---
title: ProjectX TradingView Indicator Alerts
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date: 2025-06-16
modified: 2026-09-04
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# ProjectX TradingView Indicator Alerts – Automate Futures Entries

**Last Updated:** September 4, 2026  |  **Published:** June 16, 2025

Want to automate futures trades using TradingView indicator alerts? This guide shows you how to use **[ProjectX](https://www.projectx.com/login) [TradingView](https://www.tradingview.com/)Indicator Alerts** with PickMyTrade for fast execution, risk control, and SL/TP configuration.

## 1. Connect Your ProjectX Account to PickMyTrade

Before creating alerts, you must link ProjectX to PickMyTrade:

1. Click **Connections** in the top-right of PickMyTrade
2. Select **Add New Connection** and enter your credentials:

| Field | Description | Example |
| --- | --- | --- |
| PickMyTrade Connection Name | Your custom name for this connection | PROJECTXI |
| Prop Firm Name | Your proprietary firm name (if applicable) | topstepx |
| Username | Your ProjectX login ID | fheer12@ |
| API Key | Your ProjectX API key | Fjvolazou-ES |

1. Click **Save** and verify the connection status shows **Active**

![PickMyTrade dashboard showing ProjectX Connection button and Add New Connection option in the platform table](https://docs.pickmytrade.io/wp-content/uploads/2025/06/1-1024x163.png)

![Trading Platform by ProjectX table with Add New Connection button highlighted in PickMyTrade](https://docs.pickmytrade.io/wp-content/uploads/2025/06/2-1024x169.png)

## 2. Generate the Alert in PickMyTrade

Once ProjectX is connected:

1. Navigate to **Generate Alert** in the sidebar.
2. Fill out the required configuration fields (see below).
3. Click **Generate Alert** to receive your webhook message and URL.

## 3. Select ProjectX as Your Broker

- **Broker:** ProjectX   
Select ProjectX from the broker dropdown list.

![Symbol Details panel with Broker dropdown open showing ProjectX selected in PickMyTrade](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-5-1024x429.avif)

## 4. 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.

![Alert Type dropdown showing INDICATOR and STRATEGY options with INDICATOR selected](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-6-1024x255.avif)

**Example:**

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

## 5. Enter the TradingView Symbol

Enter the TradingView symbol (e.g., **MNQ1!**).

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

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

![TradingView Symbol field filled with MNQ! next to Broker and Alert Type fields](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-8-1024x170.avif)

---

## 6. Configure Order Details for Trade Action {#7-toc-title}

![Order Details panel with Alert Type dropdown open showing BUY, SELL, CLOSE options](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-9-1024x433.avif)

### **Buy Alert** {#8-toc-title}

**If already in a Buy Position:**  
Triggering a new **Buy Alert** will **add to the current buy position**.

**If in a Sell Position:**  
The system will **first close the sell position**, **cancel all open sell orders**, then **open a new buy position**.

> _All open **sell orders** will be canceled when a Buy Alert is triggered._

---

### **Sell Alert** {#9-toc-title}

**If already in a Sell Position:**  
Triggering a new **Sell Alert** will **add to the current sell position**.

**If in a Buy Position:**  
The system will **first close the buy position**, **cancel all open buy orders**, then **open a new sell position**.

> _All open **buy orders** will be canceled when a Sell Alert is triggered._

---

### **Close Alert** {#10-toc-title}

The system will **close all open positions** and **cancel all open orders**.

It will **not open any new positions**.

**Example Configuration:**

- Alert Type: **BUY**

## 7. Quantity & Risk Management Settings {#11-toc-title}

![Quantity and Risk Management panel with Quantity Type dropdown open showing QUANTITY selected and value set to 10](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-11-1024x536.avif)

#### Option A: Quantity {#12-toc-title}

- **Quantity Type:** QUANTITY
- **Quantity Value:** 1  
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 {#14-toc-title}

![Stop Loss and Take Profit panel with Mode dropdown showing Point/Dollar, Ticks, and Total Profit/Loss options](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-12-1024x507.avif)

- **Enable Stop Loss / Take Profit:** YES

 **Important**: ProjectX does not support bracket orders. Only one TP and SL may exist per symbol—any new alert in the same direction overwrites previous SL/TP values.

