Automation
Automate your TradingView alerts and strategies with PickMyTrade and seamlessly connect to TradeLocker 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 TradeLocker 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 Connection and Setup
To connect your TradeLocker account, first log in to both your TradeLocker and PickMyTrade accounts. In the PickMyTrade dashboard, click "TradeLocker Connection," then "Add New Connection." You will need to enter your TradeLocker username (typically your email), password, environment (Demo or Live), and the server name provided by your broker.
You need four key pieces of information:
1: Your TradeLocker username (email).
2: Your TradeLocker password.
3: Your account type (Demo or Live).
4: The server name provided by your broker or proprietary trading firm.
Your server name is available on the TradeLocker login screen. If you are still unsure, you should contact your broker or proprietary trading firm for assistance.
A connection can fail due to incorrect login details or a mismatched environment. Double-check that your username, password, server name, and environment (Demo/Live) are entered correctly in PickMyTrade and match your TradeLocker account details exactly.
Automating TradeLocker Trades with TradingView
You can specify the symbol you want to trade directly in PickMyTrade. This is mandatory for certain stop-loss types like 'Ticks' or 'Total Profit/Loss.' If you leave the symbol field blank, PickMyTrade will default to using the symbol from your TradingView chart.
Yes. You can set up your TradingView alert using one symbol (e.g., BTCUSD) and then specify a different symbol (e.g., ETHUSD) in the PickMyTrade symbol field for execution.
Managing Exits and Account Settings
If your TradingView strategy includes its own exit rules (e.g., multiple take-profits), you should allow the strategy to manage them. If your strategy does not handle exits, you must manually configure your preferred Stop Loss and Take Profit settings directly within the PickMyTrade platform.
You can assign multiple TradeLocker accounts to a single PickMyTrade alert configuration. Simply add each account in the "Add Account" section, specifying the connection name, account name, and your preferred trade sizing option (Quantity Multiplier or Risk Percentage) for each.
Quantity Multiplier: This option multiplies the trade size generated by
your strategy. For example, a multiplier of '2' will double the number of contracts or units
traded.
Risk Percentage: This option automatically calculates the trade size so
that each trade risks a specified percentage of your account capital (e.g., 2%).
Finalizing the Automation to TradeLocker
After configuring everything in PickMyTrade, click "Generate Alert" and then "Copy Webhook URL." In TradingView, create a new alert, paste the alert code from PickMyTrade into the 'message box,' and paste the webhook URL into the 'Webhook URL' field. Finally, click "Create Alert."
You can push trades to a different PickMyTrade account. You'll need to use the token from the target account and ensure the TradeLocker connection name and account name are an exact match in both accounts.
Troubleshooting and Advanced Setup
First, double-check that you've entered all your login credentials: username, password, environment (Demo/Live), and server exactly as they appear in your TradeLocker account. Mismatched information is the most common cause of connection failures. If the issue persists, contact your broker to confirm your account details.
Yes, PickMyTrade supports strategies with multiple exits. However, in this case, you should not configure additional Stop Loss or Take Profit settings in the PickMyTrade dashboard, as the strategy itself will manage these exits.
The guide mentions that you'll need a token from the target PickMyTrade account to push trades to it. This token can be found within the settings of the target PickMyTrade account. You'll need to use this token along with the correct TradeLocker connection name and account name from that same target account.
Yes. The provided text mentions that PickMyTrade can automate trades on other platforms like Rithmic, Interactive Brokers, TradeLocker, and ProjectX. You can explore the setup guides for these platforms on the PickMyTrade website.
There are a few things to check:
Webhook URL: Ensure you have correctly copied the webhook URL from
PickMyTrade and pasted it into the
webhook URL field in TradingView.
Alert Code: Make sure you have copied the alert code from PickMyTrade and
pasted it into the 'message'
box of your TradingView alert.
Connection: Confirm that your TradeLocker connection in PickMyTrade is
active and that the account you
assigned is correct.
Strategy: Verify that your TradingView strategy is actually generating
buy and sell signals.
Token: If you are pushing trades to a different PickMyTrade account,
check that the token is correct and
the target account has the TradeLocker connection set up.
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