Backtesting With Capitalise.ai

Realtyfxhub has emerged as a game-changer in the realm of trading automation and analysis, allowing traders with no coding skills to test and fully automate their trading strategies. The platform’s backtesting feature allows users to analyze their trading strategies using an easy and intuitive text-based interface. This democratization of backtesting opens the door for both seasoned traders and newcomers to optimize their strategies with ease.

How To Backtest With No-Code

Capitalise.ai’s backtesting feature simplifies the process by providing an intuitive, code-free environment. Users can set up their trading rules and parameters through an easy-to-use interface, enabling them to analyze the performance of their strategies over historical market data. The platform supports a wide range of assets, timeframes, tech indicators and news events, allowing for comprehensive testing and optimization. Read the guide.

Key Benefits of Capitalise.ai’s Backtesting:

1. Accessibility for All:
   Capitalise.ai’s natural language approach makes backtesting accessible to everyone, regardless of their coding proficiency. Traders can experiment with various markets and asset types, including Equities, Forex, Crypto, Indices, and commodities.
2. Comprehensive Analysis:
   The platform provides detailed analytics and performance metrics, allowing users to assess the effectiveness of their strategies accurately. Real-time simulations compliments the backtest analysis by simulating live performance, helping traders to identify potential pitfalls and refine their strategies as market conditions change.
3. Seamless Integration with Trading Automation:
   Realtyfxhub seamlessly integrates backtesting with its trading automation features, enabling users to execute their optimized strategies automatically through partner brokers and exchanges. This integration reduces manual efforts, ensuring that traders can capitalize on market opportunities in real-time.
4. Free of Charge via Partner Brokers and Exchanges:
   One of the standout features of Realtyfxhub is its cost-effectiveness. The platform is free of charge when accessed through its partner brokers and exchanges. Traders can harness the power of advanced backtesting and automation without incurring additional costs, making it an attractive option for all levels of traders.

Backtest your trading strategy – it’s that easy!

Ready to elevate your trading strategy to new heights? Experience the simplicity and power of code-free backtesting with Capitalise.ai. Sign up now through our partner brokers and exchanges and start backtesting for free.

Get Started With Capitalise.ai>>

Perhaps a more difficult question than “when to buy”, is “when to sell”, right? How many times have you checked your favorite stock on the portfolio, just to discover a price drop eliminating most or all the gained profit? This is a real issue for day-traders; how long should we keep the cookie in the milk, before it is dropped and lost at the bottom of the cup.

Continuing with this analogy, setting a Stop-Loss/Trailing-Stop-Loss will leave you with some part of the cookie, but not most of it. And we are day traders, wanting to have as much of the cookie ($$$) as possible. So why settle? There is a sweet spot where the uptrend is just about to end, potentially flipping into a mighty downtrend. Selling at this point is sweeter than any cookie. Instead of sitting worried in front of reddening candles, just Capitalise it with a Trailing-Take-Profit as part of your exit condition!   

What is Trailing-Take-Profit (TTP)

In one sentence – Trailing-Take-Profit allows you to set your Trailing-Stop-Loss to trigger only after a certain profit.
Meaning, it follows the uptrend and sets to close the position above a specific profit and below a defined loss. In other words, by setting a TTP, one can make sure that the profits made during the rising of the asset are secured, before the price goes down, deleting the profits.

The advantage of TTP on TSL is that Trailing-Stop-Loss may close the position following a downtrend that occurs immediately after the entry, missing potential profits. Trailing-Take-Profit, on the other hand, will not close the position until the target profit was reached. Only once the specified profit was reached, the trailing-stop will get into action and close the position when a specified loss occurs.

How to set a Trailing Take Profit with Capitalise.ai

TTP requires to define 2 values:

1. Profit
   The nominal ($) or percentile (%) profit at which the Trailing-Stop will become active.
2. Trailing Stop
   The nominal ($) or percentile (%) loss you are willing to incur after the defined Profit is reached. The position will be closed when the unrealized P&L drops below this value.

Read the full guide for setting a TTP on Capitalise.ai: How to close your position with Trailing-Take-Profit

Skip the big red candles

The below example will emphasize the power of TTP. The stock is FB. We set the entry when the price reaches 341, and close the position at trailing take profit (profit: 1.75%, TrailingStop: 0.55%).

As can be seen in the screenshot, the strategy kept the position open after the first rising candles, since the condition of profit>1.75 hasn’t been met. From a TTP Profit > 1.75%, the strategy will look for a trailing stop loss that is greater than (>) 0.55%.

Once that happens (the third yellow line), the position will be closed. 

