Tradelocker TradingView: Simplify Your Trading Workflow

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With Tradelocker TradingView, you can streamline your trading process and save time. By integrating Tradelocker's proprietary algorithms with TradingView's powerful charting tools, you can automate your trades and focus on higher-level strategy.

The Tradelocker TradingView platform allows you to create custom trading plans and set specific entry and exit points. This feature is particularly useful for traders who want to implement a consistent trading strategy.

By automating your trades, you can reduce emotional decision-making and minimize losses. Tradelocker's algorithms can also help you identify potential trading opportunities and provide real-time market analysis.

TradingView Features

TradingView Features are robust and user-friendly, allowing traders to analyze markets and identify trends with ease. The platform offers a wide range of technical indicators, including moving averages, relative strength index, and Bollinger Bands.

With TradingView, you can create custom charts and watchlists to track your favorite stocks, cryptocurrencies, and forex pairs. You can also use the platform's drawing tools to annotate charts and highlight key levels.

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The platform's PineScript programming language allows users to create custom indicators and strategies, giving you unparalleled flexibility and control. TradingView's community-driven approach means that users can share and download custom indicators and strategies with just a few clicks.

TradingView's real-time data feed provides instant access to market data, allowing you to stay up-to-date with the latest market movements. The platform's alerts system can notify you of price movements, trend changes, and other events that you specify.

You can also use TradingView's paper trading feature to practice trading with fake money, allowing you to test new strategies and techniques without risking real capital.

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Alerts and Automation

To generate an alert, you need to specify whether it's based on an indicator or a strategy. Indicators provide signals without backtesting data, while strategies include backtesting capabilities and simulate trade performance over historical data.

You can check directly in TradingView to see which one you have. Add the indicator or strategy to your chart, open the Pine Script editor, and look at the Strategy Tester tab. If it shows a backtesting report, you're dealing with a strategy; if it doesn't, it's an indicator.

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There are three alert types in TradeLocker: Buy, Sell, and Close. If you're already in a buy position, triggering a new buy alert will add to your existing position. If you're in a sell position, the system will first close the sell position and cancel all open sell orders before opening a new buy position.

You can select either an indicator or a strategy for automation purposes, depending on your preference. TradeLocker offers flexibility in its alert types, quantity management, and stop-loss/take-profit configurations.

Here are the three alert types and their behaviors:

To create alerts in TradeLocker and TradingView, you need to follow a few steps. First, click "Generate Alert" in TradeLocker after setting all options like instrument type, alert type, quantity, and stop-loss/take-profit. Then, copy the JSON message generated by TradeLocker and paste it into the alert message box in TradingView.

You can also monitor your trades on TradeLocker's dashboard, which will display open and closed positions, alert triggers, and other trade details. For example, after triggering a buy alert, you will see the position reflected in the closed or open positions tab, confirming the automation is working as expected.

For another approach, see: Remove Alert Tradingview

Trade Management

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Trade management is a crucial aspect of trading, and TradeLocker has got you covered. With its user-friendly interface, you can easily monitor and manage your trades in real-time.

The Trades panel is where you'll find all your open, pending, and closed positions, as well as your balance report. You can even copy trade IDs, edit trades, and close trades directly from this panel.

TradeLocker's dashboard will display open and closed positions, alert triggers, and other trade details, so you can keep a close eye on your automated trades. This feature is especially useful for monitoring your trades after triggering a buy alert.

One of the standout features of TradeLocker is its Multiple Take Profit Management. This allows you to specify distinct Take Profit (TP) levels and corresponding percentage lot sizes for each TP. This option is available for trades coming from TradingView, and it's a game-changer for optimizing your profit-taking strategy.

Credit: youtube.com, How to Place Trades and Manage Orders on Trade Locker

Here's a breakdown of the different ways you can define stop-loss and take-profit levels in TradeLocker:

  • Points/Dollars from Entry Price: Define fixed dollar amounts to risk or gain.
  • Percentage: Enter stop-loss and take-profit levels as percentages of the entry price.
  • Price: Use placeholders from your TradingView indicator to dynamically set stop-loss or take-profit based on indicator plots.
  • Ticks: Define levels based on the smallest price movement unit (tick).
  • Total Profit or Loss: Specify absolute dollar amounts for total loss or profit per contract.

TradeLocker's Risk Calculator is also a valuable tool for determining ideal position sizes based on pre-set risk levels. This helps you stay within your risk tolerance and account size, ensuring you're not overexposing yourself to potential losses.

The platform's partnership with TradingView takes risk management to the next level, providing real-time market data and advanced charting tools to help you visualize your risk parameters directly on the charts.

TradeLocker's account protection measures, such as drawdown limits, are also designed to prevent excessive overexposure and help you avoid significant losses. These safeguards are seamlessly integrated with TradeLocker's execution tools, ensuring risk management remains a priority even in high-pressure trading environments.

