TradingView
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How To Build A Trading Bot From Any TradingView Strategy In Your Broker Using TradersPost
The TradersPost webhook system lets you easily integrate alerts from platforms like TradingView with TradersPost. Webhooks can receive JSON like the following.
{
"ticker": "TSLA",
"action": "buy",
"price": "420.69"
}
This JSON data structure is very important and it must be 100% correct otherwise TradersPost will not be able to parse the data out of the JSON in order to use the information correctly.
You can dynamically send the values in the above JSON using TradingView variables. You can read more about TradingView variables here.
Using Pine Script strategies as opposed to indicators or studies is the best way to build automated trading strategies that work well with systems like TradersPost.
The Pine Script code of a strategy will have a line at the top of the code which calls the function
strategy()strategy("My TradersPost Strategy", overlay=true)
If you build your Pine Script as a strategy, you only need one alert per ticker, and you can use the following JSON for the alert.
{
"ticker": "{{ticker}}",
"action": "{{strategy.order.action}}",
"sentiment": "{{strategy.market_position}}",
"quantity": "{{strategy.order.contracts}}",
"price": "{{close}}"
}
TradingView will replace the
{{...}} values dynamically with a real value when the alert gets sent to TradersPost.- {{ticker}} - the ticker the alert is setup on
- {{strategy.order.action}} - buy or sell
- {{strategy.market_position}} - long, short or flat. This value tells TradersPost what the state of the position should be after executing the
- {{strategy.order.contracts}} - the quantity of the order executed
- {{close}} - the current price at the time the alert was triggered
You can alternatively use a Pine Script indicator instead of a strategy to send signals to TradersPost.
The Pine Script of an indicator will have a line at the top of the code which calls the function
indicator()indicator("My TradersPost Indicator", overlay=true)
With an indicator, you have to setup separate buy and sell alerts per ticker. Your code should have multiple calls to the
alertcondition() function.alertcondition(tradersPostBuy, title="TradersPost Buy")
alertcondition(tradersPostSell, title="TradersPost Sell")
Then you can copy and paste the following JSON snippets in to the alert message in TradingView.
{
"ticker": "{{ticker}}",
"action": "buy",
"price": "{{close}}"
}
{
"ticker": "{{ticker}}",
"action": "exit",
"price": "{{close}}"
}
You can also use the sentiment field to exit a bullish position without entering a bearish position on the other side. When you send sentiment=flat, it will always exit the full quantity of the open position.
{
"ticker": "{{ticker}}",
"action": "sell",
"sentiment": "flat",
"price": "{{close}}"
}
{
"ticker": "{{ticker}}",
"action": "sell",
"price": "{{close}}"
}
{
"ticker": "{{ticker}}",
"action": "exit",
"price": "{{close}}"
}
You can also use the sentiment field to exit a bearish position without entering a bullish position on the other side.
When you send sentiment=flat, it will always exit the full quantity of the open position.
{
"ticker": "{{ticker}}",
"action": "buy",
"sentiment": "flat",
"price": "{{close}}"
}
The values inside of the {{ and }} will be dynamically replaced by TradingView when the alert triggers.
When you create an alert in TradingView, you only need to enter the above JSON in the Message field and the URL of your webhook in the Webhook URL field. Here is a screenshot of a simple example that would send a signal to buy SQ when the price crosses above 241.94.
TradingView plain manually configured alert webhook.
This is a simple example to demonstrate the basics of how you can integrate TradingView alerts with TradersPost but the same principals apply if you are doing something more advanced with a Pine Script indicator. Continue reading to learn how you can integrate your Pine Script indicators and alerts with TradersPost.
There are several different ways that you can build strategies in TradingView from studies that are purely visual indicators to strategies that can be backtested.
Sometimes you may want to hook up a strategy to TradersPost that was built by someone else and you do not have the ability to modify the Pine Script. You can easily send alerts from existing strategies and send the alerts as webhooks to TradersPost.
