How Algo Trading Works on TradingView with Combiz Services

05 Feb. 2025

How Algo Trading Works on TradingView with Combiz Services

Algorithmic trading, often referred to as algo trading, has revolutionized how financial markets operate, executing trades using algorithms and automated systems. It makes this possible by giving pre-programmed instructions for a variety of market conditions to make trades at the most optimal times for efficiency and less human error.

One of the biggest platforms for algo trading remains TradingView.com, which became famous for excellent charting with a scripting language called Pine Script, allowing custom trading strategies to be constructed.

The History of Algorithmic Trading

The algorithms have been traced back to the 1970s, though it was after the late 1990s and early 2000s that they gained huge momentum with powerful computing technologies, online trading, and platforms that were developed for electronic trading. The electronic trade introduced order execution much quicker and more efficiently than its predecessors, and here algorithms played the central role in this transformation.

Algorithmic trading is first of all widely used in the domain of institutional investors, hedge funds, and investment banks. With platforms like TradingView, however, it is increasingly being used among retail traders and, as they can build and test simple automated strategies easily, it makes trading much more interesting and accessible for them.

What is Algo Trading?

Algorithmic trading represents an order execution method that implies the use of automated, pre-programmed instructions for trading while taking into consideration trade time, price, and volume. Large financial institutions, hedge funds, and individual traders have found utility in the work of the technique for the convenience of trading strategy selection and optimization.

It can be, for instance, a package of conditions that instructs it to buy the gold when a level falls below and sell off once the price of that gold is reached at an appointed level. Traders do not have to stay by their screens all day to take advantage of small price movements.

Why TradingView is Ideal for Algo Trading

It stands out among other reasons why it is unique for algo trading using TradingView in that it is a cloud-based charting platform, offering very powerful tools to retail and professional traders alike.It is popular because of its user-friendly interface, advanced charting capabilities, and wide selection of trading indicators.

Pine Script: A scripting language utilized by TradingView, Pine Script, enables traders to create proprietary indicators and even automated strategies. Pine Script is a lightweight language that is quite easy to learn and can enable traders to design unique trading algorithms without requiring programming knowledge.
Cloud-Based Platform: The platform is fully based on the cloud, which implies that you are able to use your algorithms through any device you are working from anywhere in the world. That is helpful to traders who can monitor and even adjust their strategy while traveling around.
Real-Time Data: Real-time market data provides instant analysis and execution of strategies for traders; thus, it's a very suitable option for algo trading in TradingView if you're all about speed and accuracy.
Widely Covered Markets: TradingView covers a large number of markets, such as stocks, forex, cryptocurrencies, commodities, and indices. The wide coverage makes sure that you can apply the algo trading in TradingView with any asset class.

Also Read

Algorithmic trading | Is Algo Trading legal in India

How Algo Trading Works on TradingView

Here’s a step-by-step breakdown of how algo trading using TradingView works:

Create a Trading Strategy: You have to come up with a trading strategy to start with. It can be based on technical indicators, chart patterns, or both. You either use the in-built indicators on TradingView or write custom algorithms using the Pine Script.
Backtest Your Strategy: When you come up with your strategy, you then want to backtest it. It will give you an idea of how this strategy would have performed under previous market conditions. TradingView allows users to backtest their strategy over historical data to make them identify flaws and adjust accordingly.
Set up Alerts: After you have successfully backtested your strategy, you could probably set up alerts to get notifications when certain conditions are met. Like for example, you may set a particular alert wherein it triggers on crossing the specific price or showing a buy-sell signal for a particular technical indicator.
Execution of Trades: With your algorithm completed and all prerequisites satisfied, the trades will start executing automatically. Your algorithms will execute in real-time within the Combiz Services Pvt Ltd broker system that ensures rapid order execution.

The Role of Combiz Services Pvt Ltd in Algo Trading

Combiz Services Pvt Ltd is an algo trading solutions provider that adds functionality to the likes of TradingView. This company designs and develops custom-built algo trading platforms that interact with the existing trading systems and brokerage accounts.

With Combiz Services Pvt Ltd, traders can gain access to the following:

Custom algorithms: Combiz Services Pvt Ltd works directly with traders to develop algorithms suited to their unique needs and trading style.
API Integrations: They offer smooth integration with trading platforms such as TradingView, thus allowing for the automated execution of a trade.
Support and Maintenance: The company also offers support for invariable support and maintenance to ensure that your algorithm functions at its best and maintains its compatibility with changing markets.

Combiz Services Pvt Ltd uses expertise to facilitate traders to unlock their maximum possible returns through trading with TradingView using algo.

AI BOT Features:

AI BOT-Algo Trading and Copy Trading is a web-based platform
AI BOT supports multiple broker
AI BOT allows cross-broker copy-trading
AI BOT supports algo trading from various trading platforms eg. Trading View, MT4/5, Python, Excel, Amibroker, Ninja Trader, etc.
AI BOT supports direct trading in multiple accounts in one click
AI BOT has basket order and one-click trade features
AI BOT can place a trade in thousands of accounts in one click with mili-seconds latency.
AI BOT your trades can copied even when you are not suitable for part-time traders as well.

Benefits of Algo Trading on TradingView

Speed and Efficiency: Algo trading makes it possible to execute trades at a much faster rate. A profitable trade identified by the algorithm can be executed in milliseconds. This is a much faster speed than manual trading.
Minimized Emotions: Trading is always emotional, and fear and greed are some of the most common emotions that influence bad decisions. Algo trading eliminates this kind of emotional bias because trades are executed based on predefined conditions and strategies.
24/7 Trading: With algo trading, you can now trade around the clock, especially in markets that never close. For example, the cryptocurrency market is open to trading 24/7. You can now use cloud-based platforms like TradingView to be sure that your algorithms are always working, even when you are not actively watching the markets.
Backtesting: TradingView even enables backtesting features in which one can test their strategies using the available historical data, thus optimizing them in real-world market conditions before applying them in a live environment.

Conclusion

TradingView is one of the best choices for a trader to auto-strategize their trades and make their trading better. It is an efficient method for traders, whether beginner or professional, for algo trading on TradingView with platforms like TradingView. With Combiz Services Pvt Ltd, you can enjoy custom algorithms and integrations without having to face a lagging position in trading, always keeping ahead of the trading game.