Automate Multiple TradingView Strategies on MT4/MT5
TradingView has become one of the leading charting applications for traders across the globe. With its sophisticated charting tools, community-created indicators, and alert functionalities, it has become a primary source for both emerging and professional traders. However, many traders face the same problem: automating multiple TradingView strategies on MT4/MT5 for real-time execution.
In this post, we will cover the step-by-step process, tools involved, and best practices to set up TradingView alerts so your trades can run on complete autopilot.
Why Automate TradingView Strategies on MT4/MT5?
MT4 and MT5 are still the most used trading platforms for forex, indices, and even stock CFDs. Automating TradingView alerts to MT4/MT5 allows you to:
Execute trades instantly when an alert in TradingView has been triggered.
Execute different trading strategies like RSI, EMA, or MACD without applying your own manual effort.
Get time back because the system automated placing your orders 24/7.
Reduce emotion-based trading errors.
Forexample, if you wanted an EMA crossover alert on TradingView or a moving average crossover alert on TradingView, you can send that directly to MT4/MT5 and let the system execute your buy/sell orders.
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Step 1: Setting and Customising Alerts in TradingView
TradingView gives you the flexibility to create different types of alerts:
Price alert tradingview – occurs when price reaches a specific level.
Indicator alert TradingView – occurs when the chosen indicator gives a signal.
MACD alert TradingView or RSI overbought/oversold alert TradingView – based on momentum strategies.
Once per bar close tradingview – guarantees signals are confirmed after the candle closes.
Pro Tip: Always choose the timeframe wisely. The time frames work for you and should be appropriate. For scalpers we will use 1-min or 5-min based alerts. For swing traders we will use daily-based alerts.
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Step 2: Pine Script for Strategy Alerts
If you are running a custom strategy, you can make a Pine Script strategy alert. This can allow you to declare rules like:
Buy Alert: EMA 20 crosses EMA 50 (EMA crossover alert TradingView).
Sell Alert: RSI > 70 (RSI overbought/oversold alert trading view).
Trigger alert on divergence alert tradingview for trend reversals.
After adding these rules to your scripts, TradingView should be able to generate strategy alerts that will give you alerts automatically.
Step 3: Connect TradingView Alerts to MT4/MT5
Now we get into automation and robots. You can take advantage of tools, like MetaConnector, to connect your TradingView alerts to MT4/MT5. The connection and process are really quite simple;
Set your TradingViewalerts with the appropriate webhook URL.
The webhook sends the signals to MetaConnector.
MetaConnector takes the signals from the webhook and generates the actual trade in MT4/MT5.
The entire setup allows you to run multiple alerts in TradingView at the same time across different strategies without needing to code.
Step 4: Managing Multiple Strategies
If you're managing multiple strategies, here are some helpful points:
Create a separate account for each of your strategies (scalping, swing, long-term).
Set your risk management rules within MT4/MT5 while you still take on risk management rules like stop loss and lot size.
The strategies can vary; one could be the EMA crossover, another could be an MACD crossover alert from TradingView, and a third could be a price action alert on TradingView.
This approach will ensure you limit your risk and do not become overexposed while essentially handing over the trading execution to automation.
Step 5: Create Free or Paid Alerts
Free TradingView alerts are great for beginners; however, there are typically limited trading alerts you can set for free.
If you are serious about your trading, it would be worth considering the Pro or Premium upgrades; they will provide you with unlimited trading alerts as well as more advanced features such as Discord webhook TradingView integration.
This way, you will/may not lose any signals regardless of how many trading strategies you decide to automate.
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Best Practices for Automated Alerts
Always backtest your strategy in TradingView before automating.
Don't get overwhelmed with alerts; log in with 2–3 out of 20 strategies.
Test your configuration with demo accounts in MT4/MT5 before going live.
Install your system on a VPS to ensure 24/7 availability.
Conclusion
Setting up automation across the multiple TradingView alerts in MT4/MT5 has never been so simple. With MetaConnector and smart utilisation of indicator alerts in TradingView, price alerts in TradingView, EMA crossover alerts in TradingView, etc., we can construct a hands-free trading system.
Whether you are a novice trader using free TradingView alerts or a professional trader, the TradingView alert setup for advanced strategies automation offers a lot of positive choices, such as much faster execution, fewer mistakes being made, and most of all, consistency throughout this trading journey.