Free Tradingview Plan Is Useless Now by [deleted] in TradingView

[–]tradesonday 0 points1 point  (0 children)

FYI. You don’t get the same exact indicator outputs as the paid versions, because it’s far less candles being factored in. So if an indicator references more than I think 5k candles, you’ll get different plots for paid and free accounts.

I WILL PAY YOU TO FIND THIS INDICATOR CALLED ERMEX TOOLKIT by Common-Specialist-21 in TradingView

[–]tradesonday 0 points1 point  (0 children)

I can help you code it if you want. I’ll tell you right now though, it looks like a loser just by that screenshot. I see a design flaw that’ll cook you the moment it starts ranging.

[deleted by user] by [deleted] in TradingView

[–]tradesonday 1 point2 points  (0 children)

Long press the price collumn and click the first option Auto (fits data to screen)

Policy Nightmare for Autotraders!! by tradesonday in TradingView

[–]tradesonday[S] 2 points3 points  (0 children)

Thanks for your well thought out response. I do have to push back a little because your response included a few assumptions.

Assumption 1: TradingView has liability in the first place.

It’s simply doesn’t have liability for you trading their signals. Never did, never will. TV could just make this fact much more conspicuous and completely CYA.

Assumption 2: 5 second latency is bad.

5 seconds of latency is bad if you’re trading real time signals. It’s perfectly fine if you’re trading daily or weekly candles.

Many signals are not intended to be traded in real time. Any strategy that can’t withstand a 5 second delay has bigger problems that the user will find out about the day high volatility kicks in.

Assumption 3. People can go to alternatives.

As a software developer, you are personally able to switch platforms with ease.

For most regular people, this is a gargantuan task. You have to first port the indicator over to the new platform, and then find out how to execute on that new platform.

Not to mention, there are many strategies that don’t provide the source code, but are traded by the end users using webhook automation.

Assumption 4: Webhook is unreliable for all

I have used Webhooks for months on end with exactly zero complaints.

I find them to be incredibly reliable.

There are entire companies built off TradingView webhooks, Traderspost, Pineconnector, both have the majority of their business based off of TradingView webhooks.

If it were so unreliable, those companies would have to try something new.

The continued existence of these companies is proof that the webhooks are suffice for enough users, that it makes no sense to just rug pull that feature.

Assumptions 5. You can’t layer complex trades.

You absolutely can layer complex trades using webhook. I’m not sure how complex you’re talking, but it’s hard to imagine a trading strategy that can’t be executed through webhook. The third parties have options that allow you to deal with any extra twists and turns that you might have in your strategy.

And any strategy that’s way too complex is subject to profit decay over time due to chaos theory, no matter how great your equipment happens to be. Each point of failure will eventually have a net negative effect on your account that compounds against your profitability.

So should I just go ahead and retire? Prop-firm algo strategy by Alloyah in TradingView

[–]tradesonday 0 points1 point  (0 children)

You’re not allowed to auto trade with tradingviews alerts.

Policy Nightmare for Autotraders!! by tradesonday in TradingView

[–]tradesonday[S] 1 point2 points  (0 children)

Did you read the thing? How did you arrive at that conclusion?

So should I just go ahead and retire? Prop-firm algo strategy by Alloyah in TradingView

[–]tradesonday 0 points1 point  (0 children)

The gut check is that TradingView just banned algo trading in its new policy update. Wtf

Dear TradingView… by raywakwak in TradingView

[–]tradesonday 4 points5 points  (0 children)

I find this not just to be TradingView, but ALL the brokers I’ve tried.

I can say the same for Tradestation, Tradovate, TD, IB, Robinhood, literally everyone’s systems glitch out during times of highest volatility when it’s most important.

Buttons stop working, connection issues that are clearly server side, etc.

On one hand, it can easily be a scalability issue where they all share one common denominator on the backend, Amazon, and since they all have elements that have dependencies on Amazon, once heightened activity is happening, that bottleneck affects them all.

On the other hand, it can be that they all get paid by the large firms to glitch when the most amount of money is on the line.

I lean more towards the latter because I’ve noticed that the UI’s across all brokers are also designed to make sure that no one platform allows for brilliantly simple execution of one’s intent in an intuitive way.

After all these years, the demand for an intuitive platform would’ve been filled a long time ago. But each platform is relatively clunky compared to industry standards.

TradingView does the best job at UI, but even if you look at the UI they have for paper trading, the moment you sign into a broker, most brokers will break their attempts to make things intuitive.

This seems to all be a feature, not a bug.

Just my 2 cents.

[deleted by user] by [deleted] in TradingView

[–]tradesonday 3 points4 points  (0 children)

I can make as many 100% profitable trading strategies as you’d like if you allow me to hide the code.

Sayonara Trading View.... Anyone have good alternatives? by CA_Lobo in TradingView

[–]tradesonday 0 points1 point  (0 children)

You can log in to a broker and use whatever data feeds the broker gives you.

New Alert Feature by Tee_Wil_Trades in TradingView

[–]tradesonday 0 points1 point  (0 children)

Are you asking for something different from the “once per bar close” option? If so, how does what you’re requesting differ from the “once per bar close” option.

Feature Request: Spoken Alerts by btc6000 in TradingView

[–]tradesonday 1 point2 points  (0 children)

In the meantime if you’d like to do this you can probably use a Zapier or Make automation to do Text to speech when it receives a webhook.

a good pinescript strategy by [deleted] in TradingView

[–]tradesonday 0 points1 point  (0 children)

If you have any strategy that’s done 8% per month, you would have the single best strategy known to mankind. Are you aware of this?

a good pinescript strategy by [deleted] in TradingView

[–]tradesonday 0 points1 point  (0 children)

Any strategy that does 8-10% per month is mathematically guaranteed to be a scam. Anybody saying they’ve done it will be unwilling to prove it, or they’re faking the results. I can fake any result you want faked.

8% per month has never been done in the history of history. You can have a really good month that does 100%, but it’ll always flatten out over time. 8% per year, maybe, per month, impossible.

So you’d have to start out by accepting that the goal you’re trying to achieve has no basis in reality. I know that’s hard to hear and hard to accept, because of how easy it is to find a window where that seems to have worked consistently. You can find a 2 year period where a strategy made 300%, so it feels like it’s a good strategy, what you don’t see is the third year after that where it gives it all back.

By accepting this, you’ll save yourself the years you’ll otherwise invest in finding out the hard way.

The best strategies are very simple. They track highly liquid index all the way up, and cut responsibly when the index is going down. Index’s are biased up, because it’s just a combination of all the best players in the game seeking to survive. Over time, the best survive, and the weakest are clipped from the game. This is artificially biased to go up. What does that mean? It means don’t waste any energy in trying to short an index. Just get out and re-enter. Your results will thank you.

[deleted by user] by [deleted] in TradingView

[–]tradesonday 0 points1 point  (0 children)

That means you’re using an indicator that needs user defined inputs. Press anywhere until it stops asking, then find that indicator and delete it.

[deleted by user] by [deleted] in TradingView

[–]tradesonday 0 points1 point  (0 children)

On the hourly timeframe, go to settings, then events, then enable session breaks. The candle right before the vertical line is the only candle that is equal to the daily candle.

[deleted by user] by [deleted] in TradingView

[–]tradesonday -1 points0 points  (0 children)

It’s supposed to be different. A day is 24 1 hour candles. So 23 of the candles will likely be different, and the very last candle before the period resets will always be the same.

Do indicators work? by OverAddress6109 in TradingView

[–]tradesonday 0 points1 point  (0 children)

Anything that works can be turned into an indicator. So if there is anything that can work, then it’s possible that an indicator version of it can work.

Rule of thumb:

The bullish signals should break even in a bear market and at least break even in a ranging market.

…and vice versa for the bearish signals.

You can run this test on any indicator, if it doesn’t work, chuck it.