ICMarkets Tradingview is one of the most modern and convenient Forex trading support tools today. Tradingview platform is a website providing the world’s leading market analysis services. So why do professional traders often like to use it? How to use it? Let’s find out with Learn Forex Trading in the following article!
Why do professional traders like to use ICMarkets trading view?
Tradingview What is ICMarkets Forex exchange?
Tradingview is a website that provides market analysis services, allowing users to view graphs and use technical tools. In addition, you can also follow news and interact with the global trader community.
Tradingview supports a wide variety of assets ranging from Forex, CFDs, Stocks, Cryptocurrencies, Commodities, Indices, and many more.
ICMarkets Tradingview is the perfect combination of Tradingview and ICMarkets. The tool allows traders to connect ICMarkets accounts with Tradingview and perform trading activities directly on Tradingview. This way, traders can take advantage of Tradingview’s superior features and ICMarkets’ excellent trading conditions.
Tools on ICMarkets trading view
Providing traders with many trading support tools.
Graph
Traders can view graphs of any currency pair that ICMarkets supports. Investors can choose different time frames, from 1 minute to 1 month. Additionally, you can also customize the graphs according to your trading style.
Notification
Traders can set up notifications to receive important market news or entry points according to their strategy. Investors can also customize the conditions to trigger notifications, such as price, technical indicators, time, and more.
Technical tools
Traders can use technical tools to analyze the market and find trading opportunities. Tradingview provides more than 100 different technical indicators, from popular indicators such as MACD, RSI, and Bollinger Bands, to advanced indicators such as Ichimoku, Gann, Elliott Wave,… You can also use other Drawing tools to draw patterns, trends, channels, and support and resistance lines.
Place trading orders
You can place trading orders directly on Tradingview. By connecting your ICMarkets account with Tradingview. Traders can choose different order types. In particular, from market orders, limit orders, stop loss orders, to take profit orders. Additionally, you can also view your trading history, account balance, and risk/reward ratio chart on Tradingview.
Create automated strategies
Investors can create automated strategies with Tradingview, using the Pine Script programming language. Pine Script is a simple and flexible programming language. Thereby, allowing traders to write codes to determine entry and exit conditions according to their strategy. Traders can test the effectiveness of their strategies using the backtesting and paper trading functions on Tradingview.
>>>See more: ICMarkets register on your phone is the fastest
The benefits Tradingview ICMarkets brings
Tradingview ICMarkets brings many benefits to traders, including:
- Save time: You don’t need to switch back and forth between different trading platforms. Traders can view charts, do technical analysis, place orders, and create automatic strategies on the same Tradingview platform.
- Take advantage of Tradingview’s superior features: Tradingview is one of the current market analysis websites. You can view high-quality charts, use diverse and accurate technical tools, follow the news, and interact with a worldwide community of traders.
- Enjoy ICMarkets’ excellent trading conditions: ICMarkets is one of the world’s largest and most reputable Forex exchanges. It offers traders many different account types, with the best trading conditions on the market.
How to use Tradingview on ICMarkets?
To use ICMarkets tradingview you need an account. Investors can register for an ICMarkets account and a Tradingview account on the official website. After you have an account, you need to do the following steps:
- Visit the Tradingview website and log in to your account.
- Select the “Trading Panel” icon in the lower right corner of the screen.
- Select “ICMarkets” in the list of exchanges.
- Log in to your ICMarkets account.
- Select the account type (Live or Demo) and click “Connect”.
- After a successful connection, traders will see the “Trading Panel” icon turn green and display their account balance.
- So, you can start trading on Tradingview.
Instructions on some operations with ICMarkets trading view
View graphs and notifications
To view the graph of a currency pair, traders need to do the following steps:
- Enter the currency pair name in the “Symbol” box in the upper left corner of the screen. For example EURUSD, GBPJPY, AUDCAD,…
- Select the desired time frame in the upper right corner of the screen. For example: 1m, 5m, 15m, 1h, 4h, 1D, 1W, 1M.
- The graph of the currency pair will be displayed on the screen.
To set up notifications, traders need to do the following:
- Click the “Alerts” icon in the toolbar on the left side of the screen.
- Click the “Create” button to create a new notification.
- Select notification type (Price, Indicator, Time) and trigger condition (Crossing, Crossing Up/Down, Greater Than/Less Than).
