(For traders using a TradingView strategy that generates buy/sell signals automatically.)

Introduction #

This guide will walk you through setting up a strategy-based trading alert in PickMyTrade for Rithmic. Follow these steps to ensure your TradingView alerts trigger automated trades accurately in your Rithmic account.

1. Select Your Strategy #

Choose a TradingView strategy that generates buy/sell signals automatically.

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2. Enter Trading Symbol #

Specify the trading symbol for the asset you wish to trade (e.g., NQMS).

2.1 Required for Specific Stop Loss Types #

Entering a symbol is mandatory if you plan to use stop-loss calculations based on Ticks or Total Loss.

2.2 Symbol Mapping #

If the symbol doesn’t exist or isn’t mapping correctly:
➔ Set it up first in PickMyTrade before trades can occur on that symbol.

2.3 Using Different Symbols for Alerts and Trades #

Want to send an alert from one symbol but trade another? You can!

• Example:
  ➔ You’re using NQ on your TradingView chart for the alert.
  ➔ But you want the actual trade to happen on NQMS.
  ➔ In this case, enter NQMS in the PickMyTrade symbol field.

2.4 What Happens if No Symbol is Entered? #

If you don’t enter a symbol here, PickMyTrade will simply take the trade based on the chart symbol used in your TradingView alert.

3. Confirm Exit Handling #

Confirm if your strategy uses multiple exits (e.g., TP1, TP2).

3.1 Multiple Exits (TP1, TP2)? #

• NO: If your strategy does not manage exits, you’ll need to configure Stop Loss (SL) and Take Profit (TP) settings manually in PickMyTrade.

3.2 Stop Loss and Take Profit Configuration #

→ Would you like to place Stop Loss and Take Profit orders in PickMyTrade with each order from your strategy?

• YES
  ➔ Stop Loss / Take Profit / BreakEven Type: (Please refer to the table provided earlier in the “Select TradingView Indicator” section for detailed explanations on each option Click here

4. Account Selection #

Choose whether to execute trades in multiple accounts or a specific account.

Would you like to add multiple accounts or select a specific account for trade execution?
Answer: YES (Upon selecting YES, additional configuration options become available.)

Update User Settings:Make changes to your account here. Click “Save” when you’re done.

4.1 Add Rithmic Login in Current PickMyTrade Account #

Field Name	Example Input	Explanation
PickMyTrade Conn. Name	RITHMIC1	Enter the connection name associated with this PickMyTrade account.
RITHMIC Acc. Name	BG28198	Enter the Rithmic account name exactly as it appears in the trading platform.
Option	QUANTITY MULTIPLIER / RISK PERCENTAGE	Choose QUANTITY MULTIPLIER to adjust trade sizes or RISK PERCENTAGE to manage risk per trade.
QUANTITY MULTIPLIER	1 (if selected)	If a Quantity Multiplier of 2 is set, all trade sizes will be doubled.Example: If the usual trade size is 5 contracts, and a multiplier of 2 is applied, the system will place trades with 10 contracts.
RISK PERCENTAGE	2% (if selected)	If a Risk Percentage of 2% is set, each trade will risk 2% of the total capital in the account.Example: With an account balance of $50,000 and a 2% risk setting, the maximum risk per trade will be $1,000.

4.2 Add Rithmic Account in Another PickMyTrade Account

Field Name	Example Input	Explanation
PickMyTrade Token	qwerty	Enter the unique PickMyTrade Token required for integration.
PickMyTrade Conn. Name	RITHMIC2	Enter the connection name associated with this PickMyTrade account.
RITHMIC Acc. Name	BG281988	Enter the Rithmic account name exactly as it appears in the trading platform.
Option	QUANTITY MULTIPLIER / RISK PERCENTAGE	Choose QUANTITY MULTIPLIER to adjust trade sizes or RISK PERCENTAGE to manage risk per trade.
QUANTITY MULTIPLIER	1 (if selected)	If a Quantity Multiplier of 2 is set, all trade sizes will be doubled.Example: If the usual trade size is 5 contracts, and a multiplier of 2 is applied, the system will place trades with 10 contracts.
RISK PERCENTAGE	2% (if selected)	If a Risk Percentage of 2% is set, each trade will risk 2% of the total capital in the account.Example: With an account balance of $50,000 and a 2% risk setting, the maximum risk per trade will be $1,000.

5. Copying & Setting Up Alerts in TradingView #

Once you’ve configured your alert settings in PickMyTrade, follow these steps to generate alerts in TradingView for automated trading with Rithmic:

1. Click “Generate Alert” in PickMyTrade.
2. Go to TradingView and click the “+” icon to create a New Alert.
3. Paste the copied alert code into the message box.
4. Click “Copy Webhook URL” in PickMyTrade and paste it into TradingView’s Webhook URL field.
5. Ensure the Webhook URL is correctly placed in TradingView’s notification settings.
6. Click “Create Alert” to activate automated trading.

For detailed instructions on setting up TradingView alerts, please refer to the link below:

Setting Up TradingView Alerts for Aut