---
title: PickMyTrade Advanced Trading Features
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date: 2025-04-30
modified: 2026-06-15
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og_description: "Explore PickMyTrade advanced trading features like multi-level TP/SL, reverse trade direction, and partial close using comment tags. Now in beta."
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# PickMyTrade Advanced Trading Features: TP/SL, Reverse, Partial Close

**Last Updated:** June 15, 2026  |  **Published:** April 30, 2025

## 1. Introduction

This guide introduces **advanced trading features in PickMyTrade**, including multi-level TP/SL, reverse action per account, same direction ignore, and targeted partial close — all designed to enhance automated trading precision.

- **``advance_tp_sl(Multiple TP/SL)``**: Assign different take-profits and stop-losses to portions of a single trade, enabling scaling out strategies.
- **`reverse_action`**: Reverse trade direction for selected accounts in a multi-account setup, ideal for hedging or split strategies.
- **`same_direction_ignore`**: Prevent duplicate orders in the same direction if an order or position is already active.
- **Targeted Partial Close using `comment`**: Selectively close specific orders by matching the `comment` field used during entry. Ideal for granular control when managing multiple open trades.

All features are optional and currently in **beta**. We strongly recommend testing thoroughly in demo environments before enabling in live trading accounts.

---

## Table of Contents

- Table of Contents
- What Is ``advance_tp_sl(Multiple TP/SL)`` and How It Works
- Multi-Account Trade Management Using `reverse_action`
- Avoiding Duplicate Orders with `same_direction_ignore`
- Targeted Partial Close Using `comment` and `close1`
- Integration Notes for Existing Users

---

## 2. What Is `advance_tp_sl` and How It Works

**`advance_tp_sl` (Multiple TP/SL)** – This feature allows you to assign **individual take-profit, stop-loss, breakeven, and trailing stop settings** to different portions of your position, all within a **single TradingView alert**.

This setup is ideal for traders who scale in and out, manage partial profits, or need more precision over risk on futures contracts like **MNQ (Micro Nasdaq Futures)**. These TP/SL enhancements are a core part of **PickMyTrade’s advanced trading features**, enabling precise trade scaling and risk management.

---

## 2. Trade Setup & Execution Logic (Screenshot-Based Example)

> The following configuration is taken directly from the interface shown in the screenshots and demonstrates how the system executes trades based on multi-leg logic.

### 2.1 Order Parameters

- **Instrument:** MNQ1! (Micro Nasdaq Futures)
- **Direction:** Buy
- **Order Type:** Market
- **Total Quantity:** 7 contracts

![PickMyTrade dashboard showing advanced trading tools including multiple TP/SL, reverse action, same direction ignore, and partial close settings.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-21-1024x625.avif)

---

After selecting **Quantity**, you’ll see the **Risk Settings** section.  
To unlock multiple exit logic, simply toggle **“Enable Multiple TP/SL”** — this will activate individual SL/TP settings for each contract group.

Once enabled, you’ll be able to configure:

- **Do You Want Stop Loss / Take Profit?** → YES
- **SL / TP / BreakEven Type** → Point / Dollar (From Entry Price)
- **Stop Loss & Take Profit inputs** (per group)
- Real-time display of **Total Loss** and **Total Profit** calculations across all 7 contracts

This lets you fully customize how each segment of your position is managed.

![Trading interface displaying total quantity with multiple TP/SL mode enabled and separate stop loss and take profit controls.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-22-1024x347.avif)

### Splitting Position Using Multiple TP/SL Blocks

Once you **enable the “Multiple TP/SL”** option, the system will automatically allocate the **entire quantity** (e.g., 7 contracts) under the **First TP/SL** section by default.

![Order setup screen showing all contracts initially assigned to the first TP/SL section before splitting into multiple targets.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-23.avif)

To split your position into separate exit levels:

1. **Adjust the TP/SL Quantity**  
Change the quantity in the First TP/SL block (e.g., from 7 to 3).
2. **Unlock Additional Allocation**  
Once the total quantity is no longer fully allocated, an **“Add Another TP/SL”** button will appear at the top right.
3. **Create Additional Exit Blocks**  
Clicking this button opens a **new TP/SL block**, where you can assign the **remaining quantity** (e.g., 4 contracts) with its own:
  - Stop Loss
  - Take Profit
  - Breakeven logic
  - Trailing stop configuration

This allows you to build **layered exit logic**, where each segment of your position follows a distinct risk-reward structure—perfect for scaling out or partial risk management.

![PickMyTrade panel showing reduced first allocation and Add Another TP/SL button available for creating another exit block.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-25-1024x526.avif)

### 2.2 Position Allocation

#### 2.2.1 Multiple SL/TP

| Exit Level | Quantity | Stop Loss (SL) | Take Profit (TP) |
| --- | --- | --- | --- |
| First | 4 | $5 | $10 |
| Second | 3 | $6 | $30 |

Each group of contracts uses distinct SL and TP levels.

