ChartPrime - Bravo Plus - TradersPost Walkthrough

Introduction

This tutorial will guide you through the process of setting up and automating the ChartPrime strategy script on TradingView. By the end of this guide, you will be able to send trade signals to your broker through TradersPost seamlessly. This setup is essential for traders looking to automate their trading strategies and enhance their trading efficiency.

Step 1: Configure Strategy Inputs in TradingView

• Open TradingView and locate the ChartPrime strategy.

Adjust the strategy inputs based on your trading preferences

• Set parameters such as indicators, time frames, and other variables to align with your trading style.
• Save your configuration to ensure it is applied when you create alerts.

Step 2: Understand Broker Account Types

Determine which type of broker account you have

• Cash Account: Suitable for long-only trades.
• Margin Account: Required if you plan to short sell or use leverage.
• Confirm that your broker supports the strategy you intend to use. For a list of supported brokers, visit the TradersPost website.

Step 3: Adjust Strategy Settings Based on Account Type

Tailor your strategy settings according to the account type

• For margin accounts, ensure that leverage settings are properly configured.
• For cash accounts, set up limits that comply with cash trading regulations.

Step 4: Wire Up the Strategy in TradersPost

• Log into your TradersPost account.
• Navigate to the automation settings section.

Connect your TradingView account to TradersPost

• Use the webhook URL provided by TradersPost to create alerts in TradingView.

Step 5: Set Up a Paper Broker Connection

• Create a paper trading account in TradersPost to simulate trades without real money.
• Ensure that your paper account is correctly linked to your TradingView alerts to test the strategy effectively.

Step 6: Create a New Strategy in TradersPost

• In TradersPost, locate the option to create a new strategy.

Input the necessary details, such as

• Strategy name
• Connection settings
• Relevant TradingView alerts

Step 7: Define Strategy Subscription Settings

• Configure your subscription settings to determine how often the strategy will execute trades.
• Set parameters for risk management, including stop-loss and take-profit levels.

Step 8: Configure Position Sizing and Leverage

Decide on the position size for each trade

• Use a percentage of your account balance or fixed dollar amounts.
• Adjust leverage settings in accordance with your risk tolerance and account type.

Step 9: Choose Entry and Exit Order Types

Specify the types of orders you want to use for entry and exit

• Market orders for immediate execution.
• Limit orders for price-specific entry or exit.
• Set time limits for orders if necessary.

Step 10: Set Up Alerts in TradingView

• Go back to TradingView and create alerts using the previously generated webhook URL.
• Make sure alerts are linked to the specific conditions defined in your ChartPrime strategy.

Step 11: Connect a Live Broker to the Strategy

• Once you are satisfied with your paper trading results, you can connect a live broker account.
• Ensure that your live account settings mirror those of your paper account for consistency.

Step 12: Review Documentation and Pricing Plans

• Familiarize yourself with the available documentation to understand features and functionalities.
• Check the pricing plans on the TradersPost website to find a suitable option for your trading needs.

Step 13: Test with Paper Accounts Before Using Live Money

• Conduct a thorough test with your paper trading setup to ensure everything functions as expected.
• Monitor the "Trades" section in TradersPost to verify that signals are being received and orders executed correctly.

Conclusion

By following these steps, you can effectively set up and automate the ChartPrime strategy on TradingView through TradersPost. Remember to test your strategies in a paper account before committing real funds. For further assistance, refer to the TradersPost support documentation or reach out to their support team. Happy trading!