How to Set Up Automatic Position Closing for Exchange Contracts Using TVCBOT and TradingView

This guide demonstrates how to configure a timed position-closing script that triggers market-closing signals during specific hours—ideal for automating trades while you sleep or work. By connecting to TVCBOT's full-position liquidation signal, the system ensures hands-free position management.

Core Functionality

The Pine Script below generates closing signals at user-defined times when paired with a 1-minute TradingView chart:

//@version=5
indicator("TVCBOT Timed Position Close", overlay=true)
h = input.int(00, "Close Hour", minval=0, maxval=23, step=1)
m = input.int(00, "Close Minute", minval=0, maxval=59, step=1)
offset = input.int(8, "Timezone (Default UTC+8)", minval=-20, maxval=20)
// Note: Script uses UTC+8 by default.
label1 = label.new(bar_index, low, text="Current Time - " + str.tostring(hour+offset) + ":" + str.tostring(minute), style=label.style_label_up, color=color.white)
label.set_x(label1, bar_index)
label.delete(label1[1])
alertcondition(hour+offset==h and minute==m, title='Timed Close Signal', message='Timed Close Signal')

Configuration Steps

1. Script Setup

Copy the code into TradingView’s Pine Editor.
Apply it to a 1-minute chart of your trading pair.

2. Time Adjustment

Click the indicator’s settings icon (top-left).
Set your desired closing hour/minute under Close Hour and Close Minute.
Adjust Timezone if needed (default: UTC+8).

3. Alert Creation

Click "Alert" → "Create Alert".
In TVCBOT:
- Navigate: Account → Select Trading Pair → Choose Indicator.
- Select "Market Close All" and your margin mode.
- Generate the alert and copy its message.
Paste the message into TradingView’s "Message" field.
Under "Notification", add TVCBOT’s WebHook URL.

👉 Optimize your alerts with TVCBOT’s advanced tools

Managing Alerts

Active Alerts: Listed on the left panel; delete to stop auto-closing.
Troubleshooting: Ensure chart timeframe matches script requirements (1-minute).

FAQ

Q1: Can I set multiple closing times?

No. The script triggers once daily at the specified time. For multiple intervals, duplicate the script with different settings.

Q2: Why isn’t my alert triggering?

Verify the timezone offset matches your location.
Check that the chart’s timeframe is 1-minute.

Q3: Is this script compatible with all exchanges?

Yes, but ensure your exchange supports API integrations via TVCBOT.

👉 Explore supported exchanges here

Pro Tips

Test the script during low-volatility periods to avoid unintended liquidations.
Combine with TradingView’s strategy tester to backtest timing accuracy.

By following these steps, you’ll automate position closures seamlessly—whether for risk management or schedule flexibility. Always double-check timezone and exchange compatibility before deployment.