--- title: "Add Multiple Take Profits & Stop Losses in PickMyTrade" slug: pickmytrade-multiple-tp-sl-strategy-workaround date: 2025-12-09 modified: 2026-09-03 author: Bhavishya Goyal excerpt: "" meta_description: Add multiple take-profit and stop-loss targets to any TradingView strategy using PickMyTrade. Follow this workaround to automate multi-TP/SL execution. focus_keyword: "" canonical_url: "https://docs.pickmytrade.trade/docs/pickmytrade-multiple-tp-sl-strategy-workaround/" og_title: "Add Multiple Take Profits & Stop Losses in PickMyTrade" og_description: Add multiple take-profit and stop-loss targets to any TradingView strategy using PickMyTrade. Follow this workaround to automate multi-TP/SL execution. og_image: "" schema_type: WebPage categories: [] tags: [] reading_time: 3 word_count: 781 robots: "index, follow" lang: en-US --- # Adding Multiple Take Profits & Stop Losses Using PickMyTrade (Strategy Workaround) **Last Updated:** September 3, 2026  |  **Published:** December 9, 2025 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. **Want multi-target TP/SL without the manual setup?** Start your free trial with PickMyTrade today. [Start Free Trial](https://app.pickmytrade.trade/?register=true) --- ## **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** ![Dashboard showing order setup for MNQ futures with Buy market order, quantity selection, and advanced risk controls for multiple TP/SL settings.](https://docs.pickmytrade.trade/wp-content/uploads/2025/12/image-10-1024x567.avif) > Note: This method does _not_ allow dynamic quantity from strategy. Quantity must be fixed here. --- ## **2. Enable Multi-TP / Multi-SL** ![Trading interface showing Multiple TP/SL toggle enabled, with inputs for stop loss, take profit, breakeven type, and total projected profit/loss.](https://docs.pickmytrade.trade/wp-content/uploads/2025/12/image-9-1024x391.avif) Select **“Enable Stop Loss / Take Profit” → Yes** Then enable: **Multiple TP/SL** Now configure each exit. Example: ![Order management screen showing the full quantity initially assigned to the first TP/SL block before splitting contracts into multiple exits.](https://docs.pickmytrade.trade/wp-content/uploads/2025/12/image-13-1024x335.avif) ### **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. ![Screen displaying add account button to generate alert code for Pickmytrade automation](https://docs.pickmytrade.trade/wp-content/uploads/2025/12/image-3-1024x399.avif) 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. 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. --- ## **5. Final JSON Example** Showing the modified sample code: ``` { "symbol": "MNQ1!", "date": "{{timenow}}", "data": "{{strategy.order.action}}", "quantity": 5, "risk_percentage": 0, "price": "{{close}}", "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. --- ## FAQ’s **What is the Multiple TP/SL Strategy Workaround in PickMyTrade?** It’s a method that lets traders use more than one take-profit and stop-loss level for a single position by splitting the total order quantity into separate portions, each with its own exit logic. **How do I enable multiple take-profit levels?** After entering your total quantity, go to Risk Settings and enable **Multiple TP/SL**. This unlocks separate TP/SL blocks where you can assign different quantities and targets. **Can each portion of the trade have different stop-loss settings?** Yes. Each TP/SL block can use its own stop loss, take profit, breakeven, and trailing stop values, allowing more flexible trade management. **Is this useful for scaling out of trades?** Yes. It’s designed for scaling out gradually—for example, closing part of a position at an early target while letting the rest run to a larger target. [Get PickMyTrade → Automate Your TradingView Strategies](https://pickmytrade.trade "PickMyTrade - Automated Trading") Last updated: **September 3, 2026** For AI tools & developers:[View Markdown →](https://docs.pickmytrade.trade/docs/pickmytrade-multiple-tp-sl-strategy-workaround.md)