Strategy Template (with Dynamic Alerts)

The Strategy Template (with Dynamic Alerts) indicator is a comprehensive framework designed to bridge the gap between TradingView indicators and automated trading bots via the TradingView.TO service. This tool facilitates the dynamic construction of alert commands, allowing users to automate risk management, position sizing, and complex exit logic without manual syntax configuration.

Usage

The Usage section focuses on how to integrate this template with existing indicators and manage automated execution.

Connecting an Indicator

1. Open your source indicator code and locate the buy/sell conditions.
2. Create a "Signal" plot where a bullish signal equals 1 and a bearish signal equals -1 (e.g., plot(buy ? 1 : sell ? -1 : 0)).
3. Add both the indicator and this template to the same chart.
4. In the Strategy Template settings, set the External Connector to the signal plot from your indicator.

Alert Configuration To automate trading, users must create a TradingView alert using the "Order fills and alert() function calls" condition. The alert message box must contain only the following variable: {{strategy.order.alert_message}}. This ensures the dynamic commands generated by the script are sent to the webhook.

Details

The script is built as a Pine Script v5/v6 strategy to provide backtesting capabilities alongside automation features. It calculates dynamic Stop Loss (SL), Take Profit (TP), and Trailing Stop Loss (TSL) levels which are then converted into specific syntax for the TradingView.TO bridge.

Key implementation details include:

• Account Integration: Uses a custom account name input to route alerts to specific bot instances.
• Dynamic Sizing: Position sizes are defined within the script inputs to ensure the bot receives the correct order quantity regardless of the platform used.
• Risk Management: Includes logic for halting the bot based on maximum drawdown, consecutive losses, or intraday trade limits.

Settings

EA Risk Management

• Use Drawdown EA Halt: Halts all automated orders if the specified drawdown threshold (in % or USD) is reached.
• Max Consecutive Days: Prevents trading after a specified number of consecutive losing days.
• Max Losing Streak: Stops the bot if a specific number of consecutive trades end in a loss.
• Total Loss ($): A global "kill-switch" that halts the bot if the total account loss reaches this USD value.

Order & Position

• Order Type: Choose between Market or Limit orders.
• Position Type: Define whether the position size is based on fixed Units or a Percentage of equity.
• Leverage: Configure specific leverage values and margin modes for compatible brokers.

SL/TP & Management

• SL/TP Mode: Choose between USD (pips/points) or Percentage-based exits.
• Multiple Take Profits: Allows setting two distinct TP levels with specific quantity percentages.
• Stop Loss to Breakeven: Automatically moves the stop loss to the entry price plus an optional offset once a target is reached.

FAQ

How do I connect my specific indicator to this template? You must add a plot to your indicator that outputs 1 for long and -1 for short, then select that plot as the "External Connector" in the template settings.

What should I put in the TradingView alert message box? You should only put {{strategy.order.alert_message}} in the message box to allow the script to dynamically generate the correct bot commands.

How can I access Strategy Template (with Dynamic Alerts)? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.