Just send the following JSON in the alert message to TradersPost.
{
"ticker": "{{ticker}}",
"action": "{{strategy.order.action}}",
"sentiment": "{{strategy.market_position}}",
"quantity": "{{strategy.order.contracts}}",
"price": "{{close}}"
}
Here is an example where the JSON for the alert message is defined in the Pine Script strategy itself and passed to the
alert_message parameter in functions like strategy.entry().// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © TradersPostInc
//@version=5
strategy('TradersPost Example MOMO Strategy', overlay=true)
ema8 = ta.ema(close, 8)
ema21 = ta.ema(close, 21)
isUptrend = ema8 >= ema21
isDowntrend = ema8 <= ema21
trendChanging = ta.cross(ema8, ema21)
tradersPostBuy = trendChanging and isUptrend
tradersPostSell = trendChanging and isDowntrend
buyAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "buy", "price": ' + str.tostring(close) + '}'
sellAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "sell", "price": ' + str.tostring(close) + '}'
if tradersPostBuy
strategy.entry("Long", strategy.long, alert_message = buyAlertMessage)
if tradersPostSell
strategy.close("Long", when = open[0], alert_message = sellAlertMessage)
Then when you are setting up the alert for your strategy you can put the following code in the
Alert Message text area in TradingView.{{strategy.order.alert_message}}
Here is a much more complex version of the above strategy with many more features implemented. It has the following additional features implemented.
- Both long and short trades
- Long and short take profit and stop losses
- Configure EMA length
- Configure backtest time window
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © TradersPostInc
//@version=5
strategy('TradersPost Example MOMO Strategy', overlay=true, default_qty_value=100, initial_capital=100000, default_qty_type=strategy.percent_of_equity, pyramiding=0)
startTime = input.time(defval = timestamp('01 Jan 2021 00:00 +0000'), title = 'Start Time', group = 'Date Range')
endTime = input.time(defval = timestamp('31 Dec 2023 23:59 +0000'), title = 'End Time', group = 'Date Range')
timeCondition = time >= startTime and time < endTime
timeConditionEnd = timeCondition[1] and not timeCondition
fastEmaLength = input.int(defval = 8, title = 'Fast EMA Length')
slowEmaLength = input.int(defval = 21, title = 'Slow EMA Length')
sides = input.string(defval = 'Both', title = 'Sides', options = ['Long', 'Short', 'Both', 'None'])
fastEma = ta.ema(close, fastEmaLength)
slowEma = ta.ema(close, slowEmaLength)
isUptrend = fastEma >= slowEma
isDowntrend = fastEma <= slowEma
trendChanging = ta.cross(fastEma, slowEma)
ema105 = request.security(syminfo.tickerid, '30', ta.ema(close, 105)[1], barmerge.gaps_off, barmerge.lookahead_on)
ema205 = request.security(syminfo.tickerid, '30', ta.ema(close, 20)[1], barmerge.gaps_off, barmerge.lookahead_on)
plot(ema105, linewidth=4, color=color.new(color.purple, 0), editable=true)
plot(ema205, linewidth=2, color=color.new(color.purple, 0), editable=true)
aa = plot(fastEma, linewidth=3, color=color.new(color.green, 0), editable=true)
bb = plot(slowEma, linewidth=3, color=color.new(color.red, 0), editable=true)
fill(aa, bb, color=isUptrend ? color.green : color.red, transp=90)
tradersPostBuy = trendChanging and isUptrend and timeCondition
tradersPostSell = trendChanging and isDowntrend and timeCondition
pips = syminfo.pointvalue / syminfo.mintick
percentOrPipsInput = input.string('Percent', title='Percent or Pips', options=['Percent', 'Pips'])
stopLossLongInput = input.float(defval=0, step=0.01, title='Stop Loss Long', minval=0)
stopLossShortInput = input.float(defval=0, step=0.01, title='Stop Loss Short', minval=0)
takeProfitLongInput = input.float(defval=0, step=0.01, title='Target Profit Long', minval=0)
takeProfitShortInput = input.float(defval=0, step=0.01, title='Target Profit Short', minval=0)
