Automation
Automate your TradingView alerts and strategies with PickMyTrade and seamlessly connect to Interactive Brokers for both live and paper trading accounts.
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Unlimited Trade
Basic Workflow
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Key features
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
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
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
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
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
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
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
Automation guide helps configure alerts, symbols, SL/TP rules, and multi-account execution using PickMyTrade for options and futures trading.
Call Option, Put Option, In-The-Money (ITM), Out-Of-The-Money (OTM), Strike Price, Expiration Date, Premium, Lot Size.
Account & Platform Setup
Install IBKR’s Trader Workstation (TWS), log in, and connect via PickMyTrade’s "IB Connection".
Ensure account is active and try reconnecting.
Email: [email protected] or join Discord community.
Alerts & Strategy Configuration
"INDICATOR" alerts (based on indicators) and "STRATEGY" alerts (predefined strategies).
Copy alert code from PickMyTrade → Paste in TradingView alert message → Add webhook URL → Create Alert.
Includes symbol, trade action, quantity, SL/TP, price, expiry date, option type, multiple accounts, etc.
Instrument & Trade Settings
Futures, Futures Options, Options, Stocks.
Select "Call" for expecting a price rise, "Put" for expecting a price fall.
Strike Away, ATM, ITM, OTM.
Optional—only required if SL/TP is based on tick size or total loss.
Trade Management & Execution
If Multiple Exits = Yes, IBKR relies on TradingView strategy exits; If not, SL/TP can be set in IBKR.
Yes—supports subaccounts or multiple logins with unique tokens.
Stop Loss / Take Profit (SL/TP) Configuration
Point/Dollar, Percentage, Price, Ticks.
SL/TP in USD ± entry price × lot size × quantity.
SL/TP price = entry price × (1 ± %).
Ticks × tick size × contracts = total loss/profit.
Contact Us
We’re here to help! Join our community on Discord or email us directly.