RoboQuant vs PickMyTrade: Quick Comparison
Both RoboQuant and PickMyTrade help traders automate TradingView alerts to execute trades on Tradovate and other brokers. But they differ significantly in pricing, features, and approach.
| Feature | RoboQuant | PickMyTrade |
|---|---|---|
| Monthly Price | $30/month | $50/month |
| Annual Savings | ~17% | ~17% |
| Free Trial | Yes | 5 days |
| Supported Brokers | Tradovate | Tradovate, Rithmic, IBKR, TradeStation, TradeLocker |
| Multi-Account | Unlimited | Unlimited |
| AI Features | Yes (code generation) | No |
| Setup Time | ~5 minutes | ~5 minutes |
Pricing Comparison
RoboQuant Pricing
RoboQuant offers webhook automation at $30/month, making it 40% cheaper than PickMyTrade.
- Unlimited trades and alerts
- Multi-account trading included
- No account limits
- AI-powered trading bot development (additional feature)
PickMyTrade Pricing
PickMyTrade charges $50/month (or $500/year) for their automation platform.
- Unlimited trades, strategies, and accounts
- 24/7 priority support
- Cloud-based operation
- 5-day free trial (no credit card)
Bottom Line: If you only need TradingView to Tradovate automation, RoboQuant saves you $240/year.
Feature Comparison
Webhook Execution
Both platforms offer fast webhook execution:
| Metric | RoboQuant | PickMyTrade |
|---|---|---|
| Execution Speed | <100ms | "Millisecond precision" |
| Uptime | 99.9% | Cloud-based 24/7 |
| Max Alerts | Unlimited | Unlimited |
Risk Management
RoboQuant:
- Daily loss limits per account
- Maximum position size limits
- One-click kill switch
- Per-account risk settings
PickMyTrade:
- Stop loss and take profit
- Trailing stops
- Risk percentage position sizing
- Auto-calculated position sizes
Both platforms offer solid risk management, though PickMyTrade has more built-in calculators.
Broker Support
RoboQuant focuses on:
- Tradovate (including all prop firm accounts via Tradovate)
PickMyTrade supports:
- Tradovate
- Rithmic
- Interactive Brokers
- TradeStation
- TradeLocker
If you trade on multiple brokers beyond Tradovate, PickMyTrade offers more flexibility.
Prop Firm Support
Both platforms support major prop firms that use Tradovate:
- Apex Trader Funding ✓
- Topstep ✓
- My Funded Futures ✓
- Bulenox ✓
For prop firm traders, either platform works well.
What RoboQuant Does Better
1. Lower Price
At $30/month vs $50/month, RoboQuant is significantly more affordable for traders who only need Tradovate automation.
2. AI-Powered Development
RoboQuant includes AI features for building trading bots:
- Natural language strategy description
- Code generation
- Debugging assistance
- Strategy optimization suggestions
PickMyTrade is purely an execution platform—it doesn't help you build strategies.
3. All-in-One Platform
RoboQuant combines:
- Code editor for strategy development
- Backtesting capabilities
- Webhook automation
- AI assistant
PickMyTrade focuses only on webhook execution.
What PickMyTrade Does Better
1. More Brokers
If you trade on Rithmic, Interactive Brokers, or TradeStation in addition to Tradovate, PickMyTrade supports all of them.
2. Advanced Position Sizing
PickMyTrade offers automatic position sizing based on:
- Account balance percentage
- Risk per trade
- Dynamic calculations
3. Established Track Record
PickMyTrade claims 3,000+ users and 3M+ trades executed. They've been in the market longer.
Which Should You Choose?
Choose RoboQuant if:
- You primarily trade on Tradovate
- You want the lowest monthly cost
- You're interested in AI-assisted strategy development
- You want an all-in-one platform for building and executing strategies
Choose PickMyTrade if:
- You trade on