1. Introduction #

PickMyTrade enables seamless trade execution from TradingView to Tradovate by automatically mapping symbols, managing order types, and ensuring precise trade replication across accounts. This guide provides a structured walkthrough of the key settings required to optimize trading automation and execution.

For a visual walkthrough, refer to the accompanying video: #

2. Symbol Mapping in PickMyTrade #

2.1 What is Symbol Mapping? #

TradingView symbols do not always match Tradovate symbols. PickMyTrade automatically maps TradingView symbols to their correct Tradovate equivalents to ensure accurate trade execution.

Example:

• TradingView sends a trade signal for NQ.
• PickMyTrade maps it to NQM5 (the correct Tradovate symbol).
• This ensures that Tradovate understands and executes the trade correctly.

2.2 How to Check Symbol Mapping #

• Navigate to Settings in PickMyTrade.
• Use the Search Bar to check if a symbol is mapped. (Example: Searching for NQ will display its current mapping.)

Symbol: Symbols from TradingView

Local Symbol: Symbols from Tradovate

3. Create Settings #

Before trading automation can function correctly, PickMyTrade must recognize the correct symbols, order types, and execution parameters. While Symbol Mapping automatically links TradingView symbols to their Tradovate equivalents, sometimes a symbol may not be found in the mapping. In such cases, you need to manually add it using Create Settings.:

1. Navigate to Create Settings: Open PickMyTrade and go to the Create Settings section.
2. Click on “Create Settings”: This will open a form where you can enter the required trading parameters.
3. Fill in the following fields:
   • Symbol: Enter the TradingView symbol (e.g., NQ1!).
   • Order Type: Select the order type (MKT for Market Order, LMT for Limit Order).
   • Quantity: Define the trade size (e.g., 1).
   • Min Tick: Specify the minimum tick size (e.g., 0.25).
   • Lot Size: Set the lot size (e.g., 20).
   • Tradovate Symbol: Enter the equivalent Tradovate symbol (e.g., NQM5).
   • Stop Loss in Points/USD: Define the stop loss amount to be added or subtracted from the entry price (default: 0).
   • Stop Loss in Percentage: Optionally, enter a percentage-based stop loss.
   • Take Profit in Points/USD: Set the take profit amount (default: 0).
   • Take Profit in Percentage: Optionally, enter a percentage-based take profit.
   • Entry Offset in Ticks: Adjust the entry price by adding or subtracting ticks before order execution (default: 0).
   • Entry Offset in Percentage: Optionally, define an offset percentage.
   • Override Mapping: Enable this if you want to manually control symbol mapping (Note: Auto-Rollover will not work if enabled).
4. Save your settings. Once done, these configurations will be applied automatically to incoming trade signals.

4. Stop Loss & Take Profit Configuration #

Key Takeaway: No need to configure SL/TP in settings anymore! They are managed directly in TradingView alerts.

5. Order Types & Entry Offset #

5.1 Order Types Supported #

• Market Order: The default order type.
• Limit Order: Requires additional settings.

5.2 Configuring Limit Orders in PickMyTrade #

Using a Different Chart Symbol:

• Example: If you’re analyzing Apple (AAPL) but want to place a trade for NQZ4, you can manually set this mapping in settings.

5.3 Setting Order Quantity #

• Define the trade quantity directly in TradingView alerts instead of settings.

5.4 Using Entry Offset for Limit Orders #

What is Entry Offset? It adjusts the price of a Limit Order relative to the current market price, increasing the likelihood of execution without converting it into a Market Order.

Example:

• Market price: 100
• Entry Offset: -2
• Final order price: 102 (100 + 2 ticks)

Key Takeaway: Entry Offset helps place limit orders closer/further from market price, making it act like a “controlled market order”.

6. Override Mapping & Auto-Rollover Settings #

6.1 Override Mapping #

Important: If you enable Override Mapping, Auto-Rollover will NOT work!

What is Override Mapping? It allows you to manually edit symbol mappings, which is useful when trading a different contract than the system’s default mapping.

Example:

• Changing NQZ4 (December 2024) to NQM5 (March 2025) manually.

6.2 How to Enable Override Mapping #

• Go to Settings > Create Settings.
• Enable the “Override Mapping” checkbox to apply manual changes.
• Confirm that the lot size & tick size are correct.

Key Takeaway: If you override a symbol manually, you must update it when the contract expires—Auto-Rollover will NOT happen.

6.3 Auto-Rollover in PickMyTrade #

What is Auto-Rollover? Auto-Rollover automatically updates contracts when they expire.

Example:

• If NQZ4 (December 2024) expires, it will automatically roll over to NQH5 (March 2025).

How Auto-Rollover Works:

• By Default: Auto-Rollover applies automatically four days before contract expiration.
• No Separate Setting: There is no dedicated Auto-Rollover checkbox—it is enabled unless you check “Override Mapping” in the settings.

Important: If you enable Override Mapping, Auto-Rollover will NOT happen.

1. Setting Name: “Override Mapping (if you override default mapping then automatic rollover would not happen)”
2. Effect: If this box is checked, you are manually controlling the contract mapping, and the system will not automatically roll over contracts.

Handling Open Orders During Rollover

1. If Auto-Rollover applies, any new orders will be placed on the new contract.
2. However, existing open trades on the old contract must be manually closed.

7. Lot Size & Tick Size Configuration #

7.1 Why is Tick Size & Lot Size Important? #

These values define price movements in a futures contract. Incorrect values may result in trade execution errors.

7.2 How to Find Tick Size & Lot Size in TradingView #

• Open TradingView and select the instrument.
• Go to Security Info.
• Note the values:
  • Point Value: Lot Size
  • Tick Size: Minimum price movement
• Enter these values in PickMyTrade settings.

Key Takeaway: If lot size & tick size don’t match, orders may not execute properly.

8. Final Takeaways #

• If you manually change a contract (Override Mapping), Auto-Rollover will NOT work.
• Auto-Rollover moves trades to the next contract four days before expiration.
• Stop-Loss & Take-Profit are now configured in TradingView alerts, not settings.