Adding Multiple Take Profits & Stop Losses Using PickMyTrade (Strategy Workaround)

3 min read

This walkthrough explains how to add multiple take-profit and stop-loss targets to any TradingView strategy using PickMyTrade — even if the strategy itself only supports a single exit. You’ll generate an alert template inside PickMyTrade, customize it for strategy signals, and run it with fixed position size to unlock multi-target automation in live trading.

1. Open PickMyTrade → Generate Alert #

Go to the Generate Alert section and choose:

  • Indicator
  • Select your symbol (example: MNQ1!)
  • Alert Type: BUY (this is temporary — you will replace it later)
  • Order Type: MARKET
  • Quantity: Enter a fixed total quantity, e.g., 5

Note: This method does not allow dynamic quantity from strategy. Quantity must be fixed here.

2. Enable Multi-TP / Multi-SL #

Select “Do you want SL/TP?” → Yes
Then enable: Multiple TP/SL

Now configure each exit. Example:

Target 1 #

  • Quantity: 2
  • Type: Point/Dollar
  • SL: 10 points
  • TP: 10 points

Target 2 #

  • Quantity: 2
  • SL: 10 points
  • TP: 15 points

Target 3 #

  • Quantity: 1
  • SL: 10 points
  • TP: 20 points

Now you have 5 contracts split across 3 different exits.

3. Add Account #

Click Add Account, choose your account, and confirm.

PickMyTrade will generate a code template.
Copy the JSON.

4. Modify the Code for Strategy Alerts #

Paste the generated JSON into a text editor.

You’ll now make ONLY One required changes:

Replace static BUY/SELL with strategy signal #

Find:

"data": "buy"

Replace with:

"data": "{{strategy.order.action}}"

This lets your TradingView strategy send either “buy” or “sell” into PickMyTrade automatically.

5. Final JSON Example #

Showing the modified sample code:

{
	"symbol": "MNQ1!",
	"date": "{{timenow}}",
	"data": "{{strategy.order.action}}",
	"quantity": 5,
	"risk_percentage": 0,
	"price": "{{close}}",
	"gtd_in_second": 0,
	"stp_limit_stp_price": 0,
	"update_tp": false,
	"update_sl": false,
	"breakeven_offset": 0,
	"token": "PickMyTrade_token",

	"pyramid": false,
	"same_direction_ignore": false,
	"reverse_order_close": true,

	"order_type": "MKT",

	"advance_tp_sl": [
		{
			"quantity": 2,
			"tp": 0,
			"percentage_tp": 0,
			"dollar_tp": 10,
			"sl": 0,
			"percentage_sl": 0,
			"dollar_sl": 10,
			"breakeven": 0,
			"breakeven_offset": 0,
			"trail": 0,
			"trail_stop": 0,
			"trail_trigger": 0,
			"trail_freq": 0
		},
		{
			"quantity": 2,
			"tp": 0,
			"percentage_tp": 0,
			"dollar_tp": 15,
			"sl": 0,
			"percentage_sl": 0,
			"dollar_sl": 10,
			"breakeven": 0,
			"breakeven_offset": 0,
			"trail": 0,
			"trail_stop": 0,
			"trail_trigger": 0,
			"trail_freq": 0
		},
		{
			"quantity": 1,
			"tp": 0,
			"percentage_tp": 0,
			"dollar_tp": 20,
			"sl": 0,
			"percentage_sl": 0,
			"dollar_sl": 10,
			"breakeven": 0,
			"breakeven_offset": 0,
			"trail": 0,
			"trail_stop": 0,
			"trail_trigger": 0,
			"trail_freq": 0
		}
	],

	"multiple_accounts": [
		{
			"token": "pickmytrade_token",
			"account_id": "1_account_id",
			"risk_percentage": 0,
			"quantity_multiplier": 1
		}
	]
}

Do not modify advance_tp_sl or multiple_accounts.
They remain exactly as generated.

Note: PickMyTrade will always use the quantity configured in its alert JSON, not the quantity defined in your Pinescript strategy. The strategy’s quantity is ignored.

6. Add This Modified JSON Into Your TradingView Strategy Alert #

Create a new strategy alert in tradingview and paste the updated JSON into the Message Box along with Webhook URL.

Now your strategy can:

✓ Send BUY/SELL signals
✓ Use multiple TPs & SLs
✓ Execute automatically in PickMyTrade
✓ Maintain fixed total quantity

Important Limitations #

❌ You cannot pull quantity from strategy (strategy.position_size).
Quantity must be hardcoded during alert generation.

❌ If your strategy already has built-in multiple TP/SL logic, do not use this method.
Instead, directly generate alerts from strategy using PickMyTrade’s default multiple-TP option.

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