Now, there are 3 nice things here:

1. ~2.5% of profits were captured in less than 3 hours.
2. These profits were beyond the expectation (1.75%), and unwanted positions closing were spared, for if only the trailing stop loss was in use. 
3. More importantly, the profits were claimed before the downtrend that came afterward, and in spite of the red candles that popped up between the elevations. If only  TSL was in use the strategy would have triggered an exit after the first downtrend (-0.75), leaving us with a profit of 0.9% and missing the uptrend that came after it, and an additional 1.8% of profits accumulated.

Combine TTP with additional exit conditions

The downside of TTP, when compared to TSL, is that TTP has more exposure (to the occurrences in the market) since it has an additional condition for when to stop. For example, if the downtrend starts just at the entry, TTP may take the position further down since no profits have been made. The best practice for setting a TTP is to use it in combination with other exit conditions. You can add a variety of tech indicators, time-based conditions, or news events to define your optimal exit strategy.

For example:

Plan like a human. Trade like a machine_

Automate your trailing-take-profit with Realtyfxhub & Tickmill

With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.

Simply type in your trading strategy in everyday English and Realtyfxhub will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your Tickmill account.

100% free for Tickmill traders!

Sign-up to Realtyfxhub >>

Don’t have a Tickmill Index account?

Open account >>

If you feel like you’re missing out on opportunities too often due to wrong timing, the next video is right for you.
Let me show you an easy, smart and efficient solution to automatically time your trades in advance.

Timing your trades with Realtyfxhub – how does it work?

Capitalise.ai enables you to time your entry & exit in a way that only if a certain event happens at a certain time your orders will be triggered. No coding or techy knowledge is needed, only plain English. You can build trading bots based on a variety of tech indicators, patterns, news events and set the right timing for them to trigger.

For example:

Common timing scenarios

1. Between or except-between specific hours: if you are not a fan of high volumes, you may want to execute orders (solely) in the middle of the day. Before or after setting the conditions, choose “between” from the wizard suggestions and set the desired trading time. Or, vice versa, If you wish to avoid specific hours, set the times when the strategy will not trigger. For example, if you want the strategy to run for 24 hours (Crypto guys), except for the boring, low volatility, late-night hours- choose the “except between” suggestion, and write 00:00 – 09:00 EST (NYSE hours)- before or after you have set the conditions.
   [br]
2. Before or after a specific time:
   Trading days are usually starting loud. If the opening frenzy may disrupt your easy-going, solid strategy, set the entry condition to trigger a few hours after the market opens. Choose “after” at the beginning, or the end of the entry strategy, and determine the time at which the strategy will start to trigger afterward.
   The most common function of the “before” condition is closing all the open positions right before the trading day ends.  We will now see two ways to achieve that. The first one, using the “before” condition, is by setting the exit strategy to close the position “before” 15:59 (or 03:59 PM) EST*.
   [br]
3. At a specific minute:
   The third, and last, timing condition is “at”. This one is pretty straightforward – define a specific minute when if the conditions are met – the strategy (entry or exit) will trigger. For example, writing “close position at 03:59 EST” is another way to be sure that the position will be closed right by the end of the trading day*. This can be applied for opening a position, in every minute within the trading day, for example: “Buy 10 MSFT at 12:00 EST”. The strategy will trigger at this specific time if the “at” condition is the only one. Otherwise, the strategy will trigger only if the other conditions in this strategy will be met at this specific minute.
   [br]

   When to use which

   When in doubt about when to use which timing conditions, think about the other conditions in the strategy. When put with other conditions in the same strategy, the timing conditions apply for all the conditions in the strategy, and not just the buy and sell. For example, if you are waiting for RSI>80, and set the timing condition “before 13:00 and after 15:00 EST”, the strategy will trigger only if RSI will be greater than 80 anytime in these time frames. On the other hand, if the strategy is “Buy 10 MSFT if RSI>80 at 15:00 EST”, the strategy will trigger at 15:00 EST only if the RSI is indeed greater than 80, at 15:00 precisely.
   *Note: pay special attention to holidays and special days when the exchange closes earlier than usual.

Trade on any timezone

Automate your trades’ timing with Realtyfxhub & Tickmill

With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.

Simply type in your trading strategy in everyday English and Realtyfxhub will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your Tickmill account.

100% free for Tickmill traders!

Sign-up to Realtyfxhub >>

Don’t have a City Index account?

Open account >>

This means a new world of possibilities, as EVERYTHING in TradingView can now be used to test and automate your trading plan using everyday English.

First, what is a TradingView Alert?