- **Type:**
  - **Point / Dollar (From Entry Price)**
  - **Ticks**
  - **Total Loss / Profit (USD)**

---

### 1. **Point / Dollar (From Entry Price)** {#15-toc-title}

Define Stop Loss and Take Profit as fixed dollar values added to or subtracted from the entry fill price.

---

#### Example — Price Movement Reference {#16-toc-title}

- **Entry Price:** 21,680 (MNQZ5)
- **Stop Loss Input:** 100
- **Take Profit Input:** 200

![Stop Loss and Take Profit in Point/USD fields set to 100 and 200 with max loss and profit calculations](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-13-1024x404.avif)

**Resulting Price Levels:**

- **Stop Loss Price** = 21,680 − 100 = **21,580**
- **Take Profit Price** = 21,680 + 200 = **21,880**

> These price levels determine when your SL/TP orders will trigger.

---

#### Example — Risk/Reward Calculation {#17-toc-title}

To calculate the actual dollar risk or profit per trade, use the formula below.

**Formula:**  
`Result = Value × Lot Size × Quantity`

---

**Stop Loss Calculation:**

- **Stop Loss (Points):** 100
- **Lot Size:** 2
- **Quantity:** 1

**Result:**  
100 × 2 × 1 = **$200.00**

---

**Take Profit Calculation:**

- **Take Profit (Points):** 200
- **Lot Size:** 2
- **Quantity:** 1

**Result:**  
200 × 2 × 1 = **$400.00**

![Calculation Details popup showing Result 200.00 from Stop Loss times Lot Size times Quantity formula](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image.png)

---

### 2. **Ticks** {#29-toc-title}

When using the **Ticks** method for Stop Loss and Take Profit, you define the distance from the entry price in **ticks** instead of fixed price levels or percentages. This is especially relevant in **futures trading**, where tick size and tick value are standardized per instrument.

To use this method correctly, make sure:

- The **symbol** is specified
- The **tick size** and **lot size** are properly configured

---

#### Example Configuration {#30-toc-title}

- **Symbol:** MNQZ5 (Micro Nasdaq Futures)
- **Entry Price:** 21,680
- **Tick Size:** 0.25
- **Lot Size:** 2
- **Quantity:** 1
- **Stop Loss Ticks:** 500
- **Take Profit Ticks:** 1000

![Stop Loss Take Profit Ticks mode with Ticks Value for SL 500 and TP 1000](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-14-1024x377.avif)

---

### Price Level Calculation {#31-toc-title}

**Step 1: Convert Ticks to Points**

- Stop Loss in Points = 500 × 0.25 = **125 points**
- Take Profit in Points = 1000 × 0.25 = **250 points**

**Step 2: Calculate SL and TP Price Levels**

- **Stop Loss Price** = 21,680 − 125 = **21,555**
- **Take Profit Price** = 21,680 + 250 = **21,930**

These levels define where your stop and target orders will be placed relative to the entry.

---

### Dollar Value Calculation {#32-toc-title}

To estimate how much money is at risk or can be gained per trade, use this formula:

**Formula:**  
`Result = Tick Count × Lot Size × Min Tick × Quantity`

---

#### Stop Loss Calculation {#33-toc-title}

- **Stop Loss Ticks:** 500
- **Lot Size:** 2
- **Min Tick:** 0.25
- **Quantity:** 1

**Calculation:**  
500 × 2 × 0.25 × 1 = **$250.00**

---

#### Take Profit Calculation {#34-toc-title}

- **Take Profit Ticks:** 1000
- **Lot Size:** 2
- **Min Tick:** 0.25
- **Quantity:** 1

**Calculation:**  
1000 × 2 × 0.25 × 1 = **$500.00**

---

### Summary {#35-toc-title}

**Total Reward per Trade:** $500.00

**Stop Loss Price:** 21,555

**Take Profit Price:** 21,930

**Total Risk per Trade:** $250.00

![Formula card showing Stop Loss Ticks calculation with final result of 250.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-6-edited.png)

![Formula card showing Take Profit Tick calculation with final result of 500.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-7.png)

### 3. **Total Profit / Loss (USD)** {#36-toc-title}

#### Order Configuration {#37-toc-title}

This method allows you to define **Stop Loss and Take Profit as fixed dollar values per contract**, regardless of price or tick movement.

