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TradingView to Tradovate Settings – PickMyTrade

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1. Symbol Mapping in PickMyTrade

What is Symbol Mapping?

  1. TradingView symbols do not always match Tradovate symbols.
  2. PickMyTrade automatically maps TradingView symbols to their correct Tradovate equivalents to ensure accurate trade execution.

Example:

  1. TradingView sends a trade signal for NQ.
  2. PickMyTrade maps it to NQM5 (the correct Tradovate symbol).
  3. This ensures that Tradovate understands and executes the trade correctly.

How to Check Symbol Mapping

  1. Navigate to Settings in PickMyTrade.
  2. Use the Search Bar to check if a symbol is mapped. (Example: Searching for NQ will display its current mapping. )

Symbol: Symbols from TradingView

Local Symbol: Symbols from Tradovate

2. Stop Loss & Take Profit Configuration

Key Takeaway: No need to configure SL/TP in settings anymore!

3. Order Types & Entry Offset

Order Types Supported

  1. ✅ Market Order – The default order type.
  2. ✅ Limit Order – Requires additional settings.

Configuring Limit Orders in PickMyTrade

Using a Different Chart Symbol

  1. Example: If you're analyzing Apple (AAPL) chart but want to place a trade for NQZ4, you can manually set this mapping in settings.

Setting Order Quantity

  1. Define the trade quantity directly in TradingView alerts instead of settings.

Using Entry Offset for Limit Orders

What is Entry Offset?

  1. It adjusts the price of a Limit Order relative to the current market price.
  2. This increases the likelihood of execution without converting it into a Market Order.

Example:

  1. Market price: 100
  2. Entry Offset: -2
  3. Final order price: 102 (100 + 2 ticks)

✅ Key Takeaway: Entry Offset helps place limit orders closer/further from market price, making it act like a "controlled market order".

4. Override Mapping & Auto-Rollover Settings

A. Override Mapping

Important: If you enable Override Mapping, Auto-Rollover will NOT work!

What is Override Mapping?

  1. It allows you to manually edit symbol mappings.
  2. This is useful if you need to trade a different contract than the system’s default mapping.
  3. Example: Changing NQZ4 (December 2024) to NQM5 (March 2025) manually.

How to Enable Override Mapping

  1. Go to Settings > Create Settings.
  2. Enable the "Override Mapping" checkbox to apply manual changes.
  3. Confirm that the lot size & tick size are correct.

✅ Key Takeaway: If you override a symbol manually, you must update it when the contract expires—Auto-Rollover will NOT happen.

Auto-Rollover in PickMyTrade

What is Auto-Rollover?

  1. Auto-Rollover automatically updates contracts when they expire.
  2. Example: If NQZ4 (December 2024) expires, it will automatically roll over to NQH5 (March 2025).
  3. Auto-Rollover happens by default unless you manually override the mapping.

How Auto-Rollover Works

  1. ✔ By Default: Auto-Rollover applies automatically four days before contract expiration.
  2. ✔ No Separate Setting: There is no dedicated Auto-Rollover checkbox—it is enabled unless you check "Override Mapping" in the settings.

Override Mapping & Auto-Rollover

Important: If you enable Override Mapping, Auto-Rollover will NOT happen.

  1. Setting Name: 📌 "Override Mapping (if you override default mapping then automatic rollover would not happen)"
  2. Effect: If this box is checked, you are manually controlling the contract mapping, and the system will not automatically roll over contracts.

Handling Open Orders During Rollover

  1. If Auto-Rollover applies, any new orders will be placed on the new contract.
  2. However, existing open trades on the old contract must be manually closed.

5. Lot Size & Tick Size Configuration

Why is Tick Size & Lot Size Important?

  1. These values define price movements in a futures contract.
  2. Incorrect values may result in trade execution errors.

How to Find Tick Size & Lot Size in TradingView

  1. Open TradingView and select the instrument.
  2. Go to Security Info.
  3. Note the values:
  4. - Point Value = Lot Size
  5. - Note the values:
  6. Enter these values in PickMyTrade settings.

✅ Key Takeaway: If lot size & tick size don’t match, orders may not execute properly.

✅ Final Takeaway:

  1. If you manually change a contract (Override Mapping), Auto-Rollover will NOT work.
  2. Auto-Rollover moves trades to the next contract 4 days before expiration.
  3. Stop-Loss & Take-Profit are now configured in TradingView alerts, not settings.