Automate stock trading strategies using TradingView alerts and execute trades seamlessly through supported brokers. PickMyTrade enables traders to automate equity entries, exits, and risk management while removing manual execution from the workflow.
This page covers Stocks (Equities) as an asset class. Broker-specific setup guides are linked where applicable.
Automated stock trading allows you to convert TradingView indicator or strategy alerts into live stock orders at your broker. Instead of placing trades manually, PickMyTrade listens for alerts, applies predefined execution and risk rules, and executes trades automatically.
This enables faster execution, reduced emotional bias, and consistent risk management — while keeping full control over your TradingView logic.
PickMyTrade integrates directly with TradingView and supported stock brokers to make equity automation reliable and scalable.
A TradingView indicator or strategy alert fires based on your configured conditions.
PickMyTrade determines Buy, Sell, or Close action, order quantity or risk-based sizing, order type, and Stop Loss/Take Profit logic.
Stop Loss, Take Profit, and exit rules are applied automatically based on your configuration.
The stock order is routed to your connected broker and executed instantly.
PickMyTrade supports both TradingView alert types for stock automation.
| Alert Type | When to Use |
|---|---|
| INDICATOR | RSI, EMA, VWAP, custom indicators |
| STRATEGY | Pine Script strategies with defined entries and exits |
Use INDICATOR alerts when exits are managed by PickMyTrade.
Use STRATEGY alerts when exits are fully controlled in TradingView.
Understanding these concepts is essential for effective automated stock trading.
| Term | Explanation |
|---|---|
| Equity | Ownership share in a publicly traded company |
| Long | Buy shares expecting price to rise |
| Short | Sell shares expecting price to fall |
| Order Type | Market or Limit (broker dependent) |
| Position Size | Number of shares traded |
| Tick Size | Minimum price movement |
| Margin | Borrowed capital used if margin trading is enabled |
PickMyTrade provides broker-aware risk controls for equity trading.
Trailing Stop Loss is not supported for automated stock trading via PickMyTrade.
PickMyTrade supports automated stock trading across the following brokers. Feature availability depends on broker execution rules.
| Broker | Indicator Alerts | Strategy Alerts | Short Selling |
|---|---|---|---|
| Interactive Brokers | ✓ | ✓ | ✓ |
| TradeStation | ✓ | ✓ | ✓ |
Short selling availability depends on broker permissions and account configuration.
Orders are executed using market or limit logic supported by the broker.
| Action | Result |
|---|---|
| Buy | Opens a long stock position |
| Sell | Closes a long position or opens a short position |
| Close | Closes all open stock positions |
Execution behavior follows broker-side rules.
PickMyTrade allows stock automation across:
Under one login
Separate PickMyTrade accounts
Per account scaling
This enables strategy replication and controlled scaling using a single TradingView alert.
PickMyTrade currently supports automated stock trading with:
Trade liquid stocks and ETFs
Confirm short-selling permissions in your broker account
Use defined risk per trade
Avoid illiquid symbols
Keep automation logic simple
Stock trading involves market risk and potential losses. Automated systems execute strictly based on predefined rules and may not react to sudden market conditions.
PickMyTrade does not provide trading signals or investment advice. Always test strategies in simulation before deploying live capital.
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Automated stock trading allows you to convert TradingView indicator or strategy alerts into live stock orders at your broker. PickMyTrade listens for alerts, applies predefined execution and risk rules, and executes trades automatically — enabling faster execution, reduced emotional bias, and consistent risk management.
PickMyTrade currently supports automated stock trading with Interactive Brokers and TradeStation. Both brokers support indicator alerts, strategy alerts, and short selling capabilities.
PickMyTrade provides Stop Loss methods including Dollar (USD), Percentage, Ticks, and TradingView plot values. Take Profit methods include fixed targets, percentage-based targets, and strategy-controlled exits. Note: Trailing Stop Loss is not supported for automated stock trading.
Yes! PickMyTrade allows stock automation across multiple broker accounts under one login, multiple PickMyTrade accounts, and quantity multipliers per account. This enables strategy replication and controlled scaling using a single TradingView alert.
No coding required! PickMyTrade is a no-code solution. Simply connect your broker, configure TradingView alerts with the webhook URL, and your trades execute automatically. Setup takes under 5 minutes.