TradingView allows the creation of alerts based on any of the chart’s visual elements; lines, prices, indicators, but also sending alerts via the Pine script.
TradingView Webhook is a way of sending a message to a third party when an alert has been triggered.

How does a TradingView alert webhook works?

With any TradingView alert, you can select ‘Webhook URL’ under ‘Alert Actions’.

Once selecting this option, you need to provide the webhook URL and message.
The webhook URL is the address to which the alert will be sent. The message is the content of the alert.

How to add a TradingView alert to your automated trading strategy on Capitalise.ai?

On the Capitalise.ai wizard, add the condition ‘Webhook’ to your trading strategy:

Once you write ‘Webhook’, you will receive a URL & unique message that refers solely to this webhook condition. Copy them into the required fields on the trading-view alert interface when defining the webhook. Now, when the alert triggers, your strategy condition related to this webhook will be triggered.

Let’s demonstrate with a VWAP trading strategy as an example

VWAP (volume-weighted average price) is a technical indicator used at times when looking to buy into the market below the markets’ average price, and sell above the markets’ average price. Using this logic, we can consider the following conditions as our trading strategy:

Entry

1. I will go long (buy) each time the price trades below the lower band of the VWAP indicator.
2. I would seek an entry after the first hour of the trading session, when the price settles, and up until 15:00 eastern time

Exit

1. I want to close the trade when the price crosses above the higher VWAP band or at a stop-loss of 5%
2. A trade will not remain open after the market official trading session

This is how the trade would look like on TradingView Charts:

In order to automate this trading strategy, we should follow these steps:

1. Set the appropriate entry strategy on the Realtyfxhub wizard:
   

   “Between 10:30 AM and 15:00 eastern time if Webhook triggers buy 30 MRNA”

2. Click the word Webhook and then copy the URL and Message (MSG1)
3. 
4. Open TradingView and setup a TradingView alert:
   • Add the VWAP indicator to your chart of choice 
   • Open the Alert menu and set the trading-view alert:
     

     Asset = MRNA
     Crossing Down
     VWAP, Lower Band

     

   • Under “Options” choose “Once per bar” as we want it to trigger more than once (also in future bars) and ultimately create multiple trades over time. At the same time, we don’t wish to send more than 1 alert per bar.
     It is better if we choose a chart time frame that is smaller than 1 hour.
     
   • Under Alert Actions choose “Webhook URL” and paste the address you copied on step 3.
     
   • On the message section, paste MSG1 you copied on step 3
     
   • Click “Create”
5. Set the appropriate entry strategy on the Realtyfxhub wizard:
   

   “Close position if Webhook triggers or at loss of 5% or at 15:59 eastern time”

6. Copy the URL and message (MSG2)
7. Open TradingView and setup the exit Webhook trigger – follow the same process but now for when price crosses above the upper VWAP.
8. Paste the URL and MSG2 under the Webhook URL section
   
9.  Go back to Capitalise.ai, and set the strategy to run in loop mode (so it can continuously enter and exit the trade automatically)
10. Click ‘Next’ and verify your strategy on the confirmation page
11. Test your strategy risk-free using Simulation mode, or run it live and let Realtyfxhub execute your trades directly via your trading account.

Notes:

• While a strategy is on the entry phase, any webhook message received which belongs to the exit will be ignored. And vice versa, while a strategy is on the exit phase, any webhook message received which belongs to the entry will be ignored
• Whenever a message is received for a certain webhook, that webhook condition will remain triggered until the entire strategy moves to the next phase (From entry to exit and vice versa)

Controlling multiple strategies from one alert

The Webhook is a powerful feature that opens up many opportunities, one of those is the option to trigger multiple automated strategies from a single alert. This option can be used for:

1. Risk management :
   We can close all of our positions across all of our accounts with a single trigger.
2. Managing trades for others:
   If you are a licensed money manager, you can manage multiple clients’ strategies.
   The client should provide you with a webhook ID from his Realtyfxhub strategy, and you can manage his trading by sending a TradingView alert to this webhook.
   And you can do that to multiple parties at the same time. Importantly, your clients keep full control of trade size, switching between simulated and real trading, and whether to keep running or stopping this automated managed strategy.
   

How does it work?

You see, the message we send is of a JSON type, in this JSON we send a list of IDs, This list can (and most times) be with just 1 ID, or, it can have multiple IDs.

