If you’re aiming to improve your strategy, automate trading with platforms like Interactive Brokers can give you the edge—especially when paired with pivot point analysis. This guide teaches you how to spot rank 5 and rank 7 pivot points and then automate your execution using PickMyTrade, an automation tool that integrates with TradingView.
What Are Pivot Points in Automate Trading?
Pivot points are key highs and lows on a chart that signal potential reversals. Identifying them correctly can help you plan precise trades, especially when automated through tools like Interactive Brokers automation.
Rank 5 Pivots for Quick Reactions
- Pivot High: A candle is higher than the 5 before and 5 after it.
- Pivot Low: A candle is lower than the 5 before and 5 after it.
These are excellent for short-term automate setups using TradingView + PickMyTrade with Interactive Brokers.
Rank 7 Pivots for Stronger Signals
- Pivot High: A candle is higher than the 7 before and 7 after it.
- Pivot Low: A candle is lower than the 7 before and 7 after it.
Use these for swing trades or longer-term trades, especially when paired with auto-trade logic on platforms like IBKR.
Why Pivot Points Matter for Auto Trading
Pivot points support:
- Accurate trendlines
- Support/resistance levels
- Smart entry/exit logic for bots
This makes them ideal inputs for automated trading systems that rely on clean structure and technical confirmation.
Automate Your Pivot Strategy with Interactive Brokers
Once you identify pivot levels, you can automate the trade directly from TradingView connected to Interactive Brokers using PickMyTrade . Set entry, stop loss, and take profit based on the pivot, and let automation handle the rest.
No more missed setups or emotional trades—just clean logic and reliable execution.
Final Thoughts
Trading pivots doesn’t have to be complex. With rank 5 and rank 7 pivots and Interactive Brokers automation, your trading becomes systematic and efficient. Use PickMyTrade to automate trades via TradingView, and free yourself from manual entries.
Also Checkout: Automated Futures Strategy: Evening Star Setup
