How to Place Trades in Multiple Accounts from a Single Alert
How to Place Trades in Multiple Accounts: Example Alert Structure
Code
{
"symbol": "{{ticker}}",
"date": "{{timenow}}",
"data": "buy",
"quantity": "3",
"risk_percentage": "0",
"price": "{{close}}",
"tp": "0",
"sl": "0",
"trail": "0",
"update_tp": "false",
"update_sl": "false",
"token":
"At1tGt9tTt834345tWtEt8tYtMtRt712",
"duplicate_position_allow":
"false",
"reverse_order_close": "true",
"account_id": "",
"multiple_accounts":
[
{
"token":
"At1tGt9tTt3453458tWtEt8tYtMtRt712",
"account_id":
"DEMO291396",
"risk_percentage":
"0",
"quantity_multiplier":
"2",
},
{
"token":
"At1tGt9tTt3453458tWtEt8tYtMtRt712",
"account_id":
"DEMO291396",
"risk_percentage":
"0",
"quantity_multiplier":
"2",
}
],
}
How to Place Trades in Multiple Accounts from a Single Alert
We've introduced a powerful feature that streamlines your trading
process: the ability to execute trades across multiple accounts of
Rithmic using a single alert from TradingView. Whether you're
managing 10 or 100 client accounts, this feature simplifies your
workflow.
It would allow you to place Trade in all accounts listed in your
Rithmic Login and You can automate other user trades in Rithmic as
well. This works like a Trade copier to Rithmic.
In case you want to automate other user trades from Trading view
to Rithmic then they have to create PickMyTrade account and connect
their Rithmic account with PickMyTrade and share their token and
account name with you.
Step 1: Click on Add Multiple account in Generate Alert
Step 2: And then Click Add User
Step 3: You then Add User and in case you want to add Your account
then PickMyTrade token should be of your account. In case you want to
automate your friend account then you need to ask their PickMyTrade
token and Rithmic Account name.
Please check this page to understand complete process to setup alerts
Understanding the multiple_accounts Tag
- token: The unique token identifying the user's account. (e.g., your client's token or the token for an account you manage)
- account_id: The specific Rithmic account ID where the trade should be placed for that user.
- risk_percentage: (Optional) Control trade quantity based on account value and stop loss. If used, set quantity to 0 and. Calculation for qty would be like this : quantity = ((account_value_in_Rithmic * risk_percentage) / 100) / abs(sl price - entry price) / lotsize. In the case of Trading Strategy, you can’t do risk percentage.
- quantity_multiplier: (Optional) Adjust the quantity for individual accounts. If the main quantity is 3 and you want 50% for this account, set it to 0.5.
Important Notes
- Unlimited Accounts: The multiple_accounts tag can accommodate an unlimited number of accounts.
- Specify All Accounts: When using multiple_accounts, include all your target accounts within this tag. Don't leave any out