MetaTrader 4 (MT4) and TradingView are among the most common trading systems available. MT4 is praised for its instruments' cutting-edge and algorithmic trading capability. On the other hand, TradingView is well-known for the user-friendly interface it provides in perfect combination with its charting elements. Many traders are thus giving consideration to linking the two sites of interest, MT4 and TradingView. This article focuses on the possibility of this integration and how to set it up using third-party tools.
TradingView is a real-time market-data service with advanced charting tools hosted in the cloud and a social trading community, so it has everything required for analysis of stocks, forex, and cryptocurrency and is perfect for retail investors.
The MT4 trading platform is mainly designed for trading forex and contracts for difference (CFDs). In addition to this, it allows automated trading by means of Automated Trading Robots (EAs), backtesting opportunities, and provides a completely customizable platform interface. Because of this, it's going to be very appealing to traders and brokers due to the reliability along with the compatibility of systems with various trading strategies.
Many traders wonder if they can directly connect TradingView to MT4. Unfortunately, TradingView does not natively support MetaTrader 4 integration. However, traders can utilize various third-party tools and workarounds to send TradingView signals to MT4 and execute trades.
One of the most efficient ways to achieve this is through Combiz MetaConnector, which seamlessly connects TradingView alerts to MT4 for automated trading.
Although TradingView and MT4 function as independent platforms by themselves, traders can integrate them with any number of third-party tools.
1. TradingView Webhook to MT4
Setting up trading alerts to MT4 from TradingView automatically by webhooks.
2. Through a Trading Bridge
A trading bridge is software that connects TradingView to MT4, thus making the trade mirrored in the two platforms.
3. Copy Trading from TradingView to MT4
If the trading platforms are not connected, then traders may opt to use some copy trading services to duplicate their TradingView trades into their MT4 account.
How It Works:
To connect TradingView to MT4, follow these steps:
Step 1: Set Up TradingView Alerts
Step 2: Install Combiz MetaConnector
Step 3: Execute Automated Trades
If you ever want to integrate it with TradingView, you might as well use MetaTrader 5 (MT5) instead of MT4.
In short, when MT4 and TradingView do not say the same words, you may utilize tools such as Combiz MetaConnector to close this gap. Whether it is through webhooks, trading bridges, or copy trading, finding the right solution to using these platforms will allow you to maximize your trading strategy.