How to Connect TradingView to MT5: Pine Script Webhook Alerts, and Bots

The following is based on the original video available on PineTrader's youtube Channel.

Automate Your Trading with TradingView and MetaTrader 5

In this blog post, we'll show you how to automate your trading by connecting TradingView to MetaTrader 5. With this setup, your TradingView strategies can automatically send buy and sell signals to your MetaTrader 5 terminal, allowing you to trade hands-free.

Here's what we'll cover:

Setting up the necessary accounts
Configuring TradingView to send signals
Setting up MetaTrader 5 to receive signals

Step 1: Setting Up the Accounts

To automate your trading, you'll need three accounts:

TradingView Account: You'll need a TradingView account with an Essential plan or higher. This plan allows you to create webhook alerts, which are necessary for sending trading signals.
Pine Trader Account: You'll also need a Pine Trader account. Pine Trader provides the library that will help you send signals from TradingView to MetaTrader 5.
MetaTrader 5 Account: Finally, you'll need a MetaTrader 5 account from your preferred broker.

Step 2: Configuring TradingView to Send Signals

Once you have your accounts set up, you'll need to configure TradingView to send signals to MetaTrader 5. Here's how:

Import the Pine Trader Library: In your TradingView strategy, you'll need to import the Pine Trader library to generate the order tickets. You can find instructions on how to import the library in the Pine Trader documentation.
Create Order Tickets: Define variables for different order types (buy, sell, close) using the Pine Trader library. These order tickets will contain essential information for your MetaTrader 5 terminal.
Set Up Alerts: Within your TradingView strategy, set up alerts to send notifications to your MetaTrader 5 terminal whenever a buy, sell, or close position is triggered. Use the alert_message function and include the order ticket information in the message.

Step 3: Setting Up MetaTrader 5 to Receive Signals

Now that TradingView is configured to send signals, you need to set up MetaTrader 5 to receive them. Here's what you need to do:

Download the Connector: Download the Pine Trader connector from your Pine Trader account. This connector acts as an expert advisor in MetaTrader 5 and receives signals from TradingView.
Enable Web Request and Allow Algorithmic Trading: In MetaTrader 5 settings, ensure you allow web requests and algorithmic trading. This allows the connector to communicate with TradingView and execute trades automatically.
Add the Connector to the Chart: Add the downloaded connector to your MetaTrader 5 chart.
Configure the Connector: In the connector settings, provide your Pine Trader license ID and set the URL to receive signals from TradingView.

Congratulations!

You've now successfully connected TradingView and MetaTrader 5. Your TradingView strategies can now send automated trading signals to MetaTrader 5, allowing you to trade hands-free.

Additional Tips:

Refer to the Pine Trader documentation for more details on setting up order tickets.
If you have any questions or need further assistance, you can contact Pine Trader support.

By following these steps, you can automate your trading strategy and potentially improve your trading efficiency. Remember, trading involves risk, so always do your research and trade responsibly.