- Enter the desired value or specification. For example: Price crossing EMA(50), RSI(14) greater than 70.
- Select action when notification is triggered (Show Popup, Play Sound, Send Email, Send SMS).
- Enter detailed information for the action (Notification name, Importance level,…).
- Click the “Create” button to complete creating the notification.
Use technical tools
To use technical tools to analyze the market and find trading opportunities in ICMarkets tradingview traders need to do the following steps:
- Click the “Indicators” icon in the toolbar on the left side of the screen.
- Select the desired technical indicator from the list of popular indicators or search by name. For example MACD, RSI, Bollinger Bands, Ichimoku, Gann, Elliott Wave.
- The technical indicator will be added to the graph and display the corresponding values.
- You can customize the technical indicator settings by clicking the “Settings” icon in the upper right corner of the technical indicator. Traders can change parameters such as length, color,…
To use drawing tools to draw patterns, trends, channels, and support and resistance lines, traders need to do the following:
- Click the “Drawing Tools” icon in the toolbar on the left side of the screen.
- Select the desired drawing tool from the list of popular tools or search by name.
- The drawing tool will be activated and traders can draw on the graph by clicking and dragging the mouse.
- You can customize the drawing tool settings by clicking the “Settings” icon in the upper right corner of the drawing tool. Additionally, you can change parameters such as color, line style, thickness, and more.
Place trading orders
To place a trading order directly on ICMarkets tradingview, traders need to do the following steps:
- Click on the “Trading Panel” icon in the lower right corner of the screen.
- Select the desired order type (Market Order, Limit Order, Stop Order) and enter the number of lots.
- Enter the limit price or stop loss price if it is a limit order or stop loss order.
- Enter the take profit price and stop loss price if you want to set up automatic take profit and stop loss orders.
- Click the “Buy” or “Sell” button to confirm the order.
>>>See more: Trade effectively with the leading ICMarkets MT5 platform
Create automatic strategies with ICMarkets Forex Tradingview
To create an automatic strategy with Tradingview of Forex ICMarkets, traders need to do the following steps:
- Click the “Pine Editor” icon in the toolbar on the left side of the screen.
- Enter the Pine Script code to determine entry and exit conditions according to your strategy.
- Click the “Add to Chart” button to apply your strategy to the chart.
- Click the “Strategy Tester” icon in the lower-left corner of the screen to test the effectiveness of your strategy. You can view information such as profitability ratio, risk/reward ratio, number of trades, number of wins/losses, and more.
- Click the “Auto Trading” icon in the lower right corner of the screen to turn on automatLearn Forex Trading mode. Traders need to connect their ICMarkets account with Tradingview before turning on this mode.
Does the Tradingview ICMarkets Forex platform have disadvantages?
ICMarkets Tradingview is an effective and convenient Forex trading support tool. However, it also has some disadvantages that traders need to keep in mind. Include:
- Cost: You need to pay to use Tradingview’s premium features, like the number of technical indicators, number of notifications, number of automated strategies, and more.
- Latency: You may experience some latency when trading on Tradingview, due to internet delays or Tradingview or ICMarkets servers. This can affect the effectiveness of short-term trading strategies.
- Risk: Traders need to be responsible for their trading decisions when using the Tradingview ICMarkets Forex platform. Therefore, you need to carefully check the information and settings before placing an order or turning on automatLearn Forex Trading mode. Traders also need to comply with risk and capital management principles when trading.
Hopefully the above article, Learn Forex Trading has helped you better understand ICMarkets tradingview and how to use it effectively. In addition to this tool, you can also refer to MetaTrader 5 ICMarkets to improve the quality of each transaction. And if you don’t know how to use ICMarkets MT5 download, see more here!
FAQs:
Tradingview What is ICMarkets Forex exchange?
Tradingview is a website that provides market analysis services, allowing users to view graphs and use technical tools. In addition, you can also follow news and interact with the global trader community.
How to use ICMarkets Tradingview?
You can register for an ICMarkets account and a Tradingview account on the official website. Then log in and select the “Trading Panel” icon in the lower right corner of the screen. Select “ICMarkets” and log in. Finally, select “Connect” to proceed with the connection.
Can I place trading orders?
You can place trading orders directly on Tradingview. By connecting your ICMarkets account with Tradingview.