• A message containing 1 ID:
  {“alertId”: “3a89741a-2cea-49c9-a4ce-aef2840738c5”}
• A message containing multiple IDs:
  {“alertIds”: [“38bb324b-4c2c-4582-b4be-bfecf534eda8”, “d2425ea0-e1b8-4554-a8e0-f2c658899283″,”3a89741a-2cea-49c9-a4ce-aef2840738c5”]}

When sending multiple Webhook IDs, we can trigger many conditions at the same time.

To summarize

There are several ways in which we can use TradingView alerts for trading automation:

• On the position Entry stage
• On the position Exit stage
• On both stages
• Combining it with other conditions
• Building scenarios with multiple Webhooks
• Creating an entry and exit stages that only have webhook as a condition – by this, you are basically using Realtyfxhub connectivity to multiple brokers as an execution agent while managing the execution timing all by yourself.

This new feature unlocks a world of opportunities.
In a coming series, we will unveil the different strategies one can now apply using Realtyfxhub and TradingView Webhooks.

Plan like a human. Trade like a machine_

With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.

Simply type in your trading strategy in everyday English and Realtyfxhub will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your Tickmill account.

100% free for Tickmill traders!

Sign-up to Realtyfxhub >>

Don’t have a Tickmill account?

Open account >>

The answer is simple.

If any trading is right for you then you can benefit from automating some or all of your trading actions.

Some traders operate under the misconception that they need to have a robust and comprehensive trading system, that will work under changing market conditions, in order to benefit from automated trading. Other traders might believe that they need to find the right pre-programmed “bot” or they need to learn how to code. 

This may have been true up until recently. With Capitalise.ai’s game-changing automation capabilities,  automating your next trade’s execution is a matter of minutes, which saves hours of staring at the screens waiting for the right moment to act. Simple or more complex trading conditions can be set up to implement one-off trades as well as a series of reoccurring trades.

[br]

The well-known benefits of automated trading

• Saving time & breaking free from the screen
  No one person can monitor all of their assets during all the hours when all of the markets are open. We all need to sleep, eat and have a life outside of trading. Monitoring the markets 24/7 is definitely a job well suited for a bot rather than a human being.
  [br]
• Avoiding emotional decision making
  The excitement of a fast-moving market often interferes with making the best trading decisions. Fear, greed and other psychological effects get into action when traders’ money is on the line. Having a clear plan that executes with predetermined entry and exit conditions automatically subtract emotion from any market execution.
  [br]
• More efficient and precise trading executions
  For manual traders, actualized entry and exit prices often reflect how attentive, agile or accurate a trader was when opening or closing their trades.

[br]

[br]

How can automation be used to support your manual trading activity?

[br]

Monitoring assets and indicators 24/7

Many traders often find themselves spending hours staring at the charts, waiting for the right moment to act. But even a full-time day trader can not be awake for all the activity in all of the markets around the globe. The ongoing monitoring can be exhausting and divert your focus from the important tasks of planning, researching, and analyzing the markets. With Realtyfxhub you can break free from the screen!

[br]
As an example, let’s think of a trader who waits for the RSI of a certain asset to cross below a certain level in order to enter a long trade. Automating such trade is as easy as writing “Buy 10K EUR/USD if the EUR/USD 24-hour RSI crosses below 30”

[br]

Another example can be entering a trade when the price crosses below the 24-hour low:

[br]

In fact, entering your next trade automatically can be applied to any tech indicator, news event, or time frame you’re following. You can even apply TradingView webhooks to use any indicator available on TradingView to trigger your next trade.
[br]

You can also set a trade exit in order to make sure you close your position precisely as planned, for example:

[br]

Setting up a trade for a particular event

A trader can use the economic calendar to see what economic reports are coming out that day or week and set different trades to open whether the report is positive or negative. As an example, if the United States was releasing its monthly unemployment numbers typically on the first Friday, a trader might have one trade or a series of trades set up to trade with or against the value of the dollar. With automated trading, the trader doesn’t have to be awake and monitor for indicators that might get affected by a news event. 

So, let’s look at an example of a simple trade based on the monthly US NFP unemployment numbers.

This trade picks a particular asset that would be affected by US Economic reports. Every asset traded against the USD could be affected. Many traders choose the EURUSD as the value of the Dollar Index is mostly weighed against the EUR. The time condition is set so that only opens if there is a desired amount of change during the time around a major report.  There are many ways to set up a trading strategy for an event but whatever conditions a trader chooses will include:

Planning out your daily/weekly trades

Some traders like to designate one day or a certain limitation on how many and which hours they trade daily or weekly. That being the case, even in one hour a trader could set up and activate a trading plan for the day or week. That plan could also include a target for potential profits and a limit on potential losses.

