PickMyTrade

Automating TradingView Strategies for Futures & Stocks in Interactive Brokers (IB)

4 min read

Last Updated: May 18, 2026  |  Published: March 24, 2025

1. Introduction to Automating TradingView Strategies for Interactive Brokers #

This guide explains automating TradingView strategies for Interactive Brokers (IB), covering setup for futures and stocks, symbol mapping, and order handling.

By integrating IB with TradingView, traders can execute strategy-based trades automatically based on predefined conditions. This setup ensures efficient trade execution while allowing for customization in exit handling, account selection, and stop loss/take profit management.

For a visual walkthrough, refer to the accompanying video:

2. Available Brokers in PickMyTrade #

Steps #

  • Select Interactive Brokers (IB) from the available options.

3. TradingView Alert Configuration for IB Automation #

Alert Type Options #

Alert TypeDescription
INDICATORAlerts based on technical indicators (e.g., RSI, Moving Averages).
STRATEGYAlerts based on predefined trading strategies in TradingView.

We have selected STRATEGY as our preferred alert type.

4. Choose the Right Instrument Type #

Choose Futures from the available choices: Futures, Futures Options, Options, Stocks.

5. Enter Symbol for Automating TradingView Strategies in IB #

Specify the trading asset (e.g., NQM6, ES) in Interactive Brokers (IB). This field is required for calculations involving Stop Loss based on ticks or total loss methods.

Important Considerations: #

  • If the symbol does not exist or is incorrectly mapped: You must configure it in IB before trades can execute on that symbol.
  • Trading a different symbol from the alert: IB allows flexibility. For example:
    • If your TradingView chart uses NQ for the alert but you want to trade MNQ, enter MNQ in the IB symbol field.
  • No symbol entered: If left blank, IB defaults to the symbol from the TradingView alert.

For more on IB’s supported symbols, visit Interactive Brokers Product Listings

6. Strategy Type and Exit Logic #

Determine how exits will be handled in your strategy:

Option 1: No SL/TP (Strategy Controlled Exits) #

  • 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 #

  • 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

→ Stop Loss / Take Profit / BreakEven Type:
(Refer to the table in the “Select TradingView Indicator” section for a detailed explanation of each option.) Click here.

Option 3: Multiple Exits (TP1, TP2, etc.) #

  • 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 (Bybit limitation: one SL + one TP per order)

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

7. Interactive Brokers Account Selection & Setup #

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

A. Add an IB Subaccount Under an Existing PickMyTrade Login #

If you have multiple IB accounts linked under a single IB login, you can allocate trades to them using quantity multipliers.

  • PickMyTrade Connection Name: Choose the IB account where you want to execute trades.
  • Quantity Multiplier: Adjusts the number of contracts proportionally for each account.

Example: #

If you have two IB subaccounts:

  • IB_Account_1 (Primary) → Multiplier: 1.5 (Executes 1.5 times the default contract size)
  • IB_Account_2 (Secondary) → Multiplier: 1.0 (Executes the standard contract size)

This setup ensures proportional trade execution across multiple subaccounts.

B. Add a Separate IB Account Under Another PickMyTrade Login #

For traders managing multiple IB accounts under different PickMyTrade logins, you can link each account individually using a unique authentication token.

  • PickMyTrade Token: Enter the token associated with the IB account you want to add.
  • PickMyTrade Connection Name: Enter the exact connection name as displayed in your PickMyTrade account.
  • Quantity Multiplier: Defines how much the contract size should be adjusted for this account.

Example: #

If you have two separate IB accounts under different PickMyTrade logins:

  • IB_Account_3 (Second IB Account) → Multiplier: 2.0
  • IB_Account_4 (Primary IB Account) → Multiplier: 1.5

In this scenario, trades in the second IB account execute at 2x the default size, while the primary account follows a 1.5x multiplier, ensuring proportional exposure across both accounts.

8. Generate the Automation Alert #

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

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

Setting Up TradingView Alerts for Automated Trading

Last updated: May 18, 2026

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