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Knowing how to properly place trades on TradingView is essential for futures traders to execute orders accurately during active market hours.
As a futures trader just getting started with TradingView, you will need to first connect your brokerage account to enable live trading. Once your account is connected, you can select from the variety of futures contracts available on TradingView.
And whether you’re trading micro futures like Micro NASDAQ or mini contracts such as E-mini S&P, transitioning between different contracts on TradingView is a simple and smooth process.
In this guide, you will learn:
When you open your TradingView execution platform, you see the Buy/Sell buttons directly on your chart (1). In the middle of the field, you see the spread for the market. On the right, you can adjust the contracts.
By clicking on either the Buy or Sell button, the order execution window opens up.
You can also open your Trading Panel at the bottom of your TradingView screen (2). Inside the Trading Panel, you will find information about your orders, your actual positions and about your account overall (3). We will get into the specifics later.
Once you click on Buy or Sell (1), prompting the execution window to open, you can then adjust the parameters of your trade prior to executing it (2). Let us walk you through the individual parameters step by step.
Account: If you have multiple accounts, you can switch between the individual accounts here
Side: Select whether your order is a buy or a sell order
Type: Choose between Market, Limit, Stop, or Stop Limit orders here.
Disclaimer: The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders
You can also place Limit or Stop orders directly from your charts. To do this, click on the price level on your chart where you want to execute your order.
Next, choose either Limit or Stop. TradingView will then automatically pick up the price based on your mouse position.
This is especially helpful when you want to set stop-loss and take-profit orders for your actual trades.
For example, when you are in a Buy trade, you’d click above the current price and select Sell Limit to set a take-profit order and you’d click below the price and select Sell Stop to set a stop-loss order.
TradingView allows you to adjust the settings so that you can determine how and what is being displayed on your charts when it comes to orders and executions.
You can access the regular settings and then click on the tab Trading to see the different settings.
Once you’ve executed your trade, the trade details will be visible on your chart. Tradingview will show your current Profit/Loss and quantity of your position.
It will also give you the option to reverse your trade (turn a buy trade into a sell trade) or to close your position with one click (1).
In your Trading Plan at the bottom of the screen, you can view your current positions under Positions (2) and all your current active trades with additional supporting data (3). You can also close your positions by using the X icon on the right.
If you activated the visualization of past trades, TradingView will show red and green arrows directly on your charts to indicate the entries and exits of previous positions.
You can also see the number of contracts you traded along with the date of your execution.
In TradingView, you can modify and monitor all working orders in one place – here’s how to do it.
First, after you’ve placed your limit and stop orders, TradingView marks them on your charts.
You can then shift the price level of your orders by left-clicking and moving your mouse up or down (1). In your Trading Panel, you can click on Orders (2) and then get a list of all your current working orders (3). You can also modify and cancel your orders directly from the panel.
The third component in the execution Trading Panel is your account overview. You’ll have access to a variety of different statistics:
In order to have the ability to execute trades on TradingView, you must have a paid version of the platform and a funded futures trading account with Optimus Futures.
To open your funded futures trading account with Optimus, please go here: https://www.optimusfutures.com/Futures-Commodities-Trading-Account.php
To register for a paid plan on TradingView, please go here: https://www.tradingview.com/gopro/#plans
If you have any questions after reading this guide on how to place trades and execute orders on TradingView, we encourage you to visit our community forum at community.optimusfutures.com. Our dedicated team is always ready to provide answers to any technical questions you may have regarding the platform and its trading functionality.
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
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This material should be viewed as a solicitation for entering into a derivatives transaction. 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. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.
If you are going to engage in any trading activity with Futures on Virtual Currencies including Bitcoin, please view NFA & CFTC advisories providing more information on these potentially significant risks.