stopLossPriceLong = ta.valuewhen(tradersPostBuy, close, 0) * (stopLossLongInput / 100) * pips
stopLossPriceShort = ta.valuewhen(tradersPostSell, close, 0) * (stopLossShortInput / 100) * pips
takeProfitPriceLong = ta.valuewhen(tradersPostBuy, close, 0) * (takeProfitLongInput / 100) * pips
takeProfitPriceShort = ta.valuewhen(tradersPostSell, close, 0) * (takeProfitShortInput / 100) * pips
takeProfitALong = takeProfitLongInput > 0 ? takeProfitLongInput : na
takeProfitBLong = takeProfitPriceLong > 0 ? takeProfitPriceLong : na
takeProfitAShort = takeProfitShortInput > 0 ? takeProfitShortInput : na
takeProfitBShort = takeProfitPriceShort > 0 ? takeProfitPriceShort : na
stopLossALong = stopLossLongInput > 0 ? stopLossLongInput : na
stopLossBLong = stopLossPriceLong > 0 ? stopLossPriceLong : na
stopLossAShort = stopLossShortInput > 0 ? stopLossShortInput : na
stopLossBShort = stopLossPriceShort > 0 ? stopLossPriceShort : na
takeProfitLong = percentOrPipsInput == 'Pips' ? takeProfitALong : takeProfitBLong
stopLossLong = percentOrPipsInput == 'Pips' ? stopLossALong : stopLossBLong
takeProfitShort = percentOrPipsInput == 'Pips' ? takeProfitAShort : takeProfitBShort
stopLossShort = percentOrPipsInput == 'Pips' ? stopLossAShort : stopLossBShort
buyAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "buy", "price": ' + str.tostring(close) + '}'
sellAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "sell", "price": ' + str.tostring(close) + '}'
exitLongAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "exit", "price": ' + str.tostring(close) + '}'
exitShortAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "exit", "price": ' + str.tostring(close) + '}'
if (sides != "None")
if tradersPostBuy
strategy.entry('Long', strategy.long, when = sides != 'Short', alert_message = buyAlertMessage)
strategy.close('Short', when = sides == "Short" and timeCondition, alert_message = exitShortAlertMessage)
if tradersPostSell
strategy.entry('Short', strategy.short, when = sides != 'Long', alert_message = sellAlertMessage)
strategy.close('Long', when = sides == 'Long', alert_message = exitLongAlertMessage)
exitAlertMessage = '{"ticker": "' + syminfo.ticker + '", "action": "exit"}'
strategy.exit('Exit Long', from_entry = "Long", profit = takeProfitLong, loss = stopLossLong, alert_message = exitAlertMessage)
strategy.exit('Exit Short', from_entry = "Short", profit = takeProfitShort, loss = stopLossShort, alert_message = exitAlertMessage)
strategy.close_all(when = timeConditionEnd)
It is important when building your Pine Script strategy to understand the differences between building a strategy for a backtest and building a strategy for live automated execution. It is possible to build a strategy that works well in a backtest, but cannot be automated. Here is an example.
If you program your strategy to swap sides from long to short or short to long, you need to program the swap from one side to the other in one order instead of two.
Here is an example where it is done in two orders. When you do this, it will execute fine in the backtest, but this results in 2 alerts being sent to TradersPost at the exact same time and it is not possible to know which one to execute first.
// wrong
if tradersPostBuy
strategy.close("TradersPost Short")
strategy.entry("TradersPost Long", strategy.long)
if tradersPostSell
strategy.close("TradersPost Long")
strategy.entry("TradersPost Short", strategy.short)
Here is how you can do the same thing in one order instead of two:
// right
if tradersPostBuy
strategy.entry("TradersPost Long", strategy.long)
if tradersPostSell
strategy.entry("TradersPost Short", strategy.short)
This will swap from one side to the other in one order and will send one signal to TradersPost with all of the quantity required to both close the current open position and swap to the other side in one order.