While time can be an obvious obstacle for effective and frequent manual trading, automated trading can easily discount this concern.

Below is an example of a strategy where the trader chose to trade WTI/Crude Oil.  The strategy limited at the most 5 trades to open up in a loop with a maximum loss of $500. The strategy also shows a take-profit potential of $1,000 per trade or $5,000 total set previously as an exit condition. So with this strategy activated, if the trader only wanted 5 or fewer trades for the week to open whether it happened in one day or over the course of the full week, the trader could run this strategy live and Realtyfxhub would monitor the markets and execute an order each time conditions are met.

Automate your next trade with Realtyfxhub & Tickmill

Whatever you’re waiting for to happen can be easily set as a condition that will seamlessly open and close your next trade. Don’t wait any further to start saving time, avoid emotional decision-making, and become as fast and precise as a machine. Simply log in to your Realtyfxhub account, type your trading strategy in natural everyday English and let Realtyfxhub monitor the markets 24/7.
Want to gain some confidence first? No worries. Use Simulation mode to test your conditions risk-free before investing your money.

Get started >>

100% free for Tickmill Index traders!

Sign-up to Realtyfxhub >>

Don’t have a Tickmill account?

Open account >>

Perhaps a more difficult question than “when to buy”, is “when to sell”, right? How many times have you checked your favorite stock on the portfolio, just to discover a price drop eliminating most or all the gained profit? This is a real issue for day-traders; how long should we keep the cookie in the milk, before it is dropped and lost at the bottom of the cup.

Continuing with this analogy, setting a Stop-Loss/Trailing-Stop-Loss will leave you with some part of the cookie, but not most of it. And we are day traders, wanting to have as much of the cookie ($$$) as possible. So why settle? There is a sweet spot where the uptrend is just about to end, potentially flipping into a mighty downtrend. Selling at this point is sweeter than any cookie. Instead of sitting worried in front of reddening candles, just Capitalise it with a Trailing-Take-Profit as part of your exit condition!   

What is Trailing-Take-Profit (TTP)

In one sentence – Trailing-Take-Profit allows you to set your Trailing-Stop-Loss to trigger only after a certain profit.
Meaning, it follows the uptrend and sets to close the position above a specific profit and below a defined loss. In other words, by setting a TTP, one can make sure that the profits made during the rising of the asset are secured, before the price goes down, deleting the profits.

The advantage of TTP on TSL is that Trailing-Stop-Loss may close the position following a downtrend that occurs immediately after the entry, missing potential profits. Trailing-Take-Profit, on the other hand, will not close the position until the target profit was reached. Only once the specified profit was reached, the trailing-stop will get into action and close the position when a specified loss occurs.

How to set a Trailing Take Profit with Capitalise.ai

TTP requires to define 2 values:

1. Profit
   The nominal ($) or percentile (%) profit at which the Trailing-Stop will become active.
2. Trailing Stop
   The nominal ($) or percentile (%) loss you are willing to incur after the defined Profit is reached. The position will be closed when the unrealized P&L drops below this value.

Read the full guide for setting a TTP on Capitalise.ai: How to close your position with Trailing-Take-Profit

Skip the big red candles

The below example will emphasize the power of TTP. The stock is FB. We set the entry when the price reaches 341, and close the position at trailing take profit (profit: 1.75%, TrailingStop: 0.55%).

As can be seen in the screenshot, the strategy kept the position open after the first rising candles, since the condition of profit>1.75 hasn’t been met. From a TTP Profit > 1.75%, the strategy will look for a trailing stop loss that is greater than (>) 0.55%.

Once that happens (the third yellow line), the position will be closed. 

Now, there are 3 nice things here:

1. ~2.5% of profits were captured in less than 3 hours.
2. These profits were beyond the expectation (1.75%), and unwanted positions closing were spared, for if only the trailing stop loss was in use. 
3. More importantly, the profits were claimed before the downtrend that came afterward, and in spite of the red candles that popped up between the elevations. If only  TSL was in use the strategy would have triggered an exit after the first downtrend (-0.75), leaving us with a profit of 0.9% and missing the uptrend that came after it, and an additional 1.8% of profits accumulated.

Combine TTP with additional exit conditions

The downside of TTP, when compared to TSL, is that TTP has more exposure (to the occurrences in the market) since it has an additional condition for when to stop. For example, if the downtrend starts just at the entry, TTP may take the position further down since no profits have been made. The best practice for setting a TTP is to use it in combination with other exit conditions. You can add a variety of tech indicators, time-based conditions, or news events to define your optimal exit strategy.

