---
title: Automating TradingView Indicator Alerts for Options in TradeStation
slug: automating-tradingview-indicator-alerts-for-options-in-tradestation
date: 2025-05-15
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og_title: Automating TradingView Indicator Alerts for Options in TradeStation
og_description: Automating TradingView indicator alerts for options in TradeStation gives traders the ability to trigger real-time options orders from technical signals using PickMyTrade.
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# Automating TradingView Indicator Alerts for Options in TradeStation

**Last Updated:** May 10, 2026  |  **Published:** May 15, 2025

## 1. Introduction

Automating TradingView indicator alerts for options in TradeStation allows traders to execute real-time options trades directly from chart-based signals. This guide shows you how to configure it step-by-step using PickMyTrade.

---

**Watch the video above** for a quick walkthrough on setting up automated options trading from TradingView to TradeStation using PickMyTrade.

## 2. Select TradeStation as Your Broker

- **Broker:** Select **TradeStation** from the PickMyTrade broker list.
- Ensure your TradeStation account is connected and authorized via secure login or API credentials.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-59-1024x430.avif)

---

## 3. Choose Strategy or Indicator Alert in TradingView

### **Alert Type Options** [#](https://docs.pickmytrade.io/docs/getting-started-1/#6-toc-title) {#6-toc-title}

| Alert Type | Description |
| --- | --- |
| INDICATOR | Alerts based on technical indicators (e.g., RSI, Moving Averages). |
| STRATEGY | Alerts based on predefined trading strategies in TradingView. |

We have selected **INDICATOR** as our preferred alert type.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-60-1024x328.avif)

---

## 4. Choose Asset Type for TradeStation Execution

Select the appropriate instrument type based on what you’re trading:

- **Stocks** – For equity shares like AAPL, MSFT, etc.
- **Futures** – For standard futures contracts like MNQ, ES, etc.
- **Options** – For equity options like AAPL Calls and Puts.

In this setup, we are selecting **Options** because we are automating trades for AAPL options.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-61-1024x400.avif)

---

## 5. Select Call or Put Option Type for TradeStation Orders

| Setting | Explanation | Example |
| --- | --- | --- |
| Call | Expecting the stock price to rise. | Buying an AAPL Call when the stock price is at $150, expecting it to go higher. |
| Put | Expecting the stock price to fall. | Buying a TSLA Put when the stock price is at $700, expecting it to drop. |

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-62-1024x391.avif)

---

## 6. Set Strike Price Logic for Option Alerts in TradingView

### **Strike Price Settings (Updated for AAPL @ $212.15)**

| SETTING | EXPLANATION | EXAMPLE (AAPL @ $212.15) |
| --- | --- | --- |
| Strike Away | Defines how far the strike is from the market price. | Strike Away: 2 → Call strike: 214.15, Put strike: 210.15 |
| At-the-Money (ATM) | Strike price is closest to the market price. | Call & Put strike: 212.5 |
| In-the-Money (ITM) Calls | Strike below the market price (option has intrinsic value). | ITM Call strikes: 210, 207.5, 205… |
| In-the-Money (ITM) Puts | Strike above the market price (option has intrinsic value). | ITM Put strikes: 215, 217.5, 220… |
| Out-of-the-Money (OTM) Calls | Strike above the market price (no intrinsic value). | OTM Call strikes: 215, 217.5, 220… |
| Out-of-the-Money (OTM) Puts | Strike below the market price (no intrinsic value). | OTM Put strikes: 210, 207.5, 205… |

---

**Visual Reference (from screenshot):**

- **AAPL Last Price:** 212.15
- Closest strike: **212.5**
- **Call Bid/Ask at 212.5:** 2.61 / 2.64
- **Put Bid/Ask at 212.5:** 2.13 / 2.16

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/screenshot-20250514-101631-1024x486.png)

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-63-1024x369.avif)

---

## 7. Configure Option Expiry Dates for AAPL Options in TradeStation

Select relative expiry using the current date for reference (e.g., May 14, 2025):

| Expiry Type | Easy Explanation | Example (AAPL Call Option, Today is May 14, 2025) |
| --- | --- | --- |
| Current Day | Ends today, May 14, 2025. | Buy call option, expires at close of May 14, 2025. |
| Next Day | Ends tomorrow, May 15, 2025. | Buy call option, expires at close of May 15, 2025. |
| Day After Tomorrow | Ends in 2 days, May 16, 2025. | Buy call option, expires at close of May 16, 2025. |
| Current Week | Ends this week, May 16, 2025. | Buy call option, expires at close of May 16, 2025. |
| Next Week | Ends next week, May 23, 2025. | Buy call option, expires at close of May 23, 2025. |
| Current Month | Ends this month, May 30, 2025. | Buy call option, expires at close of May 30, 2025. |
| Next Month | Ends next month, June 28, 2025. | Buy call option, expires at close of June 28, 2025. |