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Integration and Customization

With TradeLocker's integration with TradingView, you can customize your chart layouts and indicator settings to align with your specific trading strategies. This allows for better decision-making and a more streamlined trading experience.

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You can also perform multi-timeframe analysis, spanning from minute-by-minute to weekly charts, to get a broad market perspective and confirm your strategies. This feature helps you stay on top of market fluctuations.

TradeLocker's integration with TradingView also provides access to real-time market data and customizable charts and indicators, such as the RSI for identifying overbought or oversold conditions. This simplifies complex data for traders at any skill level, making it easier to make informed decisions.

Trade Copier Integration Features

With TradeLocker's Trade Copier Integration, you can selectively copy trades from one symbol to another, giving you more control over your automated trading strategies.

This feature is particularly useful for traders who want to diversify their portfolios by copying trades from one symbol to another.

You can monitor your trades on TradeLocker's dashboard, where you'll see open and closed positions, alert triggers, and other trade details.

The system will display the position reflected in the closed or open positions tab, confirming the automation is working as expected.

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Credit: youtube.com, Efficient Setup: Copying Instruments Between Accounts in Trade Copier

Automating your trades using TradingView indicators combined with TradeLocker significantly enhances your trading efficiency and discipline.

This streamlined approach allows you to set up alerts, manage risk, and integrate multiple accounts, making it easier to execute complex trading strategies.

TradeLocker's alert types, quantity management, and stop-loss/take-profit configurations give you the flexibility to customize automation tailored to your unique trading style.

Start by exploring your favorite indicators on TradingView, generate precise alerts in TradeLocker, and connect them via webhook URLs to automate complex trading strategies.

Remember to always practice sound risk management and test your automated strategies thoroughly before committing significant capital.

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Charting Customizability

You can add multiple static image charts to your Tradelocker platform, which is a game-changer for traders. This feature is a must-have tool and is more important than any indicator you could ever use.

With Tradelocker's integration with TradingView, you can set up custom charts with your executions, MFE/MAE targets, and more, which are automatically plotted for all your imported trades.

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You can customize your chart using the top left corner, where you can find the time frame changer, style switcher, indicators, templates, market open/closed indicator, undo and redo buttons, and more.

Here are some of the tools available for you to edit your charts and help you monitor the data:

  • Draw Trend Lines
  • Gann and Fibonacci tools
  • Geometric Shapes
  • Annotation tools
  • Patterns
  • Prediction and measurement tools
  • Icons
  • Measure
  • Magnet tool

This level of customization allows you to align your tools with specific strategies for better decision-making, and it's all integrated into one platform.

Platforms and Exchanges

Platforms and Exchanges are crucial for tradelocker TradingView users. You can effortlessly copy trades from TradingView strategy to your Binance Futures account.

This automation ensures instant execution of crypto alerts, making it a game-changer for traders. Binance Futures supports this integration, allowing for seamless trading experiences.

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Markets Panel

The Markets Panel is a crucial part of any trading platform, allowing you to view all available trading pairs at once.

You can find these pairs by using the drop-down menu or the search bar. This makes it easy to locate specific instruments you're interested in trading.

The Markets Panel also lets you add instruments to your favorites for easy access. This is a great way to streamline your trading experience and quickly find the pairs you trade most often.

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Binance Futures

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Binance Futures allows for instant execution of crypto alerts, making it a powerful tool for traders. This is particularly useful for those who want to act quickly on market trends.

You can even copy trades from TradingView strategy to your Binance Futures account with ease, ensuring seamless automation of your trades.

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MetaTrader

MetaTrader is a popular trading platform that offers a range of features to help you manage your trades effectively. It's compatible with TradingView, allowing you to automate trades from one platform to the other.

You can automate trades from TradingView to MT4 or MT5, ensuring quick execution of your trading strategies. This integration is a game-changer for traders who want to streamline their workflow and focus on more important things.

MetaTrader's integration with TradingView ensures that you can manage your trades effortlessly, without having to manually place orders or monitor your positions.

Oanda

Oanda is a platform that allows for seamless integration with other trading tools.

You can transfer trades from TradingView to your Oanda account, which enables you to receive and execute trading alerts instantly.

This automation ensures you never miss an opportunity, making it a valuable feature for traders.

Curious to learn more? Check out: Is Oanda a Regulated Broker

Risk Management and Options

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Risk management is a crucial aspect of trading, and Tradelocker has got you covered. The platform offers a range of tools designed to help traders manage their risk and safeguard their capital.

Tradelocker's Risk Calculator calculates ideal position sizes based on pre-set risk levels, letting traders focus on executing their strategies. This feature, combined with stop-loss options, reduces the amount of manual effort needed for effective risk control.

Here are some key risk management tools offered by Tradelocker:

With these tools, traders can protect their gains while staying prepared for sudden market reversals.

