Yes, you can link your broker on MT4/5 to TradingView by following a series of simple steps. This integration allows traders to benefit from the advanced charting and analysis capabilities of TradingView while executing trades on the MT4 or MT5 platforms.

In this article, we explore the benefits of integrating TradingView with MT4/MT5 and how to auto-execute TradingView alerts on MT4/5 using Trading Connector.

Why Do I Need To Link Tradingview With My Broker On Metatrader?

Linking TradingView to MT4/5 is necessary because TradingView and Metatrader don't allow users direct access to markets. You need a broker who’ll provide you with access to a marketplace where you can trade.

By linking TradingView with your broker on MT4/5, you’ll be able to access streaming data and send orders straight to your broker.

Here are more reasons you should link your broker on MT4/5 with TradingView:

1. Advanced Charting And Analysis

TradingView is renowned for its extensive range of technical analysis tools and indicators.

By integrating TradingView with MetaTrader, you can access these advanced charting features while leveraging the powerful trading capabilities of MetaTrader. This combination empowers traders to make informed decisions based on comprehensive analysis.

2. Access To Resources

Linking TradingView with MT4/5 offers you access to the extensive selection of technical indicators that TradingView provides. Traders can choose the technical indicators that best fit their strategy by accessing MetaTrader indicators and more on TradingView.

TradingView gives users access to real-time trade ideas, which they can apply in their trading strategies, and a host of other tools and more timeframes for market analysis that are not available while using the MetaTrader app.

How To Link Tradingview With Your Broker on MT4/MT5

TradingView says more than 170,000 users have linked their brokers to TradingView. But TradingView only supports brokers offering traders access to foreign currencies (Forex), cryptocurrencies, and Contract for Differences (CFDs).

Brokers on TradingView include:

Activtrades
Ally Invest
Alor
Alpaca
AMP
Binance
BingX
Bitget

Here’s a list of brokers supported on TradingView.

To link your broker on MT4/5 to TradingView, follow this step:

Decide on which broker offers the assets you want to analyze on TradingView. The asset must be supported by the country you live in and adhere to local regulations.
Create an account with the broker you have chosen. If you already have an account with a broker, you won't need to open a new account if you already have one with a broker that is listed on TradingView.
Login to your TradingView account and go to the broker integration page. You’ll see a list of different platforms integrated with TradingView, choose your preferred broker and click Connect.

Can You Link TradingView With MT4/5 Using A Third-party Tool?

You can link TradingView with MT4/5 using a third-party tool called Trading Connector. Trading Connector listens to TradingView.com for alerts and then delivers the trading signal instantly to ExpertAdvisor (TradingConnectorEA) on your MT4 or MT5 platform.

This third-party tool serves as a bridge between TradingView and your MT4/MT5 platform, allowing you to automate the execution of trades based on TradingView alerts. Let's delve into the capabilities of the Trading Connector and how it empowers traders to leverage TradingView while executing trades swiftly on MetaTrader.

Understanding The Trading Connector

The Trading Connector is an Expert Advisor plugin script designed to establish a seamless connection between TradingView and MetaTrader. It enables traders to auto-execute TradingView alerts on MT4/5. This integration eliminates the need to switch between platforms, streamlining the trading process and providing traders with a cohesive and efficient workspace.

How It Works

Google Chrome Extension listens to TradingView.com for alerts.
Contents of the alert are placed in our “TradingConnector” desktop application.
The trading signal is instantly delivered to ExpertAdvisor (TradingConnectorEA) on your MT4 or MT5 platform.

Note: Both manually configured notifications on TradingView and alerts triggered by PineScript work well with the Trading Connector.

Benefits of Trading Connector

Trading connectors offer numerous advantages to traders, making them valuable tools in the world of online trading.

1. Auto-Executes Tradingview Alerts On MT4/5 In Less Than A Second

It connects TradingView with MetaTrader, allowing you to take advantage of real-time trade execution based on your TradingView alerts. Say goodbye to manual intervention and hello to enhanced trading efficiency. With this integration, you can leverage the power of automated trading and elevate your trading strategies to a whole new level.

Also, Trading Connector has a latency of less than a second, meaning it takes less than 1 second TradingView alert until the trade is executed in MT4 or MT5.

2. Eliminates Emotion In Trading

Trading can be influenced by emotions such as fear, greed, or impatience, which can lead to irrational decisions and potential losses. A trading connector, often in the form of an automated trading system, executes trades based on predefined rules without being influenced by emotions. This helps eliminate emotional biases and ensures consistent and disciplined trading.

3. Compatible With Any Broker That Supports MT4 or MT5

Trading connectors are designed to work with popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely supported by various brokers, giving traders the flexibility to choose their preferred broker while still utilizing the features and capabilities of the trading connector.

4. Saves Time

Instead of placing trades manually, traders can rely on the trading connector to execute trades based on their analysis on TradingView. This frees up time for traders to focus on other aspects of their trading strategy or pursue other interests.

5. Supports Multiple Accounts From Different Brokers

Trading Connector offers the ability to connect and trade on multiple trading accounts from different brokers simultaneously. This feature is particularly beneficial for traders who have accounts with multiple brokers or trade different strategies across various accounts. With Trading Connector, you can send the same signal to different brokers and maximize your profit by using the Multiple Accounts” license.

Conclusion

Integrating TradingView with your broker on MetaTrader 4 and 5 can revolutionize your trading experience, but using the Trading Connector makes it even more excellent. Its seamless integration and the ability to automate trades through alerts make this connection a valuable asset in your trading arsenal.

Can You Link TradingView With MT4/5?