Tue. Jun 18th, 2024

Copy Trades from tradingview to MT4 with Ease

Do you want to take advantage of the advanced charting tools and powerful analysis features in TradingView but execute trades on your MT4 platform? Look no further – we’ve got you covered! In this article, we will guide you through the process of connecting TradingView to MT4 and MT5 so that you can easily copy trades between the two platforms.

Connect MT4 to TradingView: A Step-by-Step Tutorial

Connecting your MT4 platform to TradingView allows you to harness the best of both worlds. Follow these simple steps to establish a seamless connection:

  • Step 1: Open TradingView on your preferred web browser.
  • Step 2: Log in to your TradingView account or create a new one if you don’t have an existing account.
  • Step 3: Install the TradingView MT4/MT5 Connector plugin by navigating to the ‘Indicators’ tab and searching for ‘MT4/MT5 Connector’.
  • Step 4: Launch MT4 on your computer and go to ‘File’ > ‘Open Data Folder’ to locate the ‘MQL4’ folder.
  • Step 5: Copy and paste the downloaded plugin files into the ‘Indicators’ folder within the ‘MQL4’ folder.
  • Step 6: Restart MT4 to load the plugin.
  • Step 7: On TradingView, select the symbol and the chart timeframe you wish to copy trades from.
  • Step 8: Click on the ‘trading Panel’ icon in the top toolbar to access the trading panel.
  • Step 9: Choose the desired order type, set your preferred stop loss and take profit levels, and click ‘Place Order’ to execute the trade on MT4.

MT5 and TradingView Integration: A Match Made in Trading Heaven

If you are an avid user of the MT5 platform, you can also connect it to TradingView effortlessly. Follow the steps outlined below to establish a seamless integration:

  • Step 1: Go to MetaQuotes website and download the TradingView Charting Library package (TVChartingLibrary.zip).
  • Step 2: Extract the contents of the package and navigate to the extracted folder.
  • Step 3: Inside the folder, locate the ‘index.html’ and ‘datafeeds’ folders.
  • Step 4: Set up a web server (e.g., Apache or Nginx) on your computer.
  • Step 5: Move the ‘index.html’ and ‘datafeeds’ folders to the appropriate directory of your web server.
  • Step 6: Launch your MT5 platform and open the desired chart.
  • Step 7: Click on the ‘Charts’ tab in the top toolbar and select ‘Chart settings’.
  • Step 8: In the ‘Chart settings’ window, go to the ‘Common’ tab and enable the ‘WebRequest for URLs’ option.
  • Step 9: Set the ‘URL’ parameter to the address of the TradingView Charting Library you set up in Step 5.
  • Step 10: Click ‘OK’ to save the changes.

Unlocking the Power of TradingView Alerts in MT4 and MT5

TradingView offers a wide range of alert features that can be extremely valuable for traders. By connecting TradingView to your MT4 or MT5 platform, you can receive alerts directly in your trading platform for seamless trade execution. Here’s how:

  • Step 1: Create the desired alert in TradingView by right-clicking on the chart and selecting ‘Add Alert’.
  • Step 2: Specify the conditions for your alert (e.g., price level, indicator crossover).
  • Step 3: In the ‘Actions’ section, select ‘Send Email’ and enter your MT4/MT5 email address.
  • Step 4: Open your MT4/MT5 platform and go to ‘Tools’ > ‘Options’ > ‘Email’ to configure the email settings.
  • Step 5: Check the ‘Enable’ box and enter your email provider’s SMTP settings.
  • Step 6: Once the alert is triggered in TradingView, you will receive an email notification in your MT4/MT5 platform.

Enhancing Your Trading strategy with TradingView’s Advanced Tools

When it comes to technical analysis and charting, TradingView is renowned for its comprehensive set of tools and indicators. By connecting TradingView to your MT4 or MT5 platform, you can leverage these advanced features alongside your preferred trading strategy. From backtesting to strategy creation, TradingView empowers traders with endless possibilities.

Ready to enjoy the benefits of seamless integration between TradingView and the popular MT4 and MT5 trading platforms? Follow the above steps, connect your platforms, and take your trading to new heights!

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