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-65-1024x387.avif)

---

## 8. Enter the Correct TradingView Symbol for Accurate Mapping

- **TradingView Symbol:** `AAPL`
- **Use Case:** Only required when your Stop Loss type is based on:
  - **Ticks**
  - **Total Loss**
- This field connects your TradingView strategy to the correct instrument for SL calculations.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-66-1024x388.avif)

---

## 9. Choose Alert Type for TradingView – Buy, Sell, or Close

| Setting | Explanation | Example |
| --- | --- | --- |
| Buy | Opens a long position when the alert is triggered. | Buying a Call option on AAPL |
| Sell | Opens a short position when the alert is triggered. | Buying a Put option on TSLA |
| Close | Closes an existing position if one exists. | Closing a previously bought Call/Put |

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-67.avif)

## 10. Set Trade Quantity and Risk Management in TradeStation Alerts

#### Option A: Quantity

- **Quantity Type:** QUANTITY
- **Quantity Value:** 1  
Defines a fixed number of contracts for each trade.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-68-1024x167.avif)

#### Option B: Risk Percentage

- **Quantity Type:** RISK PERCENTAGE
- **Value:** e.g., 2%  
When using **Risk Percentage**, the system calculates your trade size so that your **maximum loss equals a fixed percentage of your total account balance**, based on the stop-loss distance.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/30-1024x141.png)

## 11. Define Stop Loss and Take Profit for Automated Option Alerts

- **Point / Dollar (From Entry Price)**

**Order Configuration:**

- **Stop Loss in USD:** Customer manually inputs the dollar amount they are willing to risk on the trade ( in this example, we’ve chosen $50).
- **Take Profit in USD:** Customer manually inputs the dollar amount they aim to gain from the trade ( in this example, we’ve chosen $100).

**How It Works:**

- **Stop Loss:** The specified USD amount is subtracted from the entry price to determine the stop loss level. The total loss may vary depending on the number of shares.
- **Take Profit:** The specified USD amount is added to the entry price to determine the take profit level.

**Settings and Examples:**

**Stop Loss (Point / Dollar From Entry Price):**

- **Setting:** Enter the Stop Loss in USD. This amount determines how much you are willing to lose if the market moves against your position.
- **Example:** Buy AAPL at $239.07 with a Stop Loss at $189.07 ($50.00 below entry). Total loss: $50.00 × 1 (lot size) × 10 (number of shares) = $500.

**Take Profit (Point / Dollar From Entry Price):**

- **Setting:** Enter the Take Profit in USD. This amount sets your target gain if the market moves in your favor.
- **Example:** Buy AAPL at $239.07 with a Take Profit at $339.07 ($100.00 above entry). Total profit: $100.00 × 1 (lot size) × 10 (number of shares) = $1,000.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-69-1024x388.avif)

### **Calculation Details** {#17-toc-title}

Each field (Stop Loss, Take Profit, Trail Trigger, Trail Frequency) has a small question mark (?) icon next to it.

When you click the icon, it opens a “Calculation Details” popup, showing:

- The Formula used
- The Values Entered by the user
- The Final Calculation result

**Result Calculation:**

**Stop Loss Calculation:**

- **Formula:** Stop Loss × Lot Size × Quantity
- **Values Used:**
  - Stop Loss: $50
  - Lot Size: 1
  - Quantity: 10

**Final Calculation:** $50 × 1 × 10 = $500

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/unnamed-13-2.png)

**Take Profit Calculation:**

- **Formula:** Take Profit × Lot Size × Quantity
- **Values Used:**
  - Take Profit: $100
  - Lot Size: 1
  - Quantity: 10
- **Final Calculation:** $100 × 1 × 10 = $1,000

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/unnamed-14-1.png)

- **Percentage**

**Order Configuration:**

- **Stop Loss in %:** Customer manually inputs the percentage they are willing to risk on the trade (in this example, we’ve chosen 20%).
- **Take Profit in %:** Customer manually inputs the percentage they aim to gain from the trade (in this example, we’ve chosen 100%).

