Direct Connection with SignalStack Using Webhook

TrendSpider allows you to send webhooks to your broker through SignalStack.   Webhooks are a way for you to send messages between applications.  In this case, you would triggering an alert from TrendSpider, and routing it to your brokerage account via SignalStack.  Additionally, you can manually execute trades from within the platform by logging into your SignalStack account inside of the Trading Widget, located on the bottom of the right panel.

Please follow the stages outlined below to get started.

Stage I: Connect to Stock Broker or Cryptocurrency Exchange

Step 1: Navigate to your SignalStack account and click on the Brokers & Webhooks from the left.

Select Brokers & Webhooks option

Step 2: Click on the Connect Broker from the top-right corner of the interface and select the stock broker or cryptocurrency exchange to which you want to automate order execution.

From Connect broker select any broker or exchange

Step 3: Click on the Continue button to proceed further.

Click Continue

Next, you will need to authorize SignalStack to access your stock broker or cryptocurrency exchange.

If you want to connect to a cryptocurrency exchange like Coinbase, then you will need to submit the API credentials of your exchange that can be fetched from the account settings. To make this process easy for you, SignalStack offers the link to the exchange's documentation explaining the steps to fetch the API credentials.

For more click on See more

On the other side, if you are trying to connect to your stock broker like InteractiveBrokers, then you will need to enter the broker's login credential to authorize the connection.

Enter broker's login credentials

Stage II: Generate Webhook URL

Step 1: Click on the Brokers & Webhooks from the left.

Select Brokers & Webhooks option

Step 2: Click on the Create Webhook button on your stock broker or cryptocurrency exchange account for which you want to create the webhook.

Click on the Create webhook

As a result of this action, a Webhook URL will be created and added to your account. Copy the SignalStack Webhook URL as it will be used to establish a connection with TrendSpider.

Webhook URL will be created and added

Note: You can also create the test webhook connection (sample) first and assess the workflow before generating the live webhook URL.

Click the create test webhook

Stage III: Connect to TrendSpider

While creating the Trading Bot in TrendSpider or setting up Dynamic or Multi-Factor Alert, you can configure the notification with a SignalStack webhook URL, as generated in the previous stage above, and send it in the JSON format like the following:

Sample Webhook Payload (JSON) featuring symbol, action, and quantity:

{"symbol":"AAPL","quantity":1,"action":"buy"}

Whenever TrendSpider will send the alert to SignalStack via Webhook, SignalStack will automatically send it to the connected broker or cryptocurrency exchange to execute the action defined in the Webhook Payload.

Oct 3, 2024

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