--- title: Match-Trader Automation With TradingView Indicator Alerts slug: match-trader-automation-with-tradingview-indicator-alerts date: 2025-12-18 modified: 2026-08-27 author: PickMyTrade Team excerpt: "" meta_description: "Learn how to automate trades on Match-Trader using TradingView indicator alerts with PickMyTrade, connecting alerts to your broker with risk rules." focus_keyword: match-trader canonical_url: "https://docs.pickmytrade.io/docs/match-trader-automation-with-tradingview-indicator-alerts/" og_title: Match-Trader Automation With TradingView Indicator Alerts og_description: "Learn how to automate trades on Match-Trader using TradingView indicator alerts with PickMyTrade, connecting alerts to your broker with risk rules." og_image: "" schema_type: WebPage categories: [] tags: [] reading_time: 4 word_count: 918 robots: "index, follow" lang: en-US --- # Match-Trader Automation With TradingView Indicator Alerts **Last Updated:** August 27, 2026  |  **Published:** December 18, 2025 Want to automate trades using TradingView indicator alerts with the Match-Trader broker? This guide explains how to connect Match-Trader with PickMyTrade, generate alerts, and configure quantity, risk, and SL/TP for reliable automated execution. --- ## 1. Connect Your Match-Trader Account to PickMyTrade Before creating alerts, you must connect your Match-Trader broker account to PickMyTrade. ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-30-1024x303.avif) **Steps:** - Choose **Broker: Match-Trader** - Click **Connections** in the top-right of PickMyTrade - Select **Add New Connection** - Enter your credentials: | Field | Description | Example | | --- | --- | --- | | Username | Your Match-Trader login | user@email.com | | Password / API Key | Broker credentials (as required) | ******** | Click **Save** and confirm the connection status shows **Active**. --- ## 2. Generate the Alert in PickMyTrade Once Match-Trader is connected: - Go to **Generate Alert** from the sidebar - Fill in the required configuration fields - Click **Generate Alert** ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-68-1024x549.avif) You’ll receive: - A **Webhook URL** - A **JSON alert payload** These will be used in TradingView. --- ## 3. Select Match-Trader as Your Broker - Broker: **Match-Trader** - Choose Match-Trader from the broker dropdown --- ## 4. Choose Your Alert Type Two alert types are supported: - **INDICATOR** — For TradingView indicator-based or manual alerts - **STRATEGY** — For Pine Script strategies with automated execution ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-69-1024x271.avif) **Example:** - Alert Type: **INDICATOR** --- ## 5. Select Instrument Type Before entering the symbol, choose the correct **Instrument Type** to ensure PickMyTrade applies the right execution and pricing logic. Available options: - **CFD** — Use for indices, metals, energies, and CFDs (e.g., NAS100, US30, XAUUSD). - **FOREX** — Use for spot Forex pairs with standard FX contract specifications (e.g., EURUSD, GBPJPY). - **FOREXCFD** — Use when your broker offers Forex pairs as CFDs instead of spot FX (common with prop firms). ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-70-1024x283.avif) ⚠️ Selecting the wrong instrument type may lead to incorrect lot sizing, SL/TP calculation, or order rejection. --- ## 6. Enter the TradingView Symbol Enter the TradingView symbol, and select symbol from dropdown. ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-71-1024x261.avif) This field is **mandatory** when using: - Ticks-based SL/TP - Risk-percentage sizing --- ## 7. Configure Order Action Behavior ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-72-1024x251.avif) ### Buy Alert - If already in a **Buy** position → adds to the existing position - If in a **Sell** position → closes sell trades, cancels sell orders, then opens a buy ### Sell Alert - If already in a **Sell** position → adds to the existing position - If in a **Buy** position → closes buy trades, cancels buy orders, then opens a sell ### Close Alert - Closes all open positions - Cancels all pending orders - Does **not** open a new trade **Example:** - Alert Action: **BUY** --- ## 8. Select Order Type (Market or Limit) When configuring your trade action, you can choose how the order is executed on Match-Trader: ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-73-1024x284.avif) **Limit Order** The trade is placed at a predefined price level and will only be executed if the market reaches that price. This is useful for pullback, retracement, or level-based strategies. **Market Order** The trade is