How to place a trade on TradingView?

TradingView is one of my favorite charting platforms. One of the best features of the platform is the ability to trade directly from the TradingView charts.

In this post I will outline how to place a trade on TradingView. How to trade directly on the charts plus demonstrate many of the user friendly features of the platform that makes placing orders on TradingView so easy.

Can I use TradingView to trade and can you trade directly from TradingView?

Yes, trading directly on TradingView is possible as long as an accredited TradingView broker is connected with your account. The platform is equip with on-chart features that make it possible to open and close trades without having to leave the platform. Order placement, trade execution and order management (i.e., modifying orders) – can all be done in TradingView via your connected broker.

In this post we will explain step by step how to place a trade on TradingView.

How to place a trade on TradingView and How do I place an order on Tradeview?

There are several methods for placing trades or orders directly on TradingView. Trades can be placed directly from the chart, using the order panle or the But Sell buttons. To use TradingView to trade you must have an brokerage account and have that account connected to TradingView. In the following section I will describe each of the methods for how you can trade on TradingView.

Connect your Broker

To trade using Tradingview the first thing you have to do is to connect your account to an accredited TradingView broker. If you want to learn more about this, check out my previous post ‘How to connect a broker to TradingView’. This post provides a full guide to available brokers and how to connect to the TradingView platform.

Configure Chart Settings

This is not mandatory but configuring Trading preferences under Chart Settings may be helpful. 

Trading preferences will vary per user and may be worth experimenting with. To configure, refer to the following steps:

Step 1: Open a chart 

Step 2: Right click on any area of the chart 

Step 3: Select Trading See black box below

Step 4: Tick the applicable boxes 

Step 5 (optional): Click Template button > Save As 

This will save your newly configured chart settings that you can apply on other charts by clicking the template button. 

Step 6: Click OK

Chart Settings Explanations

The following is a summary of chart settings options listed above:

1. Show Positions – This is a useful visualization feature that I find really useful. It provides a visual of active position/s on the security with dynamic P/L for that trade. A flag will display after an order is executed. The feature also has useful buttons to help manage the trade. 

 

2. Show Orders – On chart visual of active order/s on the security 

3. Connecting Line – Shows a horizontal line connecting the order/position to the price on the Y-axis. You can configure the design of the line to your liking 

4. Extend lines left – Extends the horizontal line to the left – spanning the entire chart. 

5. Show Buy or Sell buttons* – Positions the buy and sell buttons directly on the chart. This is a shortcut to open the order panel

6. Instant order placement* – Enabling this will bypass any order confirmations to place orders instantly after initial order request. This is good for faster executions but you do need to be sure of your order before choosing to execute.

How to place a trade on TradingView

Method 1: Trading directly on TradingView chart

One of the best and easiest ways to execute trades is through the chart itself. 

There are 2 easy methods for executing a trade directly on the TradingView charts. Either by ‘Right clicking’ directly on the chart at the price you want to place the trade or clicking the ‘Plus’ icon on the Y-axis. I will discuss both these methods below:

Placing a Trade Directly on Tradingview Chart using the ‘Right click method’

Step 1: Open a chart > type in the security you are interested to trade. 

Step 2: If you have a trade and order in mind, ‘right click’ on where you want to place your trade. A drop down menu will appear. 

Step 3: Hover on ‘Trade’. See blue box below:

Step 4: Select ‘Create New Order’, Place ‘Limit’ or ‘Stop’ order. See black box above. The order window will appear on the right of the chart.

Step 5:  Fill out your order. Your order will be pre-filled at the price you clicked the chart. Either accept this price or amend as you like. Be sure to enter a stop loss and / or take profit if these are required.

Step 6: Click the blue (BUY) or red (SELL) button at the button. To finalize order. 

Placing a Trade Directly on Tradingview Chart using the ‘Y axis Method’

Step 1: Set your limit price by hovering your cursor on any price point on the chart. 

Step 2: Click the plus button that will appear on the Y axis (right side of the chart). 

Step 3: Click either the Create New Order, ‘Limit’ or ‘Stop’ order options. See Red box below:

Step 4: Fill out your order in the ‘Order Panel’. Your order will be pre-filled at the price you clicked the chart. Either accept this price or amend as you like. Be sure to enter a stop loss and / or take profit if these are required.

Step 6: Click the blue (BUY) or red (SELL) button at the button. To finalize order. 

Your order will pop out on the chart with a horizontal line representing the price. See black box below:

Method 2: Place an order on Tradeview using the Order Panel

Another quick method is to access the order panel through its icon on the right toolbar. 

Step 1: Open your chart

Step 2: Locate the up and down arrow pair on the right toolbar. See red arrow below for toolbar.

Step 3: An order panel the same as mentioned above will appear. Manually complete the order panel. Then select the BUY or SELL button to place your trade.

Method 3: Place an order on Tradeview using the Buy and Sell buttons

For this method to work, the trading panel has to be enabled. To do this, follow the steps below: 

Step 1: Open your chart > enter the security you would like to trade 

Step 2: Right click on any area of your chart > Click on ‘settings’ on the drop down window. Chart Settings window will open: 

Step 3: Select Trading > Tick Show Buy/Sell Buttons > Click OK. See black box below:

The buy and sell buttons will appear below the name of the security on the top left of the chart. . 

Step 4: Click either the blue or red button. This will open the Order Panel: 

Important Note: When the Instant Order Placement is ticked, clicking the buy (blue) or sell (red) buttons will instantly place an order. It will not open the Order Panel. See black star on the Chart Settings screenshot above.

How to Modifying Orders in TradingView

There are 2 main methods that I like to use to modify orders in TradingView. Either directly from the chart using the order flags or via the Trading Panel. I will discuss both of these methods below.

How to Modifying Orders in TradingView using the TradingView Panel

Step 1: Locate the trading panel below the chart. Tab is usually labeled as the name of your connected broker. See black arrow and box below: 

Step 2: Click on Orders tab > click All (red box). You will see all your placed orders in the trading panel. 

Step 3: Right click on the order you would like to modify > Click ‘Modify Order’. See red box below:

This will open the Modify Order window to the right of the chart. 

Step 4: Enter the new amount > Click Modify Order 

How to Modifying Orders in TradingView using the order Flags

The order flags are a really nice feature that offers a visual representation of the orders currently active.

These flags can also be used to modify orders. Flags can be moved to amend order placement price. Order quantities can be amended or orders can be cancelled using the ‘x’.

This is a quicker way to modify an order. However, it might be more difficult to be precise on the price as it requires a drag mechanism on the chart. 

Step 1: Locate the flag or label of the active order 

Step 2: Hover on the flag until you see the cursor turn into a hand with the pointer finger 

Step 3: Click and hold the flag > Drag to the new price level 

Can you trade on the TradingView Mobile App?

Currently, TradingView doesn’t offer trading services on the TradingView app. Features like order placement and management as well as broker integration are not accessible on the mobile app. All trading services can only be accessed via desktop. 

How to place a trade on the TradingView mobile app?

Trades can not be placed on the TradingView mobile app at the time of writting. The mobile and tablet applications only offers charting, watchlist, socials, and other similar services. 

Trades can also not be placed on TradingView via any mobile browser. 

Follow this recent reddit thread to keep up with the latest updates on this conversation.