For example:

Plan like a human. Trade like a machine_

Automate your trailing-take-profit with Realtyfxhub & City Index

With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.

Simply type in your trading strategy in everyday English and Realtyfxhub will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your City Index account.

100% free for City Index traders!

Sign-up to Realtyfxhub >>

Don’t have a City Index account?

Open account >>

If you feel like you’re missing out on opportunities too often due to wrong timing, the next video is right for you.
Let me show you an easy, smart and efficient solution to automatically time your trades in advance.

Timing your trades with Realtyfxhub – how does it work?

Capitalise.ai enables you to time your entry & exit in a way that only if a certain event happens at a certain time your orders will be triggered. No coding or techy knowledge is needed, only plain English. You can build trading bots based on a variety of tech indicators, patterns, news events and set the right timing for them to trigger.

For example:

Common timing scenarios

1. Between or except-between specific hours: if you are not a fan of high volumes, you may want to execute orders (solely) in the middle of the day. Before or after setting the conditions, choose “between” from the wizard suggestions and set the desired trading time. Or, vice versa, If you wish to avoid specific hours, set the times when the strategy will not trigger. For example, if you want the strategy to run for 24 hours (Crypto guys), except for the boring, low volatility, late-night hours- choose the “except between” suggestion, and write 00:00 – 09:00 EST (NYSE hours)- before or after you have set the conditions.
   [br]
2. Before or after a specific time:
   Trading days are usually starting loud. If the opening frenzy may disrupt your easy-going, solid strategy, set the entry condition to trigger a few hours after the market opens. Choose “after” at the beginning, or the end of the entry strategy, and determine the time at which the strategy will start to trigger afterward.
   The most common function of the “before” condition is closing all the open positions right before the trading day ends.  We will now see two ways to achieve that. The first one, using the “before” condition, is by setting the exit strategy to close the position “before” 15:59 (or 03:59 PM) EST*.
   [br]
3. At a specific minute:
   The third, and last, timing condition is “at”. This one is pretty straightforward – define a specific minute when if the conditions are met – the strategy (entry or exit) will trigger. For example, writing “close position at 03:59 EST” is another way to be sure that the position will be closed right by the end of the trading day*. This can be applied for opening a position, in every minute within the trading day, for example: “Buy 10 MSFT at 12:00 EST”. The strategy will trigger at this specific time if the “at” condition is the only one. Otherwise, the strategy will trigger only if the other conditions in this strategy will be met at this specific minute.
   [br]

   When to use which

   When in doubt about when to use which timing conditions, think about the other conditions in the strategy. When put with other conditions in the same strategy, the timing conditions apply for all the conditions in the strategy, and not just the buy and sell. For example, if you are waiting for RSI>80, and set the timing condition “before 13:00 and after 15:00 EST”, the strategy will trigger only if RSI will be greater than 80 anytime in these time frames. On the other hand, if the strategy is “Buy 10 MSFT if RSI>80 at 15:00 EST”, the strategy will trigger at 15:00 EST only if the RSI is indeed greater than 80, at 15:00 precisely.
   *Note: pay special attention to holidays and special days when the exchange closes earlier than usual.

Trade on any timezone

Automate your trades’ timing with Realtyfxhub & City Index

With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.

Simply type in your trading strategy in everyday English and Realtyfxhub will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your City Index account.

100% free for City Index traders!

Sign-up to Realtyfxhub >>

Don’t have a City Index account?

Open account >>

This means a new world of possibilities, as EVERYTHING in TradingView can now be used to test and automate your trading plan using everyday English.

First, what is a TradingView Alert?

TradingView allows the creation of alerts based on any of the chart’s visual elements; lines, prices, indicators, but also sending alerts via the Pine script.
TradingView Webhook is a way of sending a message to a third party when an alert has been triggered.

How does a TradingView alert webhook works?

With any TradingView alert, you can select ‘Webhook URL’ under ‘Alert Actions’.

Once selecting this option, you need to provide the webhook URL and message.
The webhook URL is the address to which the alert will be sent. The message is the content of the alert.

How to add a TradingView alert to your automated trading strategy on Capitalise.ai?

On the Capitalise.ai wizard, add the condition ‘Webhook’ to your trading strategy:

Once you write ‘Webhook’, you will receive a URL & unique message that refers solely to this webhook condition. Copy them into the required fields on the trading-view alert interface when defining the webhook. Now, when the alert triggers, your strategy condition related to this webhook will be triggered.

