How to Use TradingView Alerts to Create Your Signal Strategy

Signal strategies on TradingView allow users and signal providers to publish and set up automated trading actions. If you want to execute these signals on a trading platform, the following guide will help you get started.

Step 1: Access the Signal Strategy Feature

Log into your trading account and navigate to the trading section. Select "Strategy Trading" and then "Create Strategy." Choose the "Signal Strategy" option and click "Create" to begin.

Step 2: Create a New Signal

Click on "Add Custom Signal" to start the process of defining your new signal.

Step 3: Configure Your Signal

Enter a name for your signal and a brief description (under 300 characters). Click "Create Signal" to proceed to the next stage.

3.1: Set Up TradingView Signal推送

After creation, you will configure the signal推送. The system will generate a unique Webhook URL and alert message specifications for you.

1. Open TradingView and select the trading pair you wish to use for signal trading (note: for this example, we are using a USDT perpetual contract pair).
2. Click on "Indicator" and choose your desired signal script from "My Scripts." For newcomers, a pre-made MACD template in Pine Script is available to help you get started.

3.2: Two Methods for Setting Alerts with Your Webhook URL

Method A: Using Alertcondition() Messages (Example: MACD Script 1)

1. Configure your script in the Pine Editor, then click "Save" and "Add to Chart."
2. Click the "Alert" icon on the top toolbar. Change the "Condition" to the AlertCondition script you just added. For a MACD crossover, you might use the ENTER_LONG message template. Set the expiration to "No Expiry" for convenience. Under "Message," paste the alert message specification provided. 👉 View detailed alert message specifications
3. In the "Notifications" section, select "Webhook URL." Paste your generated Webhook URL into TradingView and click "Create."
4. To review your created alerts, click the "Alerts" tab and select the relevant one.

Important Note: Four different message types are available (ENTER_LONG, EXIT_LONG, ENTER_SHORT, EXIT_SHORT). Choose the one that matches your trading logic.

Method B: Using Alert() Messages (Example: MACD Script 2)

1. Configure your script in the Pine Editor, then click "Save" and "Add to Chart."
2. Click on "Indicator" and configure any necessary parameters, such as the signal token.
3. Click the "Alert" icon. Set the "Condition" to "Any alert() function call" from your script. Choose "No Expiry" as the expiration.
4. In "Notifications," select "Webhook URL," paste your URL, and click "Create."
5. Manage your alerts from the "Alerts" tab.

3.3: Start Trading with Example Scripts

To help users begin, several example scripts are available on TradingView's public library, including an RSI strategy and turtle trading rules.

Step 4: Set Up Your Signal Strategy

Once your signal is connected, you will see it listed. Click "Use Signal" to create the strategy itself. Before it starts, you must complete some basic configuration.

Basic Settings:

• Trading Pair: Select the pair that aligns with your strategy.
• Leverage: Choose a leverage ratio. Remember, while leverage can amplify profits, it also significantly increases risk. Select an amount that is appropriate for your risk tolerance and goals.
• Investment/ Margin: Decide the amount of capital to allocate to this strategy.

Advanced Order Settings:
You can customize how your orders are executed.

• Order Type: Choose between market orders (executed immediately at the current price) or limit orders (executed only at a specified price or better).
• Entry Settings: Define the amount of capital used for each trade. This can be set as a fixed amount (e.g., 1000 USDT) or a percentage of your available balance (e.g., 10%), offering flexible position sizing.
• Exit Settings (TP/SL): Set Take-Profit (TP) and Stop-Loss (SL) levels. TP automatically closes a trade to secure profits at a target price, while SL closes a trade to limit losses at a predetermined price. These values can be set manually within the strategy or received dynamically via TradingView alerts.

After configuring all parameters, click "Confirm" to finalize your signal strategy creation.

Step 5: Monitor and Manage Your Strategy

Once live, your strategy will automatically execute trades based on the incoming signals.

The strategy details page provides a comprehensive overview:

• Review historical performance and overall profitability.
• Monitor all open positions and pending orders.
• Analyze a complete log of past trades and the signals that triggered them.

This historical data is invaluable for refining your approach and making more informed decisions.

You also retain the ability to manually intervene in the strategy's operation:

1. Adjust Strategy Margin
You can add or remove funds allocated to the strategy. This allows you to top up the capital or withdraw profits directly from the strategy interface.

2. Place Manual Orders
Regardless of incoming signals, you can manually open orders within the strategy. This lets you initiate new positions, add to existing ones, or reduce exposure based on your own analysis. You specify the pair, order type, amount, and direction.

3. Close Open Positions Immediately
You can instantly close any open position for a specific trading pair at the current market price with the "Close All" button.

4. Stop the Strategy
Stopping the strategy will cancel all its pending orders, and any remaining allocated capital will be returned to your trading account. You can stop a strategy from its details page or the main strategy orders tab.

Frequently Asked Questions

Q: What is a Webhook URL, and why do I need it?
A: A Webhook URL is a unique address generated by the trading platform. TradingView uses it to send a secure notification (an alert) directly to your exchange every time your strategy's conditions are met, triggering the automated trade execution.

Q: Can I use any Pine Script with signal strategies?
A: Most scripts can be adapted, but they must be configured to send alerts properly. The script must use either alertcondition() or alert() functions and format the message according to the required specification so the exchange can understand the intended action (e.g., buy or sell).

Q: What is the difference between a market order and a limit order in this context?
A: A market order executes immediately at the best available current price, ensuring speed but not price. A limit order only executes at your specified price or better, giving you price control but not guaranteeing the order will be filled if the market doesn't reach your price.

Q: How do I manage the risk of using automated trading?
A: Risk management is crucial. Utilize the built-in stop-loss and take-profit settings to define your risk per trade upfront. Always choose a leverage level you are comfortable with, and never allocate more capital to a strategy than you are willing to lose. 👉 Explore more strategies for risk management.

Q: What happens if I stop a signal strategy?
A: When stopped, the strategy will cease all operation. It will immediately cancel any open orders it has placed. Any funds that were dedicated to the strategy as margin will be released back into your main trading account balance. Your existing open positions, however, will remain until you manually close them.

Q: Can I modify a signal strategy after it's running?
A: Yes, you can adjust certain parameters like margin allocation and take-profit/stop-loss levels after the strategy is live. However, changing the core signal source or trading pair typically requires creating a new strategy.