Algorithmic trading platforms like MetaTrader have become all the rage among traders who desire speed and efficiency. Traders using TradingView and MetaTrader want to link their MT4 or MT5 broker accounts for sending trading signals directly. Auto-execution is a far more advanced way of doing things when it comes to automating one's trades. This article discusses sending alerts from TradingView to MT4/5 using MetaConnector, the bridge for seamless integration.
Before describing how signals can be sent from TradingView to MT4/5, we should briefly explore both applications:
TradingView is well-known for its powerful charting features, a rich collection of technical indicators, and a user-friendly interface. It enables traders to study market trends, detect patterns, and conduct in-depth technical analysis.
MetaTrader (MT4 and MT5) is the platform of choice for the execution of trades. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) offer traders an array of order execution tools, real-time market information, and technical analysis. With its powerful infrastructure, MetaTrader is the choice of traders across the globe.
TradingView and MT4/MT5 both offer some exclusive advantages with regard to trading. TradingView stands out from MT4/MT5 for analysis and charting options, while MetaTrader is best known for fast and reliable order execution. Integrating the two allows the trader to
MetaConnector is professional software that enables traders to push alerts from TradingView to MT4/MT5. MetaConnector serves as a connection bridge between the two platforms, providing real-time alert transmission and smooth trading execution.
With MetaConnector, you can:
Here’s a step-by-step guide on how to integrate TradingView with MT4/5 using MetaConnector to send alerts:
Step 1: Installation of Metaconnector
Step 2: Set Up Alerts in TradingView
Set the following values:
Step 3: Configure Expert Advisor for MT4/MT5
If you already have MT4/MT5 installed, then the MetaConnector Expert Advisor is automatically copied to the MetaTrader Data Folder.
Step 4: The trading alerts will now be done on MT4/5.
Once the configuration has been done, the TradingView alerts will start being sent directly to MetaTrader through MetaConnector. Thus, once an alert is triggered in TradingView, it will be sent to MetaTrader (MT4/5) immediately to execute trades.
MetaConnector supports several types of trade commands that you can use with TradingView alerts:
These commands allow you to configure and execute trades directly from your TradingView alerts.
The integration of TradingView with MetaTrader (MT4/5) through MetaConnector is indeed a revolutionary tool for traders who wish to, in fact, automate their trading strategies. This means receiving instant alerts and having them executed at any moment in real time on MT4/5. Whether one is a novice or a trading capitalist, MetaConnector will make life much easier for taking profitable action.
Use Metaconnector today to begin enjoying the power of automated, real-time alerts! Between TradingView and MT4/5!