FAQs

PickMyTrade is a platform that automates trading strategies from TradingView to Rithmic. By integrating your TradingView account with Rithmic via PickMyTrade, you can automatically execute trades based on alerts you set up in TradingView.

To connect TradingView to Rithmic:

1. Register an account on PickMyTrade and log in.
2. Generate an alert in TradingView for your trading strategy or indicator.
3. Copy the webhook URL from PickMyTrade and paste it into the alert notification section in TradingView.
4. Save the alert. Once triggered, PickMyTrade will automatically execute the trade on Rithmic.

In TradingView alerts, you can use the following placeholders:

1. {{ticker}} for the TradingView symbol.
2. {{timenow}} for the current date and time.
3. {{strategy.order.action}} for buy, sell, or close actions.

PickMyTrade allows you to execute trades across multiple Rithmic accounts using a single TradingView alert. To do this:

1. Generate an alert in PickMyTrade.
2. Add multiple accounts by entering their respective tokens and account IDs.
3. The alert will be executed across all specified accounts when triggered.

PickMyTrade supports various types of orders, including:

1. Market Orders: Executes immediately at the current market price.
2. Limit Orders: Executes at a specified price or better.
3. Take Profit Orders: Closes the trade at a specified profit level.
4. Stop Loss Orders: Closes the trade to limit potential losses.

Yes, you can set up trade quantities based on your Rithmic account value and stop loss settings. By setting the risk_percentage in the alert configuration, PickMyTrade calculates the appropriate quantity for the trade.

A trailing stop is an order that adjusts the stop loss level as the price moves in your favor. To set up a trailing stop in PickMyTrade:

1. Pass the value 1 for the trail parameter in your alert.
2. Set the trail_stop, trail_trigger, and trail_freq to define the distance, trigger amount, and frequency of the trailing stop adjustment.

Yes, you can update existing trades by setting update_tp or update_sl to true in your TradingView alert. This will adjust the take profit or stop loss levels of an open trade without opening a new position.

If an error occurs when an alert is triggered, you can view the details in the alert section of PickMyTrade. Common issues include incorrect message formatting or invalid parameters. You may need to re-copy the code from PickMyTrade to fix the issue.

PickMyTrade support one Rithmic Login with one PickMyTrade account. You can create multiple accounts of PickMyTrade in case you want to connect multiple Login of Rithmic Account. However, you can place trades Rithmic in all the account under one login of Rithmic with only one subscription of PickMyTrade

Yes you can click on top right “Rithmic connected” button and then it would take you to Rithmic screen and there you put credentials of new Rithmic account which you want to use and confirm and then it would connect with your new account and any trade after that would be placed in your new account .

We only have written access for Placing Trades on Rithmic and Setting Risk Parameters and on other stuff we only have read access.

Yes, you can do it after connecting Rithmic with PickMyTrade. You can take free Trial on PickMyTrade for Trade Automation and if it works then only you need to buy subscription.

You can automate unlimited no of strategies /Indicator from TradingView. We are the only company who is giving flat pricing for unlimited strategies.

Step1 :- You need to make sure you can see your alert in TradingView alert logs.
Step2 :- Go to alert tabs in PickMyTrade Home page . There you should be able to see “Alert Status” it shows status there it should be “Order Placed” and Entry Trade Id is present. In case you don’t see like this then refer for this common issues

Common Error and Their Resolutions