Risk Management Features

Risk management is a crucial aspect of trading, and having the right tools can make all the difference. TradeLocker's built-in risk management features help traders manage their risk and safeguard their capital.

The platform offers a range of tools designed to help traders manage their risk, including position sizing and advanced stop-loss options. This reduces the amount of manual effort needed for effective risk control.

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The Risk Calculator calculates ideal position sizes based on pre-set risk levels, letting traders focus on executing their strategies. Stop-loss orders can be set to cap potential losses, while trailing stop-losses adjust automatically to lock in profits as trades move in a favorable direction.

Position sizing tools automatically determine lot sizes based on risk tolerance and account size, while trailing stop-loss adjusts with profitable trades to secure gains. Account protection measures, such as drawdown limits, help traders avoid overexposure.

The combination of TradeLocker's Risk Calculator and stop-loss features helps traders manage their risk more effectively by limiting the amount of capital at risk for each trade. This is especially useful for disciplined risk management, where traders want to risk a fixed percentage of their total account balance per trade.

Here's a summary of TradeLocker's risk management tools:

By using these tools, traders can protect their gains while staying prepared for sudden market reversals.

Small Position Sizes & Market Options

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Small position sizes can be a game-changer for novice traders or those with limited capital, as they spread risk and benefits across a smaller investment.

You can start trading with positions as small as 0.01 lots, like a $1,000 position in EUR/USD, which is ideal for testing strategies or trading with limited funds.

The platform provides access to over 500 instruments, including forex, cryptocurrencies, stocks, metals, and indices, supporting both focused and diversified trading approaches.

With deep liquidity, even small trades benefit from competitive pricing, making it easier to open multiple positions while keeping risks in check.

This feature is particularly useful for traders tackling prop firm challenges, where precise risk management is key.

Tradelocker's combination of small position sizes with built-in risk management tools and multi-device accessibility makes it easier to maintain control over your trading strategies.

Tools and Features

The Tools and Features section of the Tradelocker TradingView integration is packed with useful goodies.

Credit: youtube.com, How to Access TradingView Drawing Tools on TradeLocker

With Tradelocker, you can automate position sizing and incorporate advanced stop-loss options to reduce manual effort for effective risk control.

The Risk Calculator calculates ideal position sizes based on pre-set risk levels, letting traders focus on executing their strategies.

Tradelocker's partnership with TradingView takes these features a step further with real-time market data and advanced charting tools.

You can customize your chart using the top left corner, where you can find the time frame changer, style switcher, indicators, templates, market open/closed indicator, undo and redo buttons, and more.

There are also different tools available for you to edit your charts and help you monitor the data, including draw trend lines, Gann and Fibonacci tools, geometric shapes, annotation tools, patterns, prediction and measurement tools, icons, measure, and magnet tool.

The platform includes account protection measures, such as drawdown limits, to help traders avoid overexposure.

Tradelocker integrates TradingView directly into its platform, bringing advanced technical analysis tools to traders without the need to switch between multiple applications.

With access to real-time market data and TradingView's customizable charts and indicators, users can perform detailed market analysis with ease.

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Credit: youtube.com, Best Trading Tools for Beginners! (Step-by-Step Guide to TradeLocker & TradingView)

The platform also supports tailored chart layouts and indicator settings, enabling traders to align their tools with specific strategies for better decision-making.

Multi-timeframe analysis, spanning from minute-by-minute to weekly charts, provides a broad market perspective, helping traders confirm their strategies.

Additional features like drawing tools and customizable alerts make it simple to highlight key price levels and act quickly on market opportunities.

Tradelocker simplifies trade execution with its one-click trading and direct chart order placement, cutting out delays caused by multi-step processes.

The platform's interface is both clean and customizable, ensuring that essential tools are always within reach.

Here are some of the key features of Tradelocker's chart panel:

The combination of one-click trading and direct chart order placement in Tradelocker significantly improves trading efficiency by reducing the time and effort required to execute trades.

Frequently Asked Questions

Does TradeLocker have the same indicators as TradingView?

Yes, TradeLocker integrates TradingView's suite of indicators, providing seamless access to a vast array of trading tools. This native integration eliminates the need to switch between platforms.

How much does TradeLocker cost?

TradeLocker is completely free to use, with no charges from us. However, some brokers or prop firms may impose their own fees for using the platform.

Can I use TradeLocker without a broker?

No, you cannot use TradeLocker without a broker, as it requires a broker to handle quotes, orders, and assets. Find out more about how TradeLocker works with brokers.

Danielle Hamill

Senior Writer

Danielle Hamill is a seasoned writer with a keen eye for detail and a passion for storytelling. With a background in finance, she brings a unique perspective to her writing, tackling complex topics with clarity and precision. Her work has been featured in various publications, covering a range of topics including cryptocurrency regulatory alerts.

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