1. Introduction #

Automating your TradingView strategies allows you to execute trades on Tradovate instantly—without manual intervention or coding. This guide walks you through the full setup using PickMyTrade, from prerequisites to a real trading example.

Before You Begin #

Make sure you have the following ready before starting:

• TradingView account (Pro, Pro+, or Premium — required for webhook alerts)
• Tradovate account connected to PickMyTrade
• A TradingView strategy or indicator you want to automate
• PickMyTrade account with webhook access enabled
• Demo / Sim account for testing (strongly recommended before live trading)

Having these in place ensures a smooth setup and prevents common errors.

How the Automation Works (High-Level Flow) #

Here’s the complete automation workflow:

TradingView Strategy
→ Alert Triggered
→ Webhook Sent
→ PickMyTrade Processes Signal
→ Tradovate Order Executed

This means TradingView handles when to trade, while PickMyTrade handles how the trade is executed on Tradovate.

For a visual walkthrough, refer to the accompanying video:

2. Understanding TradingView Strategies Supported by PickMyTrade #

PickMyTrade supports three distinct strategy types for automation. The table below provides an overview of each strategy, its characteristics, and compatibility with Take Profit and Stop Loss settings in PickMyTrade.

Strategy Type	Description	Automation Supported	Supports TP & SL?
Continuous Position Strategy	Maintains an open position (long or short) at all times. Exits the current position only when switching to a new one. Ensures constant market exposure with no downtime between trades.	Yes	Yes
Flat Position Strategy	Opens and fully closes a trade before entering a new one. No overlap of positions. Offers a cautious approach by ensuring previous positions are closed before initiating new ones.	Yes	Yes
Partial Exit Strategy	Uses multiple exit points (e.g., TP1, TP2) to scale out of a position. Partial profits are taken at different levels rather than closing the entire trade at once. Offers flexibility in volatile markets.	Yes	No (Currently Unsupported)

2.1 Detailed Explanation of Strategies #

To generate alerts for automating a TradingView strategy or indicator, refer to the detailed setup instructions Click here. Below is a breakdown of each supported strategy type:

Continuous Position Strategy #

Maintains an active trade at all times.
When a new buy alert is received, it closes an existing sell position and opens a buy position (and vice versa).
Ideal for strategies that require uninterrupted market exposure.

Flat Position Strategy #

Ensures all positions are fully closed before initiating a new trade.
Prevents overlapping positions, reducing risk exposure.
Suited for traders who prefer distinct trade cycles without residual risk from prior positions.

Partial Exit Strategy #

Facilitates staged exits from a position using multiple profit-taking levels (e.g., TP1, TP2).
Provides flexibility to capitalize on market volatility by securing profits incrementally.
Note: Take Profit (TP) and Stop Loss (SL) management is currently unsupported for this strategy in PickMyTrade.

2.2 Strategy Market Position & Alert JSON #

By default, TradingView strategy alerts send the trade action using:

• {{strategy.order.action}} – buy or sell

This is the default and recommended value used by PickMyTrade to execute trades.

Optional Change #

Users can update the alert JSON to use:

• {{strategy.market_position}} – long, short, or flat

This value represents the expected position state after the signal is executed, not the trade action itself.

Important Note #

• {{strategy.order.action}} tells PickMyTrade what trade to place
• {{strategy.market_position}} tells PickMyTrade what the final position should be

For most strategies, no changes are required and the default setup should be used.

3. Strategy-Based Trading Setup #

This section is tailored for traders utilizing a TradingView strategy that automatically generates buy/sell signals. Follow these steps to configure automation with PickMyTrade:

3.1 Select Your Strategy #

Choose the TradingView strategy you wish to automate. This will serve as the foundation for generating trade signals.

3.2 Enter Trading Symbol #

Specify the trading asset (e.g., MNQ, NQ) in PickMyTrade. This field is required for calculations involving Stop Loss based on ticks or total loss methods.

Important Considerations:

• If the symbol does not exist or is incorrectly mapped: You must configure it in PickMyTrade before trades can execute on that symbol.
• Trading a different symbol from the alert: PickMyTrade allows flexibility. For example:
  If your TradingView chart uses NQ for the alert but you want to trade MNQ, enter MNQ in the PickMyTrade symbol field.
• No symbol entered: If left blank, PickMyTrade defaults to the symbol of the TradingView chart associated with the alert.

3.3 Confirm Exit Handling #

Determine how exits will be managed for your strategy:

• Multiple Exits (e.g., TP1, TP2):
  • Yes: If your strategy inherently manages multiple exit levels (e.g., TP1, TP2), PickMyTrade will not prompt for additional Stop Loss (SL) or Take Profit (TP) settings.

• Automated Exits: Exits can be fully automated within the TradingView strategy.
• Attaching SL/TP to Entry Orders: If you opt to attach Stop Loss and Take Profit to entry orders in PickMyTrade, only one Take Profit (TP) and one Stop Loss (SL) per order are supported. Multiple exit levels (e.g., TP1, TP2) are not accommodated in this configuration.
• No: If your strategy does not handle exits, you must manually configure Stop Loss (SL) and Take Profit (TP) settings in PickMyTrade.

Would your strategy have multiple exits like TP1, TP2, etc.? #

No

→ Would you like to place Stop Loss and Take Profit orders in PickMyTrade with each order from your strategy?
     YES
→ Stop Loss / Take Profit / BreakEven Type: (Please refer to the table provided earlier in the “Select TradingView Indicator” section for detailed explanations on each option Click here .

Best Practices #

• Always test strategies in sim mode first
• Use clear, non-repainting strategies
• Avoid overlapping alerts on multiple timeframes
• Monitor logs in PickMyTrade during early runs

More Resources #

Want to automate trades on platforms beyond Rithmic, such as Interactive Brokers, TradeLocker, TradeStation, or ProjectX?
Explore all PickMyTrade setup guides

Using Tradovate instead?
View the Tradovate automation guide