MetaConnector is changing the way traders program their strategies from TradingView to MT4 and MT5. If you are a day trader, a swing trader, or a long-term investor, carrying out your strategy with precision is highly necessary, and that will be guaranteed by the variety of order types supported by MetaConnector.
We will be attempting to explain all the supported orders by MetaConnector so you have a good understanding of how each order type works and how to use them optimally in your trading strategies.
Before we go further into the supported order types, let's quickly understand what MetaConnector is.
MetaConnector is a smart automation tool that connects TradingView alerts directly to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Instead of having to manually place the trades after receiving TradingView alerts, MetaConnector completely automates the process—the selected trade is placed right away and spot on.
When your trades are set up to be executed automatically, then the system executes according to the order instructions you have put in. Different types of orders are required by different types of strategies. Commonly used order types in MetaConnector would allow you to, whether you are scalping, swing trading, or day trading:
MetaConnector is created to allow all the basic order types a modern trader—novice or skilled—would require.
These are the simplest kind of order and the most commonly placed. Sell or buy at the going market price.
MetaConnector would instantly send MT4/MT5 a market order once a TradingView alert signals to buy or sell. This ensures your trades go live in real-time, which is essential for scalping and fast-moving markets.
Best for:
Limit orders allow you to set a predefined price at which you want to enter a trade. A buy limit order is placed below the market price, while a sell limit order is placed above the current price.
MetaConnector supports limit orders through your TradingView alert messages. You can define your limit price, and the system will wait until the market reaches that price before executing the trade.
Best for:
Stop orders include buy stop and sell stop types. These orders trigger only after the price crosses a certain level. A buy stop is placed above the current price, while a sell stop is placed below.
This type of order is essential for breakout strategies and momentum-based entries.
MetaConnector enables you to trigger stop orders directly from your TradingView alerts, making it ideal for traders who follow price breakout patterns.
Best for:
Every good trading strategy includes a stop loss to limit potential losses. With MetaConnector, you can automate your stop loss based on your strategy’s logic.
When your TradingView alert includes stop-loss instructions, MetaConnector ensures the stop loss is set automatically on MT4/MT5. This eliminates the need for manual risk management.
Benefits:
Just like stop-loss, take-profit orders are essential for securing gains at predefined levels. You don’t have to monitor the chart all day—MetaConnector will exit the trade when your profit target is hit.
These orders are integrated seamlessly with your TradingView alerts, allowing you to predefine multiple targets and exit levels.
Benefits:
While basic setups include single TP/SL, advanced traders can also configure partial closes or multiple take profit levels using MetaConnector's advanced alert formatting.
This gives traders more flexibility in how they manage trades after execution.
MetaConnector also supports:
These features allow dynamic trade management and adaptability during fast market shifts.
MetaConnector is more than just a TradingView-to-MT4/MT5 bridge—it's a complete automation platform that empowers traders with full control over how their orders are placed and managed.
By supporting a wide range of order types, MetaConnector caters to both simple and complex strategies. Whether you’re automating a basic moving average crossover or a multi-level breakout system, the tool makes execution accurate and instant.
Ready to take your TradingView strategies to the next level?
👉 Explore more at the MetaConnector Official Site.