How to Place Trades on TradingView Mobile

The article on How to Place Trades on TradingView Mobile is the opinion of Optimus Futures, LLC.

The TradingView mobile app has revolutionized the way futures traders interact with markets on the go. With its user-friendly interface and comprehensive features, it’s now easier than ever to place and manage trades directly from your smartphone.

This guide will walk you through the process of futures trading on TradingView mobile, helping you make the most of this powerful platform.

Getting Started

Before you can start trading, you’ll need to set up your account.

Download the TradingView app from your device’s App store and log in.

You will also need to be connected to a broker to place a trade.

If you’re an Optimus Futures client, you can connect your account to access streaming quotes and place real trades.

For those who want to practice first, TradingView offers a paper trading option.

Now, if you’re already familiar with how to Place Trades on TradingView through the desktop, then these steps will probably look familiar.

Placing a Trade

Select Your Instrument: From your watchlist or by using the search function, choose the asset you want to trade.

Open the Chart: Tap on the instrument to open its chart. You can customize the chart type and timeframe to suit your analysis.
Initiate the Trade: To place a trade, tapp the “Bid” or “Ask” buttons at the top of the screen.

Set Order Parameters: In the order window, you can specify:
1. Order Type: Market, Limit, Stop, or Stop Limit
2. Quantity: The number of units you want to trade
3. Price: For limit and stop orders, set your desired entry price
Add Risk Management: Before executing the trade, consider setting your stop loss and take profit levels. These are crucial for managing risk:
1. Stop Loss: Tap on the chart where you want your stop loss and select “Set Stop Loss”
2. Take Profit: Similarly, set your take profit level on the chart

Execute the Trade: Once you’re satisfied with your settings, tap “Place Order” to execute the trade.

These steps apply to futures trading as well as other markets.

Managing Your Trade

After your trade is live, TradingView mobile offers several tools to help you manage it effectively:

Modify Orders: To adjust your stop loss or take profit levels, simply tap on the order line on the chart and drag it to a new position.
Partial Close: If you want to lock in some profits while letting the rest of your position run:
1. Tap on your open position
2. Select “Close Position”
3. In the pop-up window, choose the percentage or amount you want to close
Close Trade: To exit your position entirely, tap on the trade and select “Close Position,” then confirm.
Add Alerts: Set price alerts to notify you of significant market movements:
1. Long-press on the chart at your desired alert level
2. Select “Create Alert” from the menu
3. Customize your alert settings and save

Using Alerts Effectively

Alerts are a powerful tool for staying informed about market movements without constantly watching your screen. Here are some effective ways to use alerts:

Entry Alerts: Set alerts slightly above or below key levels to notify you of potential entry opportunities.
Stop Loss Alerts: Place alerts near your stop loss level as an extra precaution.
Take Profit Alerts: Set alerts near your take profit level to potentially adjust your exit strategy.
Trend Change Alerts: Use alerts on key moving averages or trend lines to stay informed about potential trend changes.

Risk Management Tips

Trading futures through a mobile device opens up a new world of possibilities.

However, traders can move faster and more efficiently on a desktop. So, you want to avoid trading any high-speed strategies from your mobile device.

Next, it’s always a good idea to set your stop loss and profit targets once you’ve entered a trade. Mobile connectivity has come a long way, but isn’t always available where you are. Setting orders ahead of time ensures you avoid execution issues when you’re out of pocket.

Lastly, take advantage of position size calculators. This is a great tool too quickly evaluate potential losses and profits.

Advanced Features

As you become more comfortable with the basics, explore TradingView mobile’s advanced features:

Multiple Chart Layouts: View different timeframes or instruments simultaneously.

Drawing Tools: Use trendlines, Fibonacci retracements, and other tools for technical analysis.
Indicators: Add custom indicators to enhance your analysis.
Backtesting: Use the app’s backtesting features to test your strategies before risking real money.

Customizing the App for Efficient Use

One of the best parts about using TradingView mobile is the ability to tailor the app to your individual tastes.

Personalize Your Watchlist: Create multiple watchlists for different asset classes or futures trading strategies. Long-press on any symbol to add it to a specific watchlist or flag it for quick access.
Optimize Chart Layouts: Save custom chart layouts with your preferred indicators and time frames. Access them quickly by tapping the three dots in the bottom right corner and selecting “Chart Layout.”
Customize Indicators: Tailor your technical analysis by adjusting indicator settings. Long-press on an indicator to modify its parameters or change its visual appearance.
Dark Mode: Enable dark mode to reduce eye strain during night trading sessions. Toggle this feature in the app settings for a more comfortable viewing experience.

Shortcuts and Lesser-Known Features

These shortcuts can significantly speed up your futures trading analysis and execution.

Quick Symbol Switch: While viewing a chart, tap and hold the symbol name at the top of the screen to quickly switch between different assets without leaving the chart view.

Gesture-Based Chart Navigation: Use two fingers to pinch and zoom on charts, or swipe left and right to move through time periods effortlessly.
Drawing Tool Shortcuts: Double-tap on a drawing tool to keep it selected for multiple uses. This saves time when applying the same tool across different chart areas.

Alert Management: Set price alerts directly from the chart by long-pressing on a price level and tapping the “+” icon. Manage all your alerts in one place by going to the main menu and selecting “Alert Management.”

Multi-Time Frame Analysis: View multiple time frames simultaneously by using the split-screen feature. Access this by tapping the three dots and selecting “Layout.”

Troubleshooting Common Issues

While the TradingView mobile app is quite reliable, users can run into problems from time to time.

Here are some common situations you may face and how to remedy them.

1. App Freezing or Crashing:

Close all background apps and restart your device.
Ensure you have the latest version of the app installed.
Clear the app cache in your device settings.

2. Data Sync Issues:

Check your internet connection and switch between Wi-Fi and mobile data if necessary.
Log out of the app and log back in to refresh your connection.

3. Chart Loading Problems:

Reduce the number of indicators on your charts to improve loading times.
Try switching to a lower time frame temporarily.

Final Thoughts

The TradingView mobile app, especially when connected with an Optimus Futures account, offers a powerful and comprehensive trading experience.

Its fast performance, easy-to-use interface, and advanced features make it suitable for traders of all levels.

With practice and proper risk management, you’ll find that the TradingView mobile app can be an invaluable tool in your trading arsenal, allowing you to stay connected to the markets and manage your trades effectively, no matter where you are.

Start trading futures on TradingView Mobile today by opening up an account with Optimus Futures.

Trading Futures and Options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results.