---
title: Automating TradingView Indicators Alerts in Ironbeam
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date: 2026-08-18
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og_description: "1. Introduction to Automated Trading for TradingView Indicators This guide explains how to automate trading signals generated by TradingView indicators using PickMyTrade. By connecting indicators like RSI, Bollinger Bands, or"
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# Automating TradingView Indicators Alerts in Ironbeam

**Last Updated:** August 19, 2026  |  **Published:** August 18, 2026

---

## 1. Introduction to Automated Trading for TradingView Indicators

This guide explains how to automate trading signals generated by **TradingView indicators** using **PickMyTrade**. By connecting indicators like RSI, Bollinger Bands, or Moving Averages to automated trade execution, you can streamline your process and remove manual delays.

## What This Is (and Isn’t) https://docs.pickmytrade.trade/docs/automated-trading-tradingview-indicators/#1-toc-title

- **Indicators** generate signals (buy/sell conditions)
- **PickMyTrade** turns those signals into real trades
- No coding required
- Works with Ironbeam via webhook alerts

> If your indicator can trigger an alert, it can be automated.

---

## 2. Select Ironbeam as Your Broker for Automated Trading

From your PickMyTrade dashboard, go to **Generate Alert** to start configuring your automated trade.

[Connect Ironbeam with PickMyTrade – Easy Setup Guide](https://docs.pickmytrade.io/docs/connect-ironbeam-with-pickmytrade-easy-setup-guide/)

Choose **Ironbeam** as your broker from the dropdown list.

![pickmytrade dashboard : Selct broker](https://docs.pickmytrade.io/wp-content/uploads/2026/08/image-77-1024x449.avif)

---

## 3. Choose Your Alert Type

Two alert types are available:

- **INDICATOR** — Use this if you are triggering alerts manually or based on TradingView chart indicators.
- **STRATEGY** — Use only if you’re automating a Pine Script strategy.

![pickmytrade choose Order type](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-44-1024x362.avif)

**Example:**

- **Alert Type:** We chose INDICATOR in this example

---

## 4. Enter the TradingView Symbol

Enter the TradingView symbol (e.g., **NQ1!**).

This field is optional unless you’re using stop-loss types like:

- **Ticks**
- **Total Profit / Loss (USD)**

![pickmytrade : Enter symbol](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-45-1024x188.avif)

---

## 5. Configure Order Details (Trade Action)

### BUY Alert {#7-toc-title}

- If no position exists, a new buy position is opened.
- If a sell position exists, it is closed first, then a buy is opened.
- Any open sell orders are canceled.

### SELL Alert {#8-toc-title}

- If no position exists, a new sell position is opened.
- If a buy position exists, it is closed first, then a sell is opened.
- Any open buy orders are canceled.

### CLOSE Alert {#9-toc-title}

- Closes all open positions.
- Cancels all open orders.
- Does not open a new position.

Example:  
Alert Type: BUY

![pickmytrade : choose alert type](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-46-1024x436.avif)

---

## 6. Select Order Type (Market or Limit)

**Market Order:**

- **Definition:** A market order is an order to buy or sell immediately at the current market price.
- **Example:** If NQ is at 21,891, and you place a market order to buy, it will execute immediately at or very close to 21,891. The order gets filled right away without waiting for any price changes

![pickmytrade : order type](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-47.avif)

**Limit Order:**

- **Definition:** A limit order is an order to buy or sell only when the price reaches a specific level you set. If the price doesn’t reach that level, the order won’t be filled.
- **Example:** If you want to buy NQ at 21,850, you set a limit buy order. This order will not execute unless the price of NQ drops to 21,850. If the price stays above 21,850, your order won’t be filled.
- **Note:** We use TradingView’s `{{close}}` placeholder to set the limit price.

![](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-48-1024x531.avif)

---

## 7. Quantity & Risk Management Settings https://docs.pickmytrade.io/docs/projectx-tradingview-indicator-alerts/#11-toc-title

![pickmytrade : set quantity](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-38.avif)

#### Option A: Quantity [#](https://docs.pickmytrade.io/docs/projectx-tradingview-indicator-alerts/#12-toc-title) {#12-toc-title}

- **Quantity Type:** QUANTITY
- **Quantity Value:** 2  
Defines a fixed number of contracts for each trade.

#### Option B: Risk Percentage {#13-toc-title}

- **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.

---

## 8. Stop Loss & Take Profit Configuration

PickMyTrade supports five SL/TP configuration types. Select one based on your preferred method:

### **8.1** ****Point (From Entry Price)****

**Order Configuration:**

- Enter Stop Loss in Point: Customer manually inputs the points value they are willing to risk on the trade ( in this example, we’ve chosen 50 points).
- Enter Take Profit In Point: Customer manually inputs the points value they aim to gain from the trade ( in this example, we’ve chosen 100) points.

