1. Introduction #
This guide explains how Settings in PickMyTrade help you manage trading configurations for smooth and error-free automation. The Settings section plays a critical role in aligning trading parameters with broker-specific requirements across platforms like Interactive Brokers (IBKR), Rithmic, and TradeLocker.
By setting the right configurations, you ensure every trade is executed precisely as intended — whether you’re trading futures, stocks, or options.
2. Symbol Configuration #
Configure trading parameters for each symbol:
| Field | Description |
| Local Symbol | Name of the asset used in PickMyTrade |
| Symbol | Trading symbol for the asset |
| IB Symbol | Symbol recognized by IBKR |
| Quantity | Default trade size |
| Instrument Type | Asset type (e.g., stock, option, future) |
| Order Type | Market, Limit, etc. |
| Exchange | Trading venue for the asset |
| Currency | Currency of the asset |
| Lot Size | Minimum tradable unit |
| Min Tick | Minimum price increment |
3. Creating New Symbol Settings #
Manually create configurations if a symbol isn’t pre-defined
This section allows users to configure new trading settings, including:
- Symbol: Enter the asset you want to trade.
- Order Type: Select order execution type (e.g., market, limit).
- Quantity: Define trade size.
- Lot Size: Specify the lot size per trade.
- IB Symbol: The corresponding Interactive Brokers symbol.
- Min Tick: Set minimum tick size for the asset.
- Click Save to apply changes.
More Resources #
Want to automate trades on platforms beyond Rithmic, such as Interactive Brokers, TradeLocker, TradeStation, or ProjectX?
Explore all PickMyTrade setup guides
Using Tradovate instead?
View the Tradovate automation guide
Last updated: June 19, 2025