Let’s demonstrate with a VWAP trading strategy as an example

VWAP (volume-weighted average price) is a technical indicator used at times when looking to buy into the market below the markets’ average price, and sell above the markets’ average price. Using this logic, we can consider the following conditions as our trading strategy:

Entry

1. I will go long (buy) each time the price trades below the lower band of the VWAP indicator.
2. I would seek an entry after the first hour of the trading session, when the price settles, and up until 15:00 eastern time

Exit

1. I want to close the trade when the price crosses above the higher VWAP band or at a stop-loss of 5%
2. A trade will not remain open after the market official trading session

This is how the trade would look like on TradingView Charts:

In order to automate this trading strategy, we should follow these steps:

1. Set the appropriate entry strategy on the Realtyfxhub wizard:
   

   “Between 10:30 AM and 15:00 eastern time if Webhook triggers buy 30 MRNA”

2. Click the word Webhook and then copy the URL and Message (MSG1)
3. 
4. Open TradingView and setup a TradingView alert:
   • Add the VWAP indicator to your chart of choice 
   • Open the Alert menu and set the trading-view alert:
     

     Asset = MRNA
     Crossing Down
     VWAP, Lower Band

     

   • Under “Options” choose “Once per bar” as we want it to trigger more than once (also in future bars) and ultimately create multiple trades over time. At the same time, we don’t wish to send more than 1 alert per bar.
     It is better if we choose a chart time frame that is smaller than 1 hour.
     
   • Under Alert Actions choose “Webhook URL” and paste the address you copied on step 3.
     
   • On the message section, paste MSG1 you copied on step 3
     
   • Click “Create”
5. Set the appropriate entry strategy on the Realtyfxhub wizard:
   

   “Close position if Webhook triggers or at loss of 5% or at 15:59 eastern time”

6. Copy the URL and message (MSG2)
7. Open TradingView and setup the exit Webhook trigger – follow the same process but now for when price crosses above the upper VWAP.
8. Paste the URL and MSG2 under the Webhook URL section
   
9.  Go back to Capitalise.ai, and set the strategy to run in loop mode (so it can continuously enter and exit the trade automatically)
10. Click ‘Next’ and verify your strategy on the confirmation page
11. Test your strategy risk-free using Simulation mode, or run it live and let Realtyfxhub execute your trades directly via your trading account.

Notes:

• While a strategy is on the entry phase, any webhook message received which belongs to the exit will be ignored. And vice versa, while a strategy is on the exit phase, any webhook message received which belongs to the entry will be ignored
• Whenever a message is received for a certain webhook, that webhook condition will remain triggered until the entire strategy moves to the next phase (From entry to exit and vice versa)

Controlling multiple strategies from one alert

The Webhook is a powerful feature that opens up many opportunities, one of those is the option to trigger multiple automated strategies from a single alert. This option can be used to:

1. Risk management :
   We can close all of our positions across all of our accounts with a single trigger.
2. Managing trades for others:
   If you are a licensed money manager, you can manage multiple clients’ strategies.
   The client should provide you with a webhook ID from his Realtyfxhub strategy, and you can manage his trading by sending a TradingView alert to this webhook.
   And you can do that to multiple parties at the same time. Importantly, your clients keep full control of trade size, switching between simulated and real trading, and whether to keep running or stopping this automated managed strategy.
   

How does it work?

You see, the message we send is of a JSON type, in this JSON we send a list of IDs, This list can (and most times) be with just 1 ID, or, it can have multiple IDs.

• A message containing 1 ID:
  {“alertId”: “3a89741a-2cea-49c9-a4ce-aef2840738c5”}
• A message containing multiple IDs:
  {“alertIds”: [“38bb324b-4c2c-4582-b4be-bfecf534eda8”, “d2425ea0-e1b8-4554-a8e0-f2c658899283″,”3a89741a-2cea-49c9-a4ce-aef2840738c5”]}

When sending multiple Webhook IDs, we can trigger many conditions at the same time.

To summarize

There are several ways in which we can use TradingView alerts for trading automation:

• On the position Entry stage
• On the position Exit stage
• On both stages
• Combining it with other conditions
• Building scenarios with multiple Webhooks
• Creating an entry and exit stages that only have webhook as a condition – by this, you are basically using Realtyfxhub connectivity to multiple brokers as an execution agent while managing the execution timing all by yourself.

This new feature unlocks a world of opportunities.
In a coming series, we will unveil the different strategies one can now apply using Realtyfxhub and TradingView Webhooks.

Plan like a human. Trade like a machine_

With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.

Simply type in your trading strategy in everyday English and Realtyfxhub will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your City Index account.

100% free for City Index traders!

Sign-up to Realtyfxhub >>

Don’t have a City Index account?