For this type of setup to work when you are sending a quantity in your signal and using the TradingView strategy JSON, make sure you check "Use signal quantity" and "Subtract exit quantity from signal quantity" in your TradersPost strategy subscription settings.
If you are long 5 shares of SPY and you want to swap to the short side with 5 shares of SPY then TradingView will send a quantity of 10 in that scenario and TradersPost can subtract the quantity of the open position from the signal quantity so you get 5 to exit the long position and 5 to enter short on the other side.
Here is a simple trend following momentum based indicator called MOMO that was created by Matt DeLong from RealLifeTrading.com. It uses the EMA8 and EMA21 and the signal is when those two values cross each other.
The
message parameter of the alertcondition() function is pre-populated with the JSON alert message required by TradersPost.//@version=4
//author = https://www.tradingview.com/u/MattDeLong/
study("Trend Following MOMO", overlay=true)
ema8 = ema(close, 8)
ema21 = ema(close, 21)
isUptrend = ema8 >= ema21
isDowntrend = ema8 <= ema21
trendChanging = cross(ema8, ema21)
tradersPostBuy = trendChanging and isUptrend
tradersPostSell = trendChanging and isDowntrend
plotshape(tradersPostBuy, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small, text='Buy')
plotshape(tradersPostSell, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small, text='Sell')
aa = plot(ema8, linewidth=3, color=color.green, editable=true, title="ema8")
bb = plot(ema21,linewidth=3, color=color.red, editable=true, title="ema21")
fill(aa, bb, color=isUptrend ? color.green : color.red)
alertcondition(tradersPostBuy, title="TradersPost Buy Alert", message="{\"ticker\": \"{{ticker}}\", \"action\": \"buy\", \"price\": {{close}}}")
alertcondition(tradersPostSell, title="TradersPost Sell Alert", message="{\"ticker\": \"{{ticker}}\", \"action\": \"sell\", \"price\": {{close}}}")
Once you have the Trend Following MOMO indicator in your TradingView you can add it to your charts and it will look like the following with visual buy and sell indicators overlayed on top of your chart.
MOMO Trend Following Indicator
Next, you can create alerts for the buy and sell signals and send them to TradersPost via webhooks. Follow these steps to setup the alerts as webhooks.
- 1.Open the Alerts pane in TradingView
- 2.Click Create Alert at the top right of the Alerts pane
- 3.Select Trend Following MOMO from the Condition dropdown
- 4.Select TradersPost Buy Alert or TradersPost Sell Alert under the Condition dropdown.
- 5.Click Once Per Bar Close next to Options
- 6.Paste your TradersPost webhook URL in the Webhook URL field.
- 7.Give your alert a name like HD MOMO 1D Buy
Here is what your alert should look like.
MOMO Trend Following Indicator Alert Webhook
Notice how the Message field in the alert was automatically filled in with the JSON that is required for TradersPost? This is made available to us by these two lines of code in the Pine Script.
alertcondition(tradersPostBuy, title="TradersPost Buy Alert", message="{\"ticker\": \"{{ticker}}\", \"action\": \"buy\", \"price\": {{close}}}")
alertcondition(tradersPostSell, title="TradersPost Sell Alert", message="{\"ticker\": \"{{ticker}}\", \"action\": \"sell\", \"price\": {{close}}}")
When writing Pine Script strategies and indicators it is important to ensure your code does not suffer from repainting. Read the notes in this section to learn about repainting and how to avoid it.
From PineCoders:What do we mean by repainting?Repainting is used to describe three different things, in what we’ve seen in TV members comments on indicators:
If you are interested automating your TradingView strategies, give TradersPost a try and Register your free account today! If you have any questions, join our Community or email us at [email protected].
Last modified 23d ago