What does it do?
It's simple software. Basically Traderelay waits for alerts/messages from your TradingView.com strategy. When a message is received it is sent to the real exchange. Currently Traderelay supports STOCK trading in Interactive Brokers and Crypto trading in Binance (actually USDT-futures).
Available Commands
Here's a list of the currently available COMMANDS you can use in your TradingView.com strategies:
| Command |
Explanation |
Exchange |
|
action:LONG symbol:AMD qt:1 id:xxxxx
|
Market order: Buy long AMD stocks, quantity 1 |
IB
|
|
action:SHORT symbol:AMD qt:1 id:xxxxx
|
Market order: Sell short AMD stocks, quantity 1 |
IB
|
|
action:CLOSE symbol:AMD id:xxxxx
|
Market order: Close all open positions on AMD stocks |
IB
|
|
action:LONG symbol:ETHUSDT qt:1 id:xxxxx
|
Market order: Buy long ETHUSDT, quantity 1 |
Binance
|
|
action:SHORT symbol:ETHUSDT qt:1 id:xxxxx
|
Market order: Sell short ETHUSDT, quantity 1 |
Binance
|
|
action:CLOSE symbol:ETHUSDT id:xxxxx
|
Market order: Close all open positions on ETHUSDT |
Binance
|
Command Syntax Explained
Each command follows a specific format with required parameters:
Basic Command Structure
action:[ACTION] symbol:[SYMBOL] qt:[QUANTITY] id:[ID]
- action: The trading action (LONG, SHORT, or CLOSE)
- symbol: The trading instrument (e.g., AMD, ETHUSDT)
- qt: Quantity to trade (only required for LONG/SHORT)
- id: Your unique identifier for tracking
Interactive Brokers Examples
- Buy 100 shares of AAPL:
action:LONG symbol:AAPL qt:100 id:trade001
- Short 50 shares of TSLA:
action:SHORT symbol:TSLA qt:50 id:trade002
- Close all MSFT positions:
action:CLOSE symbol:MSFT id:trade003
Binance Futures Examples
- Buy 0.1 BTC futures:
action:LONG symbol:BTCUSDT qt:0.1 id:crypto001
- Short 1 ETH futures:
action:SHORT symbol:ETHUSDT qt:1 id:crypto002
- Close all ADA positions:
action:CLOSE symbol:ADAUSDT id:crypto003
Important Notes
- Exchange Detection: Traderelay automatically detects which exchange to use based on the symbol format
- Stock Symbols: Use standard ticker symbols (AMD, AAPL, TSLA) for Interactive Brokers
- Crypto Symbols: Use USDT futures pairs (BTCUSDT, ETHUSDT) for Binance
- Quantity Format: Stocks use whole numbers, crypto can use decimals
- ID Parameter: Always include a unique ID for tracking and logging purposes
- Case Sensitivity: Commands are case-insensitive (LONG = long = Long)
Common Questions
Can I use fractional shares for stocks?
This depends on your Interactive Brokers account settings. Traderelay will send the exact quantity you specify.
What happens if I use the wrong symbol format?
The order will be rejected. Make sure to use the correct symbol format for each exchange (stocks: AMD, crypto: ETHUSDT).
Do I need different Traderelay instances for different exchanges?
No, one Traderelay instance can handle both Interactive Brokers and Binance simultaneously if both are configured.
Can I modify the quantity after sending a command?
No, commands are executed immediately. You would need to send a new CLOSE command and then a new LONG/SHORT command with the desired quantity.