In the fast-moving world of trading, traders are always looking for ways to automate and optimally use their strategies. One common problem is converting custom TradingView indicators to MT4 so that traders can carry out their strategy on the MetaTrader 4 platform. MetaTrader 4 (MT4) is one of the most popular trading platforms known for its ability to be automated; it is stable and has a lot of support for Expert Advisors (EAs).

If you use TradingView indicators for technical analysis, converting them to MT4 allows you to have the best of both worlds. You can combine TradingView's advanced charting features while executing trades inside of MT4. This article will take you step by step on the efficient way to convert TradingView to MT4 with the help of MetaConnector.

Why Convert TradingView Indicators to MT4?

TradingView is fantastic when it comes to creating custom indicators/scripts because of Pine Script, but when wanting to actually take an automated trade with most brokers (like on MT4), you can't. By being able to convert a TradingView indicator to MT4, the following can happen:

You can be in full control of your unique strategies for trading with full automation.

You instantly send trades to execute with MT4's Expert Advisors (EAs).

You create consistency from your analysis on TradingView but also trade with MT4.

You can apply broker capabilities, such as stop loss, take profit, order management, etc.

https://www.metaconnector.combiz.org/blog/connect-tradingview-to-mt4-mt5-using-metaconnector

How MetaConnector Helps

MetaConnector is a tool that enables traders to take your TradingView alerts and connect them to MT4. MetaConnector will automatically generate trade signals in MT4 from your TradingView indicators. How this works is shown below:

1. Set Up a TradingView Alert: Create an alert for your TradingView indicator. Any indicator on TradingView can be used to create an alert and to alert based on an overall direction and/or combination of possibilities.

2. Set Up MetaConnector: Set up the parameters in MetaConnector to receive your TradingView indicator alerts in real time.

3. MetaConnector Sends Alerts to MT4: The MetaConnector will take the alerts from TradingView and passes them as trade signals to allow MT4 to execute.

4. Automated trades: When MetaConnector has received the signal, MT4 will execute a trade based on the Epic Advisor configured and other rules in play.

The neat thing about this alert method is no (or very little) complex coding from Pine Script to MQL4, and will give even a novice user access to powerful TradingView indicators in MT4.

https://www.metaconnector.combiz.org/

How to convert TradingView to MT4

1. Download/Install MetaConnector: The first step is to download MetaConnector and install it on your PC.

2. Create alerts on TradingView: Select an indicator that suits your trading style and has the most reliable buy/sell signals, then create your alerts.

3. Set up an MT4 Expert Advisor: Create an Expert Advisor on MT4 to allow MetaConnector to receive signals from TradingView.

4. Test Everything: Before a live account, you will always want to do a demo account first to ensure alerts are being picked up and trades are being executed.

5. Go Live: Now you are ready to trade your converted indicators with your automated trading on MT4.

Check prices list: https://www.metaconnector.combiz.org/#pricing

Reasons for using a MetaConnector

Real Time Alerts: There is literally no lag from the TradingView analysis to the trade being executed on MT4.

No Manual Coding: This allows you to just plug in the indicators, none of the MQL4 scripts need to be written.

Settings: You can choose the alert settings, lot size, stop loss and take profit.

Multi-Broker Support: The MetaConnector will support most of the top broker that support MT4.

Conclusion

Converting TradingView indicators to MT4 scripts is no longer difficult with services like MetaConnector available. We can easily implement the TradingView indicators we have become accustomed to for automated trading on MT4 and increase both productivity and profits. While some of you may be new to trading, using and employing a service like MetaConnector only simplifies and optimizes the process of trading and ensures trades are executed in real-time, efficiently.
For additional information and to start using MetaConnector, please visit MetaConnector.