1. Introduction #
This guide explains how Settings in PickMyTrade help you manage trading configurations for smooth and error-free automation. The Settings section plays a critical role in aligning trading parameters with broker-specific requirements across platforms like Interactive Brokers (IBKR), Rithmic, and TradeLocker.
By setting the right configurations, you ensure every trade is executed precisely as intended — whether you’re trading futures, stocks, or options.
2. Symbol Configuration #
Configure trading parameters for each symbol:
| Field | Description |
| Local Symbol | Name of the asset used in PickMyTrade |
| Symbol | Trading symbol for the asset |
| IB Symbol | Symbol recognized by IBKR |
| Quantity | Default trade size |
| Instrument Type | Asset type (e.g., stock, option, future) |
| Order Type | Market, Limit, etc. |
| Exchange | Trading venue for the asset |
| Currency | Currency of the asset |
| Lot Size | Minimum tradable unit |
| Min Tick | Minimum price increment |
3. Creating New Symbol Settings #
Manually create configurations if a symbol isn’t pre-defined
This section allows users to configure new trading settings, including:
- Symbol: Enter the asset you want to trade.
- Order Type: Select order execution type (e.g., market, limit).
- Quantity: Define trade size.
- Lot Size: Specify the lot size per trade.
- IB Symbol: The corresponding Interactive Brokers symbol.
- Min Tick: Set minimum tick size for the asset.
- Click Save to apply changes.
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