**How It Works:**

- **Stop Loss:** The specified percentage is calculated based on the entry price and subtracted to determine the stop loss level. The total loss varies depending on the entry price and lot size.
- **Take Profit:** The specified percentage is calculated based on the entry price and added to determine the take profit level.

**Settings and Examples:**

**Stop Loss (Percentage):**

- **Setting:** Enter the Stop Loss as a percentage of the entry price. If the market price falls by this percentage, the trade automatically closes to limit your loss.
- **Example:** Buy AAPL at $239.07 (Entry Price)
  - Stop Loss: 20% below entry price
  - 20% of $239.07 = $239.07 × 0.20 = $47.81
  - Stop Loss Price = $239.07 − $47.81 = $191.26

**Take Profit (Percentage):**

- **Setting:** Enter the Take Profit as a percentage of the entry price. If the market price rises by this percentage, the trade automatically closes to secure your profit.
- **Example:** Buy AAPL at $239.07 (Entry Price)
  - Take Profit: 100% above entry price
  - 100% of $239.07 = $239.07 × 1.00 = $239.07
  - Take Profit Price = $239.07 + $239.07 = $478.14

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-70-1024x350.avif)

- **Ticks**

- **AAPL Market Price:** $239.07
- **Tick Size:** $0.01 (since AAPL trades in cents)
- **Quantity:** 10 contracts (I’m assuming each contract represents 1 share of AAPL — let me know if that’s different!)

Now for the **Stop Loss & Take Profit**:

- **Stop Loss:**
  - **Ticks:** 100
  - **Tick Size:** $0.01
  - **100 ticks × $0.01 = $1.00**
  - **Stop Loss Price:** $239.07 − $1.00 = **$238.07**
  - **Total Loss Calculation:**
    - **Loss per Tick:** $0.01
    - **Quantity:** 10 contracts
    - **Total Loss:** 100 ticks × $0.01 × 10 = **$10.00**
- **Take Profit:**
  - **Ticks:** 200
  - **Tick Size:** $0.01
  - **200 ticks × $0.01 = $2.00**
  - **Take Profit Price:** $239.07 + $2.00 = **$241.07**
  - **Total Profit Calculation:**
    - **Profit per Tick:** $0.01
    - **Quantity:** 10 contracts
    - **Total Profit:** 200 ticks × $0.01 × 10 = **$20.00**

So your numbers actually make total sense!

- **Total Loss for 10 Contracts:** **$10.00**
- **Total Profit for 10 Contracts:$20.00**

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-71-1024x369.avif)

**Calculation Details**

Each field (Stop Loss, Take Profit, Trail Trigger, Trail Frequency) has a small question mark (?) icon next to it.

When you click the icon, it opens a “Calculation Details” popup, showing:

- The Formula used
- The Values Entered by the user
- The Final Calculation result

**Formula for Stop Loss:**Stop Loss Amount = Stop Loss Ticks × Lot Size × Min Tick × Quantity

**Values:**Stop Loss Ticks: 100  
Lot Size: 1  
Min Tick: 0.01  
Quantity: 10

**Final Calculation:**Stop Loss Amount = 100 × 1 × 0.01 × 10 = 10.00

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/unnamed-19.png)

---

**Formula for Take Profit:**Take Profit Amount = Take Profit Ticks × Lot Size × Min Tick × Quantity

**Values:**Take Profit Ticks: 200  
Lot Size: 1  
Min Tick: 0.01  
Quantity: 10

**Final Calculation:**Take Profit Amount = 200 × 1 × 0.01 × 10 = 20.00

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/unnamed-20.png)

---

- **Total Profit / Loss**

**Order Configuration:**

- **Total Loss per Contract:** The total dollar amount of loss you’re willing to take per contract.
- **Total Profit per Contract:** The total dollar amount of profit you’re aiming for per contract.

**AAPL Market Price:** $239.07  
**Lot Size:** 1 (1 contract = 1 share)  
**Quantity:** 10 contracts

---

**Total Loss (USD per Contract):**

- **Example:** Let’s say you’re willing to lose $50 per contract.
- **Total Contracts:** 10
- **Total Loss for 10 Contracts:** $50 × 10 = **$500**
- **Stop Loss Price Calculation:**
  - AAPL moves in $0.01 increments (min tick).
  - $50 per contract ÷ $0.01 tick size = **5,000 ticks**.
  - Stop Loss Price: $239.07 − ($0.01 × 5,000) = **$189.07**

