The meeting was a tutorial focused on automating trade execution from TradingView indicators to Interactive Brokers accounts using Capitalize.ai.
The demonstration used the "Buy Sell Bands" indicator and covered both entry and exit trade automation through webhooks.
The process required no programming experience and was highlighted as easy and inexpensive for Interactive Brokers account holders.
Action Items
(No due date – All viewers/participants): Sign up for Capitalize.ai and connect to Interactive Brokers as needed.
(No due date – All viewers/participants): Set up trading strategies in Capitalize.ai following the steps demonstrated.
(No due date – All viewers/participants): For each stock/signal, create corresponding alerts and strategies for both entry and exit.
(No due date – All viewers/participants): Periodically review and update share amounts or strategy parameters as account size or preferences change.
Overview of Automating Alerts from TradingView to Interactive Brokers
Platform Setup and Connections
Capitalize.ai acts as a bridge between TradingView and Interactive Brokers (IB) and is free for IB customers.
Users need to sign up on Capitalize.ai and follow instructions to authorize trade execution through their IB account.
IB approval may take a couple of days.
Creating Automated Trading Strategies
Example used: "Buy Sell Bands" indicator on a 1-hour Apple (AAPL) chart.
Strategy parameters included price above the 200 simple moving average, a minimum profit threshold, and user-set indicator lengths.
Users configure the indicator in TradingView and set up alerts using the webhook URL provided by Capitalize.
Connecting Alerts to Trade Execution
In TradingView, users set the alert’s notification type to webhook and paste in the webhook message from Capitalize.ai.
The alert is configured to trigger “once per bar” so it can execute multiple times.
Capitalize uses this webhook to place buy or sell orders in the IB account as specified (e.g., buy 24 shares of AAPL).
Setting Up Entry and Exit Strategies
Separate alerts and webhook messages are required for entry (buy/short) and exit (sell/cover) signals for each symbol.
On Capitalize, users set the trade parameters (number of shares, symbol, action) and enable the strategy to run in a loop.
Users are advised to repeat the process for each stock and direction (long/short) they want to automate.
Ongoing Management
Strategies can be edited at any time (e.g., to adjust position sizes as account values change).
All live strategies are viewable in the “My Strategies” section of Capitalize.ai.
Decisions
Use Capitalize.ai as an automation solution — Chosen for its simplicity, free access for IB users, and ability to bridge TradingView with Interactive Brokers without coding.
Open Questions / Follow-Ups
Are there any limitations (rate limits, supported brokers, etc.) on the free version of Capitalize.ai not mentioned in this demonstration?
Is there a way to automate the setup of multiple stocks or signals at once to save initial configuration time?