executed immediately at the best available market price. This is recommended when fast execution is critical and you want to ensure the position is opened without delay. --- ## 9. Quantity & Risk Management Settings ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-74-1024x251.avif) ### Option A: Fixed Quantity - Quantity Type: **QUANTITY** - Quantity Value: `1` Sends a fixed number of lots/contracts per trade. ### Option B: Risk Percentage - Quantity Type: **RISK PERCENTAGE** - Value: `2%` PickMyTrade calculates position size so the **maximum loss equals the chosen percentage** of account balance, based on stop-loss distance. --- ## 10. Stop Loss & Take Profit Configuration ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-75-1024x401.avif) Enable **Stop Loss / Take Profit**: **YES** > Match-Trader supports **one active SL and TP per symbol**. Any new alert in the same direction will overwrite existing SL/TP values. ### Available SL/TP Types - Dollar (from Entry) - Percentage - Price (From TradingView) - Ticks - Total Profit / Loss (USD) --- ### When configuring Stop Loss (SL) and Take Profit (TP) in automated trading, you can choose different methods to define exit levels. Each method manages risk and profits in a distinct way, depending on whether you prefer fixed values, percentages, or price-based logic. --- ### 1. Dollar (from Entry) Sets SL/TP using a fixed dollar amount from the entry price. This is useful when you want precise control over monetary risk. **Example:** Entry at $21,000 - Stop Loss: $500 → exits at $20,500 - Take Profit: $1,000 → exits at $22,000 --- ### 2. Percentage Calculates SL/TP as a percentage of the entry price, keeping risk proportional to market value. **Example:** Entry at $21,000 - Stop Loss: 2% → exits at $20,580 - Take Profit: 5% → exits at $22,050 --- ### 3. Price (From TradingView) Defines SL/TP at exact price levels, often based on technical analysis like support and resistance. Reference Document: [TradingView Plot Placeholder Integration](https://docs.pickmytrade.trade/docs/tradingview-plot-placeholder/) **Example:** Entry at $21,000 - Stop Loss: $20,800 - Take Profit: $22,200 --- ### 4. Ticks Uses a fixed number of ticks from the entry price. Commonly used in futures markets. **Example (NQ futures):** - 1 tick = 0.25 points = $5 - Stop Loss: 20 ticks → $100 risk - Take Profit: 40 ticks → $200 reward --- ### 5. Total Profit / Loss Closes the position once a predefined total profit or loss is reached, regardless of price. **Example:** Target Profit: $1,000 The trade closes as soon as either limit is hit. Max Loss: $500 --- ## 11. Match-Trader Account Management in PickMyTrade ### 10.1 Add Match-Trader Account (Same PickMyTrade Account) ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-76.avif) | Field | Example | Description | | --- | --- | --- | | PickMyTrade Conn. Name | MATCHTRADER1 | Select your Match-Trader connection | | Match-Trader Acc. Name | MT-ACC-001 | Choose broker account | | Option | QUANTITYMULTIPLIER | Position sizing method | | Qty Multiplier | 1 | 1 = same size, 2 = double | Click **Add Account** and **Confirm & Generate Alert**. --- ### 10.2 Add Match-Trader Account (Different PickMyTrade Account) Used when routing trades across multiple PickMyTrade accounts. ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-77.avif) | Field | Example | Description | | --- | --- | --- | | PickMyTrade Token | target_account_token | Token from destination account | | PickMyTrade Conn. Name | MATCHTRADER1 | Must exist in target account | | Match-Trader Acc. Name | MT-ACC-002 | Exact broker account name | | Option | QUANTITYMULTIPLIER | Same sizing logic | | Qty Multiplier | 1 | Trade size multiplier | > Execution will fail if the token or account mapping is incorrect. --- 10.3 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/2025/12/image-79.avif) --- ## 12. Final Step – Generate & Use Your Alert ![](https://docs.pickmytrade.io/wp-content/uploads/2025/12/image-29-1024x471.avif) 1. Copy the **Webhook URL** and **JSON payload** 2. Paste them into TradingView’s alert dialog Next, follow the TradingView setup guide to complete automation with Match-Trader. **[Setting Up TradingView Alerts for Automated Trading](https://docs.pickmytrade.io/docs/setting-up-tradingview-alerts-for-automated-trading-with-rithmic/)** [Get PickMyTrade → Automate Your TradingView Strategies](https://pickmytrade.io "PickMyTrade - Automated Trading") Last updated: **August 27, 2026** For AI tools & developers:[View Markdown →](https://docs.pickmytrade.io/docs/match-trader-automation-with-tradingview-indicator-alerts.md)