---
title: Automating TradingView Strategies Alerts in Rithmic
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date: 2025-03-24
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# Automating TradingView Strategies Alerts in Rithmic

**Last Updated:** August 6, 2026  |  **Published:** March 24, 2025

## **Introduction**

**Automating TradingView strategies alerts in Rithmic** allows traders to execute trades directly from Pine Script strategies without manual intervention. This guide shows how to connect TradingView strategy alerts with your Rithmic account using PickMyTrade. From symbol configuration to SL/TP settings and multi-account execution, everything is covered to ensure reliable automation.

## **Select Rithmic as Your Broker**

- **First,** select Rithmic from the available options. **This choice** determines your broker connection.

**Important:** Bulenox is not currently supported for Rithmic.

## **1. Select Your Strategy on TradingView**

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

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-29-1024x316.avif)

---

## **2. Enter Trading Symbol for Rithmic Execution**

Specify the trading symbol for the asset you wish to trade (e.g., NQM6).

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-30-1024x173.avif)

### **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 for Rithmic**

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 Execution**

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 in TradingView**

Determine how exits will be handled in your strategy:

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-31-1024x333.avif)

### Option 1: No SL/TP (Strategy Controlled Exits) {#3-toc-title}

- Select this if your TradingView strategy fully manages entries and exits
- PickMyTrade will NOT place any Stop Loss or Take Profit orders
- All exits will be executed only when TradingView sends exit alerts

**Use this when:**  
Your strategy already includes complete exit logic

---

### Option 2: Attach SL/TP to Orders {#4-toc-title}

- Select this if your strategy does NOT handle exits
- PickMyTrade will place Stop Loss (SL) and Take Profit (TP) with each entry

**Features:**

- Choose SL/TP type (percentage, price, Total Profit/Loss, etc.)
- Only **one SL and one TP per order** is supported

**Use this when:**  
You want simple, fixed risk management handled by PickMyTrade

---

### Option 3: Multiple Exits (TP1, TP2, etc.) {#5-toc-title}

- Select this if your TradingView strategy uses multiple take-profit levels
- PickMyTrade will NOT require SL/TP configuration
- All exits will be executed based on TradingView alerts

**Note:**  
When using multiple exits, SL/TP cannot be attached to the entry order.

**Use this when:**  
Your strategy scales out of positions (partial exits)

### **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.

---

## **4. Account Selection and Setup for Rithmic**

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

### **4.1 Add Rithmic Login in Current PickMyTrade Account** {#38-toc-title}

| 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 you set a Risk Percentage of 2%, the system will risk that portion per trade. Example: With an account balance of $50,000 and a 2% risk setting, the maximum risk per trade will be $1,000. |

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-33.avif)

**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, PickMyTrade places trades with 10 contracts based on the multiplier. |
| 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. |

![](https://docs.pickmytrade.io/wp-content/uploads/2025/03/image-34.avif)

---

## **5**. **New Position Management Behavior for Rithmic**

### When `reverse_order_close = true`

`duplicate_position_allow = true`

- Only **one position per direction** is maintained.
- If you already have a **Buy** position and another **Buy** signal (with TP/SL) is received:
  - The existing Buy position remains open.
  - The previous TP/SL (bracket) orders are canceled.
  - The new TP/SL from the latest Buy signal are applied to the existing Buy position.
- If a **Sell** signal is received:
  - The current Buy position is closed.
  - A new Sell position is opened.
  - The Sell position is managed with its own TP/SL from the incoming signal.

### `duplicate_position_allow = false`

- If you already have a **Buy** position:
  - Any additional Buy signals are ignored.
  - The existing Buy position continues unchanged until:
    - its TP or SL is hit,
    - a Close signal is received, or
    - an opposite (Sell) signal is received.
- If a **Sell** signal is received:
  - The existing Buy position is closed.
  - A new Sell position is opened with its own TP/SL.

---

### When `reverse_order_close = false`

In this mode, orders are **not managed with TP/SL brackets** and the behavior matches that of the other supported brokers.

### `duplicate_position_allow = true`

- Multiple positions in the same direction are allowed (position stacking).
- Opposite-direction orders reduce the net position instead of automatically reversing it.

### `duplicate_position_allow = false`

- Only one position per direction is allowed.
- Additional signals in the same direction are ignored while that position remains open.
- Opposite-direction orders reduce or offset the current net position, following the broker’s normal position management behavior.

## **6. 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. Go to **TradingView** and click the **“+”** icon to create a **New Alert**.
2. Paste the copied alert code into the **message box**.
3. Click **“Copy Webhook URL”** in PickMyTrade and paste it into TradingView’s **Webhook URL** field.
4. Ensure the Webhook URL is correctly placed in TradingView’s **notification settings**.
5. 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 Automated Trading with Rithmic](https://docs.pickmytrade.io/docs/setting-up-tradingview-alerts-for-automated-trading-with-rithmic/)

## **More Resources**

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 6, 2026**

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