The Ultimate Guide: How to Connect TradingView to Eightcap

1. Benefits of Automated Trading on Eightcap with WebhookTrade

The main reason to connect TradingView with Eightcap is to unlock the power of automated trading. This goes beyond mere convenience; it's about transforming your trading into a more systematic and efficient operation. The answer is simple: efficiency and precision. While TradingView is the leading platform for technical analysis, Pine Script strategy development, and alert generation, Eightcap is a world-renowned broker offering access to the MetaTrader 4 and MetaTrader 5 platforms, famous for their robustness and execution speed.

• Algorithmic Trading on Eightcap: Implement complex strategies based on TradingView indicators without writing a single line of code.
• Emotion-Free Execution: Your trading plan is executed every time an alert is triggered, removing doubt and euphoria from the process.
• 24/7 Trading Operation: The forex market never sleeps, and neither should your strategy. Capture opportunities across Asian, European, and American sessions without staying awake.
• Cost-Effective and Efficient: Forget the costs and complications of a VPS. A cloud-based solution is more affordable, reliable, and requires no technical maintenance on your part.
• Compatible with Free TradingView Accounts: You can integrate the free version of TradingView with WebhookTrade thanks to our ability to process alerts via email (plain text), a feature available on all TradingView plans.

2. How Does the TradingView to Eightcap Connection Work?

The process to link TradingView with Eightcap is not direct, as they don't have a native trading integration. To make them "talk" to each other and turn your alerts into trades, we need an intermediary. This is where the combination of your Eightcap MetaTrader account and an automation platform like WebhookTrade comes into play.

1. A condition is met on your TradingView chart (e.g., a moving average crossover).
2. TradingView sends an automatic alert (via webhook or plain text email) to WebhookTrade.
3. WebhookTrade receives the alert, interprets it, and translates it into a market order.
4. The order is instantly sent to your Eightcap MetaTrader account, which is securely connected to WebhookTrade's servers.

This system creates a direct channel for automated trading on Eightcap, allowing you to focus on improving your strategy rather than on manual execution. Although this guide focuses on Eightcap, the same process works for any broker that offers MT4 or MT5 accounts.

3. Tutorial: Connect TradingView to Eightcap in 5 Steps

Let's get practical! Follow these detailed steps to place your first automated trade from TradingView on your Eightcap account.

Step 1: Create Your Eightcap Account and Open a MetaTrader Account

If you already have one, you can skip this step. If not, visit the Eightcap website and create an account. Once inside your personal area, open a new trading account, making sure to choose either MetaTrader 4 or MetaTrader 5.

Eightcap will provide you with the crucial credentials we'll need later:

• Login Number (your MT4/MT5 account number)
• Trading Account Password
• Server

Step 2: Sign Up for WebhookTrade

Create a free account at WebhookTrade. The registration is quick and gives you immediate access to the connection platform.

Step 3: Connect Your Eightcap MetaTrader Account

This is the key step. Inside your WebhookTrade dashboard, follow this path:

1. Go to the menu and click "Connect to a Broker or Metatrader".
2. Select the "Connect with MT" option.
3. Choose the "MetaTrader Account" connection type.
4. Now, fill out the form with the details Eightcap provided in Step 1:
   • Platform: Select MT4 or MT5.
   • Login Number: Your MetaTrader account number.
   • Password: Your MetaTrader trading account password.
   • Server: The exact name of the Eightcap server.
   • Account Type: Live or Demo.
   • Email: The email you used to register with Eightcap.

Click "Connect," and our platform will establish a secure link to your account in the cloud. You don't need to have MetaTrader open on your PC!

Step 4: Generate Your Alert Command

In WebhookTrade, use the syntax generator to create the "message" you'll paste into TradingView. This simple text tells our system what to do. For example, to open a buy order on EURUSD:

{
  "username": "your_webhooktrade_username",
  "api_key": "your_secret_api_key",
  "broker": "metatrader",
  "symbol": "EURUSD",
  "action": "buy",
  "size": "0.01"
}

Step 5: Set Up the Alert in TradingView

The final step. Go to your TradingView chart:

1. Create an alert on an indicator or directly on the chart.
2. In the "Message" tab of the alert, paste the code you generated in the previous step.
3. Go to the "Notifications" tab of the alert.
4. Check the "Webhook URL" box and paste the unique webhook URL provided by WebhookTrade. Or, if that option isn't available, check the "Send Plain Text" box and provide the email address given to you by WebhookTrade.

Click "Create," and you're all set! The next time your alert triggers, the trade will be executed automatically on your Eightcap account.

4. Start Your Algotrading on Eightcap Today

Automated trading on Eightcap and using trading bots from TradingView are no longer a privilege reserved for programmers. The ability to connect Eightcap with TradingView is within your reach, allowing you to execute your strategies with precision, discipline, and freedom.

Follow the steps in this guide and transform your analysis into real trades. It's time to optimize your time and let your strategy work for you.