Looking to automate futures trades with precision? The Morning Star candlestick pattern at support can be a powerful signal — especially when paired with automated futures trading tools like PickMyTrade, Rithmic, and ProjectX charts.
This guide will show you how to:
- Identify a Morning Star pattern at key support zones
- Set smart stop-loss and profit targets
- Auto-trade futures using TradingView alerts with brokers like TopstepX, TradeLocker, and Interactive Brokers
What is a Morning Star in Automated Futures Trading?
A Morning Star is a bullish candlestick reversal pattern. It’s made up of three candles:
- Large bearish (red) candle – confirms a strong downtrend
- Small indecision candle – signals slowing momentum
- Strong bullish (green) candle – closes above the midpoint of the first
This pattern signals a potential reversal — especially powerful when it forms near a major support zone on your ProjectX chart.
Step-by-Step: Morning Star Setup for Automated Futures Trading
Here’s how to trade the pattern effectively using auto trading for futures:
Step 1: Spot the Support Zone
Use TradingView with ProjectX or custom indicators to identify price zones where markets have bounced previously.
Step 2: Wait for Morning Star Formation
Patience is key. Watch for the 3-candle Morning Star formation right at the support level.
Step 3: Enter the Trade
- Buy Entry: Right after the third candle closes green
- Stop-Loss: Below the low of the entire pattern
- Take-Profit: Set at 2x your risk (e.g., if risk is 10 ticks, target 20 ticks)
How to Use PickMyTrade to Automate Your Futures Trading Strategy
Why place trades manually when you can use a futures trading bot?
Here’s how to automate your futures trades using a TradingView webhook and PickMyTrade.io:
- Set a TradingView alert based on Morning Star + support logic
- Link it to PickMyTrade for auto execution
- Choose your broker: Rithmic, TopstepX, TradeStation, or Interactive Brokers
- Auto-place entry, stop-loss, and take-profit in one click
💡 This is how professional futures traders automate their setups.
Example: Auto-Trade Setup Using Rithmic & Morning Star
- Support Level: 4320 on E-mini S&P futures
- Pattern: Morning Star appears right at that level
- Action:
- TradingView alert triggers
- PickMyTrade auto-executes the buy via Rithmic
- TP and SL pre-defined in the signal
Your auto trade futures strategy is now live without lifting a finger!
Why Futures Trading Automation Matters
Using tools like PickMyTrade futures execution offers:
- Speed and precision
- Elimination of emotional trading
- True 24/5 monitoring
- Compatible with futures trading bots and algo trading systems
Final Thoughts
Whether you’re using TopstepX, Rithmic, or any supported broker, automating a Morning Star at support can:
- Improve your win rate
- Tighten your risk management
- Scale your strategy with ease
Ready to automate futures trading and let your strategies run themselves?
🔗 Start today with PickMyTrade.io — connect your TradingView alerts to Rithmic or TopstepX and trade smarter.
Also Check-Out: Master Support and Resistance in Automated Stock Trading
