SignalStack Review – Code-Free Trading Automation

SignalStack is a trading automation tool from the creators of TrendSpider. It allows you to trigger trades with your brokerage based on alerts in trading platforms like TrendSpider and TradingView. There’s no coding required and the system is surprisingly easy to set up.

Can SignalStack help you automate your trading? Find out in our SignalStack review.

SignalStack Pricing Options

SignalStack offers 25 automated trading signals for free, giving you a chance to test out the platform. After that, you can buy signal credits a la carte on a sliding price scale:

• 50 signals for $74.50 ($1.49/signal)
• 100 signals for $119 ($1.19/signal)
• 200 signals for $218 ($1.09/signal)
• 400 signals for $396 ($0.99/signal)
• 1,000 signals for $890 ($0.89/signal)
• 2,000 signals for $1,580 ($0.79/signal)
• 5,000 signals for $3,450 ($0.69/signal)
• 10,000 signals for $5,900 ($0.59/signal)

Keep in mind you will also need a TrendSpider or TradingView subscription in order to create alerts.

How Does SignalStack Work?

SignalStack works by converting alerts in your charting and analysis platform—TrendSpider or TradingView—into executable signals that are sent to your brokerage. In other words, triggering a chart-based alert in TrendSpider or TradingView will result in a trade being opened or closed in your brokerage account.

The system is very easy to set up and doesn’t require any coding. To start, you need to create a webhook (essentially a URL link) for your brokerage. Just sign into your brokerage account through SignalStack to generate the appropriate webhook.

Once you have a webhook, move over to TrendSpider or TradingView and create an alert. The alert can be for whatever you want: a stock crossing a price threshold, a 5% move up or down, a chart pattern forming, or anything else.

In the alert settings, look for the box titled ‘Webhook URL’ and paste in the webhook for your broker. Now, when the alert is triggered, TrendSpider or TradingView will send a message to SignalStack, which will pass it on to your broker. That message can tell your broker to open or close a trade.

You must specify the message to send to your broker in the alert settings in TrendSpider or TradingView. SignalStack makes this simple by offering broker-specific example messages that you can copy. For example, to open a limit order on Apple stock at $190 with TD Ameritrade, the message you need to paste into your alert is:

{

  “symbol”: “AAPL”,

  “action”: “buy”,

  “quantity”: 123,

  “limit_price”: 190.00

}

The message syntax for each broker is a little bit different, but SignalStack’s documentation makes it really easy to get this right.

If you want to create an alert in TradingView or TrendSpider that doesn’t trigger a trade, simply uncheck the webhook box in the alert settings. You can also modify the message at any time, which changes the order that your broker will receive from an alert.

Test Webhooks

SignalStack also lets you create test webhooks for each broker it supports. These work just like normal webhooks, except that SignalStack won’t pass the message from an alert onto your broker. The point of a test webhook is to ensure that SignalStack is receiving messages from your analysis platform.

Alerts Log

SignalStack keeps a detailed log of every webhook you create and every message it receives from a triggered alert. The log can be a little bit challenging to read, since it’s packed with webhook URLs, alert names, messages, and more. However, it lets you see exactly what was sent to your broker and when.

Some brokers will also respond to messages from SignalStack with information about an order execution, including whether an order was filled and at what price. These messages are also displayed in the SignalStack log.

SignalStack Compatible Platforms

SignalStack works with TrendSpider and TradingView. You can also send messages to SignalStack using IFTTT and Zapier, which have integrations for a wide range of financial apps. The process for adding webhooks and messages to IFTTT and Zapier alerts is similar to the process for TrendSpider and TradingView, but these platforms need to have appropriate integrations in order to trigger alerts in the first place.

On the brokerage side, SignalStack works with a very wide range of platforms. Compatible stock brokers include:

• TD Ameritrade
• Interactive Brokers
• E*Trade
• Alpaca
• Tradier
• Capital.com
• And more

SignalStack also works with crypto exchanges including Coinbase, KuCoin, and Gemini.

What Type of Trader is SignalStack Best For?

SignalStack is a very unique platform designed to help you automate your trading. It differs from existing solutions in a few key ways.

First, SignalStack’s capabilities are unique from what’s possible using the native brokerage integrations in TradingView. Those integrations allow you to trade from the charting platform without switching over to your broker’s trading interface. However, there’s currently no way to fully automate trading strategies in TradingView.

TrendSpider doesn’t offer any way to integrate a brokerage for trading.

Note that if you don’t use TradingView or TrendSpider, you may still be able to use SignalStack with IFTTT or Zapier. But traders who use these popular charting platforms to create alerts will get the most out of SignalStack.

Second, SignalStack gives you more control over automated trades than other platforms. Many automated trading tools rely on bots that use pre-programmed strategies. These bots are designed to look for one specific pattern or setup and trade that.

With SignalStack, you aren’t creating bots, but rather individual alerts on a specific ticker. You can set multiple alerts that trigger under different conditions and strategies. Creating alerts is a much more manual and time-intensive process than creating trading bots, but you also end up with a much higher degree of control over what trades get executed.

Overall, SignalStack is a powerful solution for traders who want to go beyond alerts to automated trade execution. It’s impressively easy to turn alerts into trades using SignalStack. Traders who want to automate a trading strategy might find that SignalStack takes too much manual work. But traders who want to combine automation with careful oversight can really benefit this service.