**How It Works:**

- Stop Loss: The specified points value is subtracted from the entry price to determine the stop loss level. The total loss may vary depending on the contract size.
- Take Profit: The specified points value is added to the entry price to determine the take profit level.

**Settings and Examples:**

1. **Stop Loss (Point / From Entry Price):**
  - Setting: Enter the Stop Loss in Points. This amount determines how much you are willing to lose if the market moves against your position.
  - Example: Buy NQ at 21,891 with a Stop Loss at 21,841 (50 points below entry). Total loss: 50 points × 20 (lot size) x 10 (quantity) = $10,000.
2. **Take Profit (Point /  From Entry Price):**
  - Setting: Enter the Take Profit in Points. This amount sets your target gain if the market moves in your favor.
  - Example: Buy NQ at 21,891 with a Take Profit at 21,991 (100 points above entry). Total profit: 100 points × 20 (lot size) x10 (quantity) = $20,000.

![pickmytrade : Tp and Sl configuration](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-43-1024x366.avif)

**Result Calculation:**

- Total Loss: Stop Loss × Lot Size × Quantity
- Total Profit: Take Profit × Lot Size × Quantity

**Calculation Details**

Each field (Stop Loss, Take Profit) 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
- Total Loss: Stop Loss × Lot Size × Quantity

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXc9A-Rf1axYVXM-ftu2qVy-wJ-yCRr8Zdp-iIPwCL7x7y79XmC9mhswZtXB01ZF2npZwkyhTbMmRgSVEYp21fh9hSOnLQOAI3JYL5F7Z2AgQS5nYR80D9FybS94UHegxxJobkZi?key=cVom_qyneiYt80yDC2p1LcyO)

- Total Profit: Take Profit × Lot Size × Quantity

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfFHATkZMwsPmPNQJa9Q1yCoAtteMzL4LR8CBuS6mIAUMB3oqGWbqo1Twef6InMpLwAbMCZsqqmLTZh2XYmGOmTrLq7oOg34WhRW1Ho2VUxv4iKIOP4-Nbx4d9LL8gccjAkvRF-pQ?key=cVom_qyneiYt80yDC2p1LcyO)

### **8.2 Percentage**

#### **Order Configuration:**

- Enter Stop Loss in %: Customer manually inputs the percentage they are willing to risk on the trade.
- Enter Take Profit In %: Customer manually inputs the percentage they aim to gain from the trade.

#### **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:**

1. **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 NQ at 21,891 (Entry Price)
    - Stop Loss: 20% below entry price
    - 20% of 21,891 = 21,891 × 0.20 = 4,378.20
    - Stop Loss Price = 21,891 − 4,378.20 = 17,512.80

1. **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 NQ at 21,891 (Entry Price)
    - Take Profit: 100% above entry price
    - 100% of 21,891 = 21,891 × 1.00 = 21,891
    - Take Profit Price = 21,891 + 21,891 = 43,782

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-22-1024x339.avif)

### **8.3** **Price**

**Entry Order Details:**

- **Alert Type:** BUY — This means you’re placing an order to purchase.
- **Entry Order Type:** MKT — This type of order buys the contracts at the current market price right away.

**Quantity Settings:**

**Quantity Value:** 10 — This means you’re buying 10 contracts in this trade.

### **Stop Loss & Take Profit  Settings **

- **Stop Loss / Take Profit**: YES
- **Stop Loss / Take Profit Type**: PRICE
- **Enter Stop Loss in Price(Trading View Variable) Like {{plot_}},{{plot_1}} etc**.
  - _Example:_ If Stop Loss is 21,691, enter {{plot_1}} when creating the alert.
- **Enter Take Profit In Price(Trading View Variable) Like {{plot_}},{{plot_1}} etc.**
  - _Example:_ If Take Profit is 22,091, enter {{plot_2}} when creating the alert.

---

#### **Understanding****{{plot_x}}****Variables in TradingView**

In TradingView, {{plot_0}}, {{plot_1}}, {{plot_2}}, etc., are placeholders that TradingView provides when you create an alert based on an indicator. These placeholders represent the different output values that the indicator shows on the chart.

- {{plot_0}} — The first value plotted by the indicator.
- {{plot_1}} — The second value plotted by the indicator.
- {{plot_2}} — The third value, and so on.

