TradingView has been the chart analysis platform of choice since its inception in 2011, while MT5, which started in 2010, has been a favorite for actual trades. Connecting these two great tools was never an easy feat previously, but now with MetaConnector, automation has become seamless.
The MT5 bridge from TradingView is an automated bridge that sends your TradingView alerts straight to MetaTrader 5 (MT5) for real-time order execution. This integration seamlessly creates strategies with TradingView's robust charts and forwards those signals to MT5 in real time without human intervention.
One of the most effective and popular tools for this integration is MetaConnector. It records webhook notifications from TradingView and converts them into MT5 orders — automatically and precisely.
Automation Without Coding
Most traders enjoy TradingView for its simplicity and strength in Pine Script indicators, but the powerhouse for actually making trades is MT5. The bridge enables traders to automate orders without having to write sophisticated code or manually replicate signals.
Easier Trade Execution
Placing orders manually is time-consuming and error-prone. The bridge automatically sends TradingView alerts to MT5 so you can never miss a trade opportunity.
Advanced Strategy Support
The bridge provides advanced specifications for orders, including those such as stop-loss, take-profit, lot size, trailing stops, all along with full automation of more advanced trading strategies.
Multi-Asset Trading
If you are into forex, shares, commodities, or cryptocurrency, then MT5 broker accounts support multiple instruments, and the bridge caters to these.
Basically, the bridge utilizes the webhook alerts from TradingView. Here's a brief overview:
Step 1: Creating Alerts on TradingView
You initiate personal alerts on TradingView charts by using technical indicators or price levels. The alert message comes through a JSON-formatted webhook containing the trade instructions.
Step 2: Wait for Alerts from TradingView
The bridge waits for webhook alerts, real-time alerts, to come in from TradingView.
Step 3: Convert Alert to MT5 Order
When the alert falls with the bridge, it converts the JSON message into MT5 trade order instructions.
Step 4: Execution of Orders on MT5
The execution goes on automatically upon receipt of the orders in MT5 in your broker settings.
1. Say Goodbye to Manual Trading Errors
Signals execution is automatic, and no possibility would be left open for errors due to human interventions like entering wrong orders or delayed order execution.
2. Trade 24/7 without Any Issues
Running on a VPS (virtual private server), your bridge trades without interruption or issues, 24/7.
3. Enhance Trading Efficiency
Automation saves time and allows traders to focus on strategy creation instead of order submission.
4. Flexibility
The bridge allows the incoming alerts from different strategies and instruments all at once.
5. No Programming Needed
Bridges mostly provide easy installation with step-by-step instructions so that even non-programmers can automate.
Some third-party solutions that allow this very integration are MetaConnector, PineConnector, and others. These solutions offered usually:
Among these, MetaConnector stands out as the best and easiest solution, especially for those who wish to automate their trade without spending too much time writing tedious code.
VPS can be installed optionally as a recommendation for smoothly running the bridge 24/7 without any interruptions during trading.
TradingView to MT5 bridge is a life-changer for automated trading. It brings the power of TradingView's sophisticated charting and alert features together with MT5's strong order execution engine, giving traders speed, precision, and efficiency.
With more traders turning to automated trading than ever before, adopting a trustworthy TradingView to MT5 bridge like MetaConnector will give you the power to compete and reach your full trading potential.
Ready to automate your trades and increase your trading efficiency? Discover the TradingView to MT5 bridge solutions today and revolutionize how you trade forever!