Open account >>

The answer is simple.

If any trading is right for you then you can benefit from automating some or all of your trading actions.

Some traders operate under the misconception that they need to have a robust and comprehensive trading system, that will work under changing market conditions, in order to benefit from automated trading. Other traders might believe that they need to find the right pre-programmed “bot” or they need to learn how to code. 

This may have been true up until recently. With Capitalise.ai’s game-changing automation capabilities,  automating your next trade’s execution is a matter of minutes, which saves hours of staring at the screens waiting for the right moment to act. Simple or more complex trading conditions can be set up to implement one-off trades as well as a series of reoccurring trades.

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The well-known benefits of automated trading

• Saving time & breaking free from the screen
  No one person can monitor all of their assets during all the hours when all of the markets are open. We all need to sleep, eat and have a life outside of trading. Monitoring the markets 24/7 is definitely a job well suited for a bot rather than a human being.
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• Avoiding emotional decision making
  The excitement of a fast-moving market often interferes with making the best trading decisions. Fear, greed and other psychological effects get into action when traders’ money is on the line. Having a clear plan that executes with predetermined entry and exit conditions automatically subtract emotion from any market execution.
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• More efficient and precise trading executions
  For manual traders, actualized entry and exit prices often reflect how attentive, agile or accurate a trader was when opening or closing their trades.

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How can automation be used to support your manual trading activity?

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Monitoring assets and indicators 24/7

Many traders often find themselves spending hours staring at the charts, waiting for the right moment to act. But even a full-time day trader can not be awake for all the activity in all of the markets around the globe. The ongoing monitoring can be exhausting and divert your focus from the important tasks of planning, researching, and analyzing the markets. With Realtyfxhub you can break free from the screen!

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As an example, let’s think of a trader who waits for the RSI of a certain asset to cross below a certain level in order to enter a long trade. Automating such trade is as easy as writing “Buy 10K EUR/USD if the EUR/USD 24-hour RSI crosses below 30”

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Another example can be entering a trade when the price crosses below the 24-hour low:

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In fact, entering your next trade automatically can be applied to any tech indicator, news event, or time frame you’re following. You can even apply TradingView webhooks to use any indicator available on TradingView to trigger your next trade.
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You can also set a trade exit in order to make sure you close your position precisely as planned, for example:

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Setting up a trade for a particular event

A trader can use the economic calendar to see what economic reports are coming out that day or week and set different trades to open whether the report is positive or negative. As an example, if the United States was releasing its monthly unemployment numbers typically on the first Friday, a trader might have one trade or a series of trades set up to trade with or against the value of the dollar. With automated trading, the trader doesn’t have to be awake and monitor for indicators that might get affected by a news event. 

So, let’s look at an example of a simple trade based on the monthly US NFP unemployment numbers.

This trade picks a particular asset that would be affected by US Economic reports. Every asset traded against the USD could be affected. Many traders choose the EURUSD as the value of the Dollar Index is mostly weighed against the EUR. The time condition is set so that only opens if there is a desired amount of change during the time around a major report.  There are many ways to set up a trading strategy for an event but whatever conditions a trader chooses will include:

Planning out your daily/weekly trades

Some traders like to designate one day or a certain limitation on how many and which hours they trade daily or weekly. That being the case, even in one hour a trader could set up and activate a trading plan for the day or week. That plan could also include a target for potential profits and a limit on potential losses.

While time can be an obvious obstacle for effective and frequent manual trading, automated trading can easily discount this concern.

Below is an example of a strategy where the trader chose to trade WTI/Crude Oil.  The strategy limited at the most 5 trades to open up in a loop with a maximum loss of $500. The strategy also shows a take-profit potential of $1,000 per trade or $5,000 total set previously as an exit condition. So with this strategy activated, if the trader only wanted 5 or fewer trades for the week to open whether it happened in one day or over the course of the full week, the trader could run this strategy live and Realtyfxhub would monitor the markets and execute an order each time conditions are met.

Automate your next trade with Realtyfxhub & City Index

Whatever you’re waiting for to happen can be easily set as a condition that will seamlessly open and close your next trade. Don’t wait any further to start saving time, avoid emotional decision-making, and become as fast and precise as a machine. Simply log in to your Realtyfxhub account, type your trading strategy in natural everyday English and let Realtyfxhub monitor the markets 24/7.
Want to gain some confidence first? No worries. Use Simulation mode to test your conditions risk-free before investing your money.

Get started >>

100% free for City Index traders!

Sign-up to Realtyfxhub >>

Don’t have a City Index account?

Open account >>