#### How They Work for Stop Loss & Take Profit

#### Let’s say your indicator plots two important levels:

- Stop Loss level
- Take Profit level

#### **In this case:**

- Stop Loss will be assigned to a variable like {{plot_1}}
- Take Profit will be assigned to a variable like {{plot_2}}

#### When setting an alert, you don’t have to enter fixed numbers (like 21,691) manually. Instead, you just select these placeholders:

- {{plot_1}} for Stop Loss
- {{plot_2}} for Take Profit

#### Example Alert Setup in TradingView

#### When creating an alert, enter this in the message box:

#### Stop Loss: {{plot_1}}, Take Profit: {{plot_2}}

#### **Example Scenario**

#### At the time of alert creation:

- {{plot_1}} = 21,691 (Stop Loss)
- {{plot_2}} = 22,091 (Take Profit)

#### When the alert triggers, you will receive this message:

#### Stop Loss: 21,691, Take Profit: 22,091

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-24-1024x352.avif)

#### **Important Note:** {#33-toc-title}

- The first plot you add in your indicator will always be accessible as {{plot_0}}.
- The second plot becomes {{plot_1}}, the third {{plot_2}}, and so on — following the order in which they appear in the indicator’s code or settings.
- Reference Document: [TradingView Plot Placeholder Integration](https://docs.pickmytrade.trade/docs/tradingview-plot-placeholder/)

### **8.4 Ticks**

**Order Configuration:**

- Enter Ticks Value For SL: Customer manually inputs the number of ticks they are willing to risk on the trade.
- Enter Ticks Value For TP: Customer manually inputs the number of ticks they aim to gain from the trade.

**How It Works:**

- Stop Loss: The specified tick value is subtracted from the entry price to determine the stop loss level. Total loss depends on tick size, number of ticks, and lot size.
- Take Profit: The specified tick value is added to the entry price to determine the take profit level.

Settings and Examples (Based on NQ Futures — Entry Price: 21,891, Tick Size: 0.25 points, $5 per tick, Lot Size: 10):

1. **Stop Loss (Ticks):**
  - Setting: Enter the Stop Loss in ticks, which defines how far below the entry price the stop loss will trigger.
  - Example:
    - Stop Loss: 5 ticks below entry
    - 5 ticks × 0.25 points per tick = 1.25 points
    - Stop Loss Price = 21,891 − 1.25 = 21,889.75
    - Loss Calculation:
      - Each Tick Value: $5 per contract
      - Total Contracts: 10
      - Total Loss per Tick: 10 × $5 = $50
      - Total Loss for 5 Ticks: 5 × $50 = $250
    - If the price hits 21,889.75, the total loss is $250 for 10 contracts.
2. **Take Profit (Ticks):**
  - Setting: Enter the Take Profit in ticks, which defines how far above the entry price the take profit will trigger.
  - Example:
    - Take Profit: 10 ticks above entry
    - 10 ticks × 0.25 points per tick = 2.5 points
    - Take Profit Price = 21,891 + 2.5 = 21,893.5
    - Profit Calculation:
      - Total Profit per Tick: $50 (10 contracts × $5 per tick)
      - Total Profit for 10 Ticks: 10 × $50 = $500
    - If the price hits 21,893.5, the total profit is $500 for 10 contracts.

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-25-1024x363.avif)

**Result Calculation:**

- Total Loss: Number of Ticks × Tick Value × Lot Size × Quantity

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcm5wIjBJ1Ke2IaEOfORGCwcAToiqJ7xgOmxcfQPW3GEDe3nGdEJx7bhIpg7RdOLYiWilvUG9eBxViUyG6rpeWcLUhBDRy4zL8S7Q6mAnNbkpRHeM-liqHK4LIaJQG1UhCYdbqtXw?key=cVom_qyneiYt80yDC2p1LcyO)

- Total Profit: Number of Ticks × Tick Value × Lot Size × Quantity

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcm5wIjBJ1Ke2IaEOfORGCwcAToiqJ7xgOmxcfQPW3GEDe3nGdEJx7bhIpg7RdOLYiWilvUG9eBxViUyG6rpeWcLUhBDRy4zL8S7Q6mAnNbkpRHeM-liqHK4LIaJQG1UhCYdbqtXw?key=cVom_qyneiYt80yDC2p1LcyO)

### 8**.5 Total Profit / Loss**

**Order Configuration:**

- Enter Total Loss value in USD for 1 contract: Customer manually inputs the total dollar amount of loss they are willing to take per contract.
- Enter Total Profit in USD for 1 contract: Customer manually inputs the total dollar amount of profit they aim for per contract.

**How It Works:**

- Stop Loss: The specified total loss in USD per contract is multiplied by the total number of contracts to determine the total possible loss before the position closes.
- Take Profit: The specified total profit in USD per contract is multiplied by the total number of contracts to determine the total possible gain before the position closes.