---

**Total Profit (USD per Contract):**

- **Example:** Let’s say you’re targeting $100 per contract.
- **Total Contracts:** 10
- **Total Profit for 10 Contracts:** $100 × 10 = **$1,000**
- **Take Profit Price Calculation:**
  - $100 per contract ÷ $0.01 tick size = **10,000 ticks**.
  - Take Profit Price: $239.07 + ($0.01 × 10,000) = **$339.07**

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-72-1024x370.avif)

**Formula for Total Take Profit:**Total Profit Amount = Total Profit per Contract × Quantity

**Values:**Total Profit per Contract: $100  
Quantity: 10

**Final Calculation:**Total Profit Amount = $100 × 10 = **$1,000.00**

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/unnamed-22.png)

**Formula for Total Take Profit:**Total Profit Amount = Total Take Profit per Contract × Quantity

**Values:**Total Take Profit per Contract: $100  
Quantity: 10

**Final Calculation:**Total Profit Amount = $100 × 10 = **$1,000.00**

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/unnamed-23.png)

## 12. Account Selection and Configuration for TradeStation

Once your alert and SL/TP settings are configured, the next step is selecting the trading account for execution. **PickMyTrade** supports both **single-account** and **multi-account** execution for **TradeStation**, with options for **position sizing** via **Quantity Multiplier** or **Risk Percentage**.

> **Would you like to add multiple accounts or select a specific account for trade execution?**

Upon selecting **YES**, additional configuration fields appear to let you connect your **TradeStation** accounts and define execution parameters.

---

### **12.1 Add TradeStation Account in Current PickMyTrade Account**

Use this configuration if you’re adding a TradeStation account to the **PickMyTrade account you’re currently logged into**.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-75.avif)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Conn. Name | TRADESTATION1 | Choose the correct connection name from the dropdown. It must match what you configured in PickMyTrade. |
| TRADESTATION Acc. Name | SIM155568455M | Select your TradeStation account. This must be linked to your current TradeStation login. |
| Option | QUANTITY MULTIPLIER | Choose your preferred position sizing method. |
| Qty Multiplier | 1 | A multiplier of 2 will double your trade size. E.g., 5 contracts × 2 = 10 contracts. |

> Ensure the TradeStation account is already connected and synced within your PickMyTrade dashboard.

---

### **12.2 Add TradeStation Account to Another PickMyTrade Account**

Use this configuration if you’re managing **multiple PickMyTrade logins** and want to execute trades in a TradeStation account **from a different PickMyTrade account** (not the currently active one).

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-76.avif)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Token | abcd1234xyz | Enter the token from the target PickMyTrade account you want to send trades to. |
| PickMyTrade Conn. Name | TRADESTATION1 | Define the connection name. It must match the TradeStation connection inside the target PickMyTrade account. |
| TRADESTATION Acc. Name | SIM155568455M | Enter the exact TradeStation account name as it appears in the terminal. |
| Option | QUANTITY MULTIPLIER | Choose your preferred position sizing method. |
| Qty Multiplier | 1 | A multiplier of 3 will triple your trade size. E.g., 2 contracts × 3 = 6 contracts. |

> Make sure the **PickMyTrade Token is valid** and that the **TradeStation connection** exists in the destination account, or execution will fail.

---

12.3 Generate Alert Code for Indicator Execution

Once all accounts are added and configured, click **Confirm & Generate Alert** button.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-104.avif)

---

## Generate Alerts in TradingView for TradeStation Execution via PickMyTrade {#block-c7cb1972-eb2c-4e6c-91ce-e423cf789825}

### Click on “Generate Alert” {#block-b284ea1d-5a37-43ee-b904-10429c2612f0}

After generating the alert, you’ll receive a JSON payload.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-77-1024x420.avif)

Next, follow the link below to learn how to set up your TradingView alert for automated trading:

**[Setting Up TradingView Alerts for Automated Trading](https://docs.pickmytrade.io/docs/setting-up-tradingview-alerts-for-automated-trading-with-rithmic/)**

## More Resources on Automating TradingView Alerts

Want to automate trades on platforms beyond Rithmic, such as Interactive Brokers, TradeLocker, TradeStation, or ProjectX?  
[Explore all PickMyTrade setup guides](https://docs.pickmytrade.io/docs/)

Using Tradovate instead?  
[View the Tradovate automation guide](https://docs.pickmytrade.trade/docs/)

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

Last updated: **May 10, 2026**

For AI tools & developers:[View Markdown →](https://docs.pickmytrade.io/docs/automating-tradingview-indicator-alerts-for-options-in-tradestation.md)