---

#### Example Configuration: {#38-toc-title}

- **Stop Loss per Contract:** $300
- **Take Profit per Contract:** $600
- **Quantity:** 1 contract

![Total Profit Loss mode with Total Loss USD per contract set to 300 and Total Profit set to 600](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-16-1024x381.avif)

---

#### How It Works: {#39-toc-title}

- **Total Loss =** $300 × 1 = **$300**
- **Total Profit =** $600 × 1 = **$600**

Once the loss or profit reaches the defined USD threshold _per contract_, the position is closed.

---

#### Point Movement for Reference (Optional) {#40-toc-title}

Assuming:

- The asset moves **$1 per point**
- **Entry Price of MNQZ5:** 21,680

Then:

- **SL in Points =** $300 ÷ $1 = **300 points**
- **TP in Points =** $600 ÷ $1 = **600 points**
- **Stop Loss Price =** 21,680 − 300 = **21,380**
- **Take Profit Price =** 21,680 + 600 = **22,280**

![Formula card showing Total Stop Loss times Quantity calculation with final result of 300.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-9.png)

![Formula card showing Total Take Profit times Quantity calculation with final result of 600.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-10.png)

---

## 9. What Is Auto-Trailing Stop Loss?

![Stop Loss Take Profit panel with Enable Trailing Stop toggle set to YES highlighted](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-17-1024x446.avif)

The **Auto-Trailing Stop Loss** in ProjectX dynamically adjusts your stop-loss level as the market price moves in your favor. It helps protect profits and minimize losses by following price movement automatically — without needing you to set a fixed value.

### 1.**For Buy (Long) Trades**

When the market price **goes up**, the stop-loss moves **up** automatically to secure some of the unrealized profit.  
If the market **reverses** and starts falling, the stop-loss stays at the last adjusted level — locking in your gains.

### 2. **For Sell (Short) Trades**

When the market price **goes down**, the stop-loss moves **down** automatically to protect profits.  
If the market **reverses upward**, the stop-loss remains fixed at the last adjusted level.

**Note:** Since the trailing stop in ProjectX is **dynamic**, there’s no need to enter a specific trail value — it automatically follows your position based on market movement.

---

## 10. ProjectX Account Management in PickMyTrade

This section explains how to add your ProjectX account to PickMyTrade for automated execution. You can either connect your TradeStation login within your current PickMyTrade account or link it across multiple PickMyTrade accounts.

### 9.1 Add ProjectX Account in Current PickMyTrade Account

Use this option if your ProjectX login is already connected to the same PickMyTrade account you’re currently using.

![Add Trading Account form with Sub-account of my login selected and connection details filled in](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-19.avif)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Conn. Name | PROJECTX1 | Select the correct ProjectX connection name from the dropdown. |
| PROJECTX Acc. Name | S1JUN111567888 | Choose your ProjectX account from the dropdown (must be linked). |
| Option | QUANTITYMULTIPLIER | Choose your preferred position sizing method. |
| Qty Multiplier | 1 | A multiplier of 1 sends exact quantity. 2 would double trade size, etc. |

Click **Save** to apply changes.  
Make sure your ProjectX connection is active and verified in the account.

---

### 9.2 Add ProjectX Account in Another PickMyTrade Account

Use this setup if you want to send trades into a different PickMyTrade account — useful when managing multiple logins.

![Add Trading Account form with Another ProjectX login selected showing PickMyTrade Token field](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-20.avif)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Token | your_target_token | Token from the target PickMyTrade account you want to connect to. |
| PickMyTrade Conn. Name | PROJECTX1 | Must match the ProjectX connection name inside that target account. |
| PROJECTX Acc. Name | PRACTICEJUN11166544 | Enter the exact ProjectX account name as shown in the terminal. |
| Option | QUANTITYMULTIPLIER | Same sizing logic as above. |
| Qty Multiplier | 1 | Multiply trade quantity by this value (1 = unchanged, 2 = double, etc.) |

Ensure the PickMyTrade token is copied accurately and the ProjectX connection exists in the destination account.  
Execution will fail if the mapping is incorrect.

## Final Step – Generate Your Alert

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

![Add Trading Account form with 1 account queued and Confirm and Generate Alert button](https://docs.pickmytrade.io/wp-content/uploads/2025/06/image-21.avif)

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

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/)**

[Get PickMyTrade → Automate Your TradingView Strategies](https://pickmytrade.io "PickMyTrade - Automated Trading")

Last updated: **September 4, 2026**

For AI tools & developers:[View Markdown →](https://docs.pickmytrade.io/docs/projectx-tradingview-indicator-alerts.md)