Reducing Latency Between TradingView and PickMyTrade

1 min read

Overview #

When running automated trades from a TradingView strategy or indicator through PickMyTrade, every millisecond counts. Latency—the delay between your strategy generating a signal and the order being placed—can cause slippage, missed entries, or less favorable fills, especially in fast-moving markets.

This guide explains where latency comes from and how you can minimize it for better execution.

1. Understanding the Latency Chain #

A typical automated trade from TradingView to PickMyTrade goes through these steps:

  1. Signal Generation
    • Your TradingView strategy detects a condition to enter/exit a trade.
  2. Alert Trigger
    • TradingView sends a webhook alert to PickMyTrade’s servers.
  3. Order Relay
    • PickMyTrade processes the alert and sends the order to your broker (e.g., Tradovate).
  4. Broker Execution
    • The broker routes the order to the exchange for final execution.

Note: PickMyTrade’s internal processing is very fast—~200 ms from alert receipt to broker submission. The main latency factors are usually TradingView’s alert delivery.

2. Sources of Latency #

  • TradingView Alert Dispatch – Alerts can be delayed by seconds if servers are under heavy load or if your strategy uses higher timeframes.
  • Exit Order Handling – Exit orders (like trailing stops) sent from TradingView must travel through both PickMyTrade and your broker.

3. Recommendations to Reduce Latency #

A. Optimize Your TradingView Strategy Timing #

  • Trigger Slightly Earlier: Adjust your entry condition to fire just before your target level. This compensates for unavoidable network and alert delays.
  • Use Lower Timeframes: Alerts based on smaller timeframes (e.g., 1 min) can trigger faster than those on higher timeframes.
  • Enable Intrabar Alerts: Where possible, use bar_index or realtime checks in Pine Script so alerts can trigger before bar close.

B. Use Native Broker Features for Exits #

  • Bracket Orders: Let PickMyTrade place profit targets and stop-loss orders at the time of entry—removing the need for separate exit alerts.
  • Native Trailing Stops: Instead of sending trailing stop updates from TradingView, configure them directly in PickMyTrade, so they update instantly.

C. Keep PickMyTrade’s Speed Advantage #

  • PickMyTrade already processes and forwards orders in ~200 ms.
  • Focus on improving alert timing and broker-side exits, since these are the biggest external latency factors.

4. Key Takeaways #

  • Most latency comes from TradingView’s alert dispatch and network travel time, not from PickMyTrade.
  • You can reduce delays by triggering signals earlier, shortening timeframes, and using broker-native order management.
  • With an optimized setup, you can cut latency by more than 70%, improving fills and reducing slippage.
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