OPEN-SOURCE SCRIPT
Simple Long Only Bot
Long-Only Automated Trading Bot (TradingView + Interactive Brokers)
This is a fully automated, long-only stock trading bot designed to execute systematic trend-following strategies without emotional decision-making.
Built using TradingView alerts and connected to Interactive Brokers via a Python webhook server, the bot automatically places trades based on predefined technical conditions.
📊 How It Works
The bot follows a simple, proven market strategy:
Trades only in uptrends
Enters positions when price confirms momentum above key moving averages
Exits when trend strength weakens
Avoids shorting entirely (long-only exposure)
⚙️ Core Strategy Logic
Uses 50 EMA for entry timing
Uses 200 EMA for trend confirmation
Buys only when the market is in a confirmed uptrend
Exits when price loses short-term trend support
🔔 Automation Flow
TradingView generates a signal
Signal is sent via webhook
Python server receives the signal
Interactive Brokers executes the trade automatically
💡 Key Features
Fully automated execution
No manual trading required
Trend-following logic designed for stability
Works on major ETFs like SPY and QQQ
Can be run in paper trading or live mode
⚠️ Risk Note
This system does not guarantee profits. It is a rule-based trading strategy designed to reduce emotional decision-making and follow long-term market trends.
This is a fully automated, long-only stock trading bot designed to execute systematic trend-following strategies without emotional decision-making.
Built using TradingView alerts and connected to Interactive Brokers via a Python webhook server, the bot automatically places trades based on predefined technical conditions.
📊 How It Works
The bot follows a simple, proven market strategy:
Trades only in uptrends
Enters positions when price confirms momentum above key moving averages
Exits when trend strength weakens
Avoids shorting entirely (long-only exposure)
⚙️ Core Strategy Logic
Uses 50 EMA for entry timing
Uses 200 EMA for trend confirmation
Buys only when the market is in a confirmed uptrend
Exits when price loses short-term trend support
🔔 Automation Flow
TradingView generates a signal
Signal is sent via webhook
Python server receives the signal
Interactive Brokers executes the trade automatically
💡 Key Features
Fully automated execution
No manual trading required
Trend-following logic designed for stability
Works on major ETFs like SPY and QQQ
Can be run in paper trading or live mode
⚠️ Risk Note
This system does not guarantee profits. It is a rule-based trading strategy designed to reduce emotional decision-making and follow long-term market trends.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.