Settings and Examples (Based on NQ Futures — Entry Price: 21,891, $20 per point, Lot Size: 10):

1. **Total Loss (USD per Contract):**
  - Setting: Enter the total amount of loss in USD you’re willing to incur for one contract.
  - Example:
    - Total Loss: $100 per contract
    - Total Contracts: 10
    - Total Loss for 10 Contracts: $100 × 10 = $1,000
    - Point Calculation:
      - 1 point = $20 per contract
      - $100 ÷ $20 = 5 points
    - Stop Loss Price: Entry Price (21,891) − 5 points = 21,886
2. **Total Profit (USD per Contract):**
  - Setting: Enter the total amount of profit in USD you’re targeting for one contract.
  - Example:
    - Total Profit: $200 per contract
    - Total Contracts: 10
    - Total Profit for 10 Contracts: $200 × 10 = $2,000
    - Point Calculation:
      - 1 point = $20 per contract
      - $200 ÷ $20 = 10 points
    - Take Profit Price: Entry Price (21,891) + 10 points = 21,901

![pickmytrade : SL and TP configurations](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-26-1024x360.avif)

**Result Calculation:**

- Total Loss: Total Loss per Contract × Number of Contracts

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXeFsqnP3pVkm0MWVDX7hETdeHaraSE-UsUZndXkhTq7JNwQBvJWF5YXoVRuYsVYWhMeEbRcNnl1S_2hNxjbeZ_yQ1euLzsRDvmCB4RrsxFDi_ue5rIhUC5hfF_aLI3Wu1c_UNaCvA?key=cVom_qyneiYt80yDC2p1LcyO)

Total Profit: Total Profit per Contract × Number of Contracts

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcYJvZbxOma_6hUC0R-WJee3lxlVo58lF8f8UhPccNgPPoQY8WvbqgPcQaiA-BLSgaaTBy3ET71OrZ4ieALoa6Ixqnbp5eNsv_kuaz3AFHI8CrDM_JV-P7FTObXEoEz1I-4at2hMw?key=cVom_qyneiYt80yDC2p1LcyO)

---

## 9. Ironbeam Account Management in PickMyTrade

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 **Ironbeam**, with options for **position sizing** via **Quantity Multiplier** or **Risk Percentage**.

**9.1** **Add Ironbeam Account in Current PickMyTrade Account**

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

![](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-39.avif)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Conn. Name | IRONBEAM1 | Choose the correct connection name from the dropdown. Ensure it matches the Ironbeam connection you created earlier. |
| IRONBEAM1Acc. Name | 51412601 | Choose your Ironbeam account from the dropdown. This must be an account linked to your current Ironbeam login. |
| Option | QUANTITY MULTIPLIER / RISK PERCENTAGE | Select your preferred position sizing method. |
| QUANTITY MULTIPLIER | 1 (if selected) | If a multiplier of 2 is selected, trade size will be doubled. Example: 5 contracts × 2 = 10 contracts. |
| RISK PERCENTAGE | 2% (if selected) | If selected, each trade will risk 2% of total account capital. For a $50,000 account, the max risk per trade is $1,000. |

Make sure the Ironbeam connection and account names are properly selected from the dropdown menus to ensure execution works correctly.

---

**9.2 Add Ironbeam Account in Another PickMyTrade Account**

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

![pickmytrade : Add account](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-40.avif)

Add Account Settings (Cross-Account Configuration)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Token | abcd1234xyz | Enter the unique PickMyTrade Token from the account you want to integrate. This allows you to push trades into a different PickMyTrade account. |
| PickMyTrade Conn. Name | IRONBEAM1 | Define the connection name. This should correspond to the Ironbeam connection within the target PickMyTrade account. |
| IRONBEAM1Acc. Name | 67002091 | Enter the exact Ironbeam account name as it appears in the Ironbeam terminal. |
| Option | QUANTITY MULTIPLIER / RISK PERCENTAGE | Choose your preferred position sizing method. |
| QUANTITY MULTIPLIER | 1 (if selected) | Multiplies all trade quantities. For example, if a trade normally uses 3 contracts, setting this to 2 will result in 6 contracts. |
| RISK PERCENTAGE | 2% (if selected) | Automatically calculates position size based on a percentage of account capital. For example, 2% of a $50,000 account = $1,000 max risk per trade. |

Ensure the **PickMyTrade Token** is copied correctly and the Ironbeam connection exists in the target account, or execution will fail.

---

**9.3 Generate Alert Code for Indicator Execution**

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

![pickmytrade ; Account Add](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-41.avif)

---

## 10. Final Alert for TradingView and Ironbeam Automation

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

![pickmytrade ; Alert Generated](https://docs.pickmytrade.io/wp-content/uploads/2026/07/image-42-1024x412.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 {#39-toc-title}

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: **August 19, 2026**

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