![Advanced trade configuration with two or more contract groups, each having separate stop loss, take profit, breakeven, and trailing stop settings.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-29.avif)

---

### 2.3 Breakeven Protection

#### 2.3.1 Activation Thresholds

| Exit Level | BreakEven Enabled | Trigger Threshold |
| --- | --- | --- |
| First | Yes | $3 profit |
| Second | Yes | $4 profit |

#### 2.3.2 Behavior

- When price reaches the trigger threshold, the stop loss is **moved to entry price**, converting the position into a zero-risk trade.
- This helps protect early gains while keeping upside potential open.

![Trade settings panel showing breakeven enabled with custom trigger profit levels for each TP/SL group.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-30.avif)

---

### 2.4 Trailing Stop Logic

> Each TP/SL group has its own trailing stop configuration for dynamic risk adjustment.

#### 2.4.1 Configuration

| Exit Level | Trail SL Distance | Trail Trigger | Trail Frequency |
| --- | --- | --- | --- |
| First | $4 | $15 | $3 |
| Second | $5 | $20 | $4 |

![Order management screen showing trailing stop distance, trigger threshold, and frequency values for dynamic stop-loss movement.](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-28.avif)

- **Trailing Type:** Dollar-based from entry price
- **Trigger Activation:** Trail becomes active once the market reaches the specified profit level.
- **Distance & Frequency:** Defines how far behind price the SL trails and how often it updates.

#### 2.4.2 Example (First Exit Group)

- **Entry Price:** $100
- **Trigger at $115:** Trailing stop activates
- **Initial SL = $115 – $4 = $111**
- **Price rises to $118:**
  - SL updates to $118 – $4 = $114
- **Price rises to $121:**
  - SL becomes $117
- **Price drops to $117:**
  - Position exits
- **Locked Profit:**
  - ($117 – $100) × 3 = **$51 total profit**

---

### 2.5 Risk Management Methods

#### 2.5.1 Supported Types

| Method | Example | Use Case |
| --- | --- | --- |
| Dollar | SL = $5 per contract | Straightforward fixed risk |
| Percentage | TP = 5% of entry price | Adaptive in volatile assets |
| Ticks | 20 ticks = $10 (1 = $0.50 MNQ) | Precise futures management |

#### 2.5.2 Trailing Formulas

- **Trigger Threshold (Total Movement):**  
Example: $20 × 4 contracts = **$80 required move** to activate trailing
- **Risk Buffer Calculation:**  
Example: $5 trailing distance × 4 contracts = **$20 max buffer**

---

## Need a Detailed Breakdown?

If you’d like a **complete, technical breakdown** of how each parameter works. Please refer to our official documentation:  
 **[PickMyTrade Docs – Automated Trading Setup](https://docs.pickmytrade.trade/docs/setting-up-automated-trading-for-tradingview-indicators/)**

Another powerful part of the **PickMyTrade advanced trading features** is multi-account reverse action, useful for hedging or split strategies.

---

## 3. Multi-Account Trade Management Using `reverse_action`

The `reverse_action` flag allows you to invert the trade direction for specific accounts within a multi-account configuration.

### JSON Example:

```
"multiple_accounts": [
  {
    "account_id": "demo124",
    "token": "xxx",
    "reverse_action": true
  },
  {
    "account_id": "demo459",
    "token": "yyy"
  }
]
```

### Explanation:

Let’s say you’re trading **NQ (Nasdaq Futures)** and your TradingView alert sends a **Buy** signal.

You have two accounts connected:

- **Client 1** (`demo124`) should take a **Sell**
- **Client 2** (`demo459`) should take a **Buy**

In this case, apply `reverse_action: true` for **demo124**.

**Result:**

- `demo124` will place a **Sell**
- `demo459` will place a **Buy**

This setup is useful when testing **opposite strategies**, running **hedged positions**, or balancing exposure across two different clients or firms.

---

### Important Notes:

- `reverse_action` only works inside the `multiple_accounts` array.
- It does not apply to single-account setups.
- This feature is currently in **beta**, monitor execution closely before using it in Live accounts.

---

## 4. Avoiding Duplicate Orders with `same_direction_ignore`

The `same_direction_ignore` feature helps prevent duplicate orders in the **same direction** when there’s already an open position or active order, especially useful to stop repeated entries from overlapping signals or rapid re-alerts.

**How It Works**:

```
"same_direction_ignore": true
```

**Example Scenario: NQ (Nasdaq Futures) at 20,173**

Let’s say the current market price of NQ is **20,173**, and your TradingView strategy sends a **Buy** alert:

- A **Buy** market order is sent and remains open.
- A few seconds later, a second **Buy** alert is triggered possibly due to indicator overlap or recalculation.

Since `same_direction_ignore` is enabled, this **second Buy alert will be ignored**, because a Buy trade is already active.

Now, let’s say the **next alert is a Sell**:

- The Sell alert is **allowed** and will be executed, because it is in the **opposite direction**.

Similarly, if a **Close** alert is sent:

- It will **close the existing Buy position**, regardless of direction.

---

**Behavior Summary:**

| Alert Type | Status | Explanation |
| --- | --- | --- |
| First Buy | Executed | No position exists — trade is placed |
| Second Buy | Ignored | Same direction — already active |
| Sell | Executed | Opposite direction — allowed |
| Close | Executed | Closes the current position |

**Best Practice:**  
Always add a **2-second gap** between alerts to avoid duplicate triggers or execution clashes.

**Ignored Alert Message**:

> _Alert Ignored, Same Direction Found on (Open Order/Position)_

## 5. Targeted Partial Close Using `comment` (Indicator Alerts Only)

This feature is specifically designed for **indicator-based alerts** — not strategy alerts — to let you selectively close individual open positions by matching the `comment` used at the time of entry.

### How It Works

When your indicator sends a Buy alert, you include a unique `comment` for each contract or order:

```
{
  "symbol": "NQ1!",
  "data": "buy",
  "comment": "buy1",
  "quantity": 1,
  "order_type": "MKT",
  ...
}
```

```
{
  "symbol": "NQ1!",
  "data": "buy",
  "comment": "buy2",
  "quantity": 1,
  "order_type": "MKT",
  ...
}
```

```

```

Later, to **close only the second Buy order**, send a close alert with the same `comment`:

```
{
  "symbol": "NQ1!",
  "data": "close",
  "comment": "buy2",
  "full_closed": false,
  "quantity": 1,
  "price": "19950",
  "order_type": "MKT",
  "stp_limit_stp_price": 19950,
  "tp": 0,
  "sl": 0,
  "risk_percentage": 0,
  "dollar_tp": 0,
  "dollar_sl": 0,
  "percentage_tp": 0.2,
  "percentage_sl": 0.2,
  "trail": 0,
  "trail_stop": 0,
  "trail_trigger": 0,
  "trail_freq": 0,
  "same_direction_ignore": false,
  "advance_tp_sl": [],
  "update_tp": false,
  "update_sl": false,
  "reverse_order_close": false
}
```

> In this case, only the position with `comment: "buy2"` will be closed. The other open Buy orders remain untouched.

When using **Partial Close**, every new set of trades should use **new comment names**. Do not keep reusing the same comments like `T1`, `T2`, `T3` for every trade cycle. If you reuse old comments, the system may connect your close signal to an **older trade with the same comment**, which can cause the wrong quantity to close.

### Simple Example

#### First Trade Cycle

- Buy 1 lot → Comment `T1`
- Buy 1 lot → Comment `T2`
- Buy 1 lot → Comment `T3`

Later you close `T1`.

#### Second Trade Cycle (Wrong Way)

You open new trades again using the same comments:

- Buy 1 lot → Comment `T1`
- Buy 1 lot → Comment `T2`
- Buy 1 lot → Comment `T3`

Now when you send a close signal for `T1`, the system may also see the **older `T1` trade history**, which can create a **quantity mismatch** or close more than expected.

### Correct Way

Use new comment names for each trade cycle:

#### First Cycle

- `T1_1`, `T2_1`, `T3_1`

#### Second Cycle

- `T1_2`, `T2_2`, `T3_2`

#### Third Cycle

- `T1_3`, `T2_3`, `T3_3`

This way, each trade is unique and PickMyTrade knows exactly which order to close.

### Best Practice

Your **Pine Script should automatically generate unique comments** for every new entry cycle.

### Short Rule

**Never reuse old comment names after closing trades. Always use fresh comments.**

---

### Closing the Entire Position

To flatten all open Buy positions (regardless of comment), use:

```
"full_closed": true
```

This will close the entire position in the same direction, even if multiple entries exist.

### Important Setting

Always use:

```
"reverse_order_close": false
```

This ensures the system targets the order with the matching `comment`. If set to `true`, the system will ignore the `comment` and instead close the most recent position first.

---

### Behavior Summary

| Use Case | comment Value | full_closed | Effect |
| --- | --- | --- | --- |
| Close 1st Buy order only | "buy1" | false | Closes only the Buy order with comment buy1 |
| Close 2nd Buy order only | "buy2" | false | Closes only the Buy order with comment buy2 |
| Close all Buy orders entirely | (any or none) | true | Closes all Buy orders regardless of comment |

---

## FAQ’s

**Can I close only one specific open trade?** 

Yes. Using the `comment` field, you can selectively close one order while leaving other open positions untouched. This is especially useful for indicator-based multi-entry strategies.

 
 
**What is `same_direction_ignore` used for?** 

This setting blocks duplicate alerts in the same direction when an order or position is already active, helping prevent repeated entries from rapid or overlapping signals.

 
 
**What is Multiple TP/SL (`advance_tp_sl`)?** 

It allows one trade to be split into multiple portions, with each portion having its own stop loss, take profit, breakeven, and trailing stop settings. This is useful for scaling out of positions.

 
 

---

## 6. Integration Notes for Existing Users

### Final Notes

Since all features are in **beta**, we strongly recommend:

- Testing on **Demo accounts** first
- Monitoring execution carefully
- Reporting bugs or feedback directly to our support team

**Email:** [support@pickmytrade.com]()  
**Discord Community:** [Join & Connect](https://discord.gg/M5CJsVZt2P)

[Get PickMyTrade → Automate Your TradingView Strategies](https://pickmytrade.trade "PickMyTrade - Automated Trading")

Last updated: **June 15, 2026**

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