Automation

Automated Trading to IBKR

Automate your TradingView alerts and strategies with PickMyTrade and seamlessly connect to Interactive Brokers for both live and paper trading accounts.

5-days free trial

No Card Required

Unlimited Trade

Basic Workflow

How It Works

1

Set Your Rules in PickMyTrade

  • Choose your broker (IB).
  • Define trade actions (Buy, Sell, Close).
  • Configure quantity, stop loss, take profit, and risk parameters.

2

Copy Alert Details to TradingView

  • Generate alert code in PickMyTrade.
  • Paste into TradingView alert message.
  • Add your webhook URL.

3

Let Automation Take Over

  • When your TradingView alert triggers, PickMyTrade instantly sends the order to IB.
  • Trade execution happens without you lifting a finger.

Key features

Why Traders Choose PickMyTrade

Multiple Alert Types

Automate trades using either indicator-based alerts or strategy-based alerts from TradingView. This flexibility ensures your automation works seamlessly with any trading style, from technical analysis to fully coded strategies.

Indicator Alerts

Strategy Alerts

Instant Execution

Seamless Integration

Flexible Symbol Mapping

Trade exactly the asset you want — even if your alert is on a different one. Map symbols freely (e.g., alert on NQ, trade MNQ) or stick to one-to-one mapping for precision.

Cross-Symbol Mapping

Precision Targeting

Flexible Configurations

Smart Quantity Settings

Control trade size your way: set a fixed quantity or use dynamic risk-based sizing that adjusts according to your stop loss and risk percentage, ensuring consistent risk management.

Fixed Quantity

Risk Percentage

Auto Size Adjustment

Risk Protection

Advanced SL & TP Options

Choose from multiple stop loss and take profit calculation methods: by points, percentage, ticks, exact price, or total profit/loss per contract — giving you complete control over trade exits.

Points / Dollars

Percentage

Price Variables

Ticks

Profit/Loss per Contract

Multiple Account Support

Link multiple IB accounts to one PickMyTrade profile and control execution individually with multipliers or risk-based sizing. Perfect for managing multiple portfolios.

Multi-Account

Quantity Multiplier

Risk-Based Allocation

One-Click Setup

Example

Fast & Accurate Execution

This example illustrates how precision and speed transform market prospects into actionable trades. The strategy buys NQ at 21,891, setting a stop loss at 21,841 and a take profit at 21,991, which is 100 points above. With 10 contracts, trade parameters are well defined, capping potential loss at $10,000 and profit at $20,000.

As soon as the alert goes off on TradingView, PickMyTrade places the order immediately, ensuring no gap exists between signal and market order. This level of system automation provides unwavering adherence to a trading plan without the need for a manual trader, even during periods of high volatility.

Entry Point

BUY NQ 21,891.00

NASDAQ-100 E-mini Futures

Position Size

10 Contracts

$20 per point multiplier

Stop Loss

21,841.00

-50 points risk

Take Profit

21,991.00

+100 points target

Risk Analysis

Maximum Risk

$10,000

50 pts × $20 × 10 contracts

Risk per contract: $1,000

Maximum Profit

$20,000

100 pts × $20 × 10 contracts

Risk/Reward Ratio: 1:2

General Setup and Connection

Frequently Asked Questions

What is the primary purpose of automating TradingView strategies for options and futures options in Interactive Brokers?

Automation guide helps configure alerts, symbols, SL/TP rules, and multi-account execution using PickMyTrade for options and futures trading.

What are the essential options trading terms I should understand before setting up automation?

Call Option, Put Option, In-The-Money (ITM), Out-Of-The-Money (OTM), Strike Price, Expiration Date, Premium, Lot Size.

Account & Platform Setup

How do I prepare my Interactive Brokers account for TradingView automation with PickMyTrade?

Install IBKR’s Trader Workstation (TWS), log in, and connect via PickMyTrade’s "IB Connection".

What should I do if I experience connection issues with my Interactive Brokers account?

Ensure account is active and try reconnecting.

Where can I find support for PickMyTrade if I need assistance?

Email: [email protected] or join Discord community.

Alerts & Strategy Configuration

What types of alerts can I configure in TradingView for automation with Interactive Brokers?

"INDICATOR" alerts (based on indicators) and "STRATEGY" alerts (predefined strategies).

How do I set up the alert in TradingView after generating the JSON payload in PickMyTrade?

Copy alert code from PickMyTrade → Paste in TradingView alert message → Add webhook URL → Create Alert.

What information is included in the JSON alert generated by PickMyTrade?

Includes symbol, trade action, quantity, SL/TP, price, expiry date, option type, multiple accounts, etc.

Instrument & Trade Settings

Which instrument types are supported for automated execution in Interactive Brokers?

Futures, Futures Options, Options, Stocks.

How do I specify whether I'm trading a Call or Put option?

Select "Call" for expecting a price rise, "Put" for expecting a price fall.

What are the different ways to configure the strike price for options?

Strike Away, ATM, ITM, OTM.

Is it mandatory to enter an options symbol in PickMyTrade for accurate mapping?

Optional—only required if SL/TP is based on tick size or total loss.

Trade Management & Execution

How does PickMyTrade manage strategy exits from TradingView, especially with multiple exit levels?

If Multiple Exits = Yes, IBKR relies on TradingView strategy exits; If not, SL/TP can be set in IBKR.

Can I execute trades across multiple Interactive Brokers accounts?

Yes—supports subaccounts or multiple logins with unique tokens.

Stop Loss / Take Profit (SL/TP) Configuration

What are the different Stop Loss/Take Profit types available for Interactive Brokers orders?

Point/Dollar, Percentage, Price, Ticks.

How are SL/TP calculated for options with "Point/Dollar" type?

SL/TP in USD ± entry price × lot size × quantity.

How are SL/TP calculated for options with "Percentage" type?

SL/TP price = entry price × (1 ± %).

How are SL/TP calculated for options with "Ticks" type?

Ticks × tick size × contracts = total loss/profit.

Contact Us

Got any queries?

We’re here to help! Join our community on Discord or email us directly.