TraderNickLearn how to place trades directly on the MetaTrader4 platform using the risk calculator built into it, without switching over to other platforms. TradingView.com can integrate only a limited number of brokers, so if your broker is not on the list, you can’t trade directly with it. However, if you’re in a demo trading phase, you can still do paper trading with TradingView. With TradingView, you can place trades directly, check your stop losses, set targets and calculate risk, among other things. The platform also allows you to see your orders throughout time. The video is not sponsored by TradingView.
How to Place Trades Directly on Tradingview.com using Metatrader4 Platform
Introduction
Many traders wonder how to place a trade directly on Tradingview.com without having to switch over to Metatrader or punch it into their phone or copy over orders. Fortunately, integrating with Tradingview is possible, and this article will show you how to place trades directly on the Metatrader4 platform.
Tradingview.com
The first thing to note is that Tradingview.com has a little trading panel down there, which will be the key. You can see “open trading panel” written somewhere around it. However, there are only a select number of brokers that you can actually sign up with to integrate directly with it. All of these brokers have been integrated into Tradingview.com, and if your broker is not on here, you cannot trade Tradingview directly with your broker.
Limited Brokers
There are only a limited number of brokers that you can sign up with and integrate directly with Tradingview. However, this is a huge pro because it ensures that you can trust your broker. If your broker is not on Tradingview, it means they haven’t integrated with it, and there is like a trading view and your broker behind the scenes, which is needed because you need your trades to go directly to your broker.
Paper Trading
If you are still in a demo trading phase, however, there is still hope. You can actually do paper trading with Tradingview and connect your profile there, which will allow you to place trades directly.
Broker Integration
For traders who have integrated their brokers with Tradingview, they can place their trades directly on the platform. You can log in to your broker and see the integration with MetaTrader. This integration is a game-changer, as it means that traders no longer need to mess around with MetaTrader4 anymore.
Use of Live Profiles
It is essential to note that the gurus on social media who show you MetaTrader4 results are not trustworthy. MetaTrader4 results can be manipulated, making it easy to mislead viewers. However, if a guru is logged into a regulated broker’s live profile like Oanda, it is legit and trustworthy.
The Ultimate Idea
The ultimate idea behind integrating your broker with Tradingview is placing trades directly on the Tradingview platform without needing to mess around with the Metatrader4 platform. This integration makes it possible to monitor trades in real-time and do all sorts of cool stuff.
Placing Trades on Oanda
Traders who use Oanda can right-click the chart and go to trade and create a new order. This opens a cool panel that you can use to set a stop loss, target, and order type. The panel also shows the spread of the broker you are using.
Risk Calculator
Above all, you can use the risk calculator that is built into the platform. This calculator calculates the lot size or units needed to trade based on your risk amount.
Historical Orders
You can also go through time and see where you’ve taken orders on the platform. It is a cool feature that allows you to see where you chose to sell and where you entered the market.
Conclusion
Integrating your broker with Tradingview is an excellent idea for traders who want to place trades directly on the Tradingview platform. The best part is that you no longer need to mess around with the Metatrader4 platform. The Metatrader4 platform can be manipulated, making it hard to trust trade results delivered through it. Instead, using Tradingview ensures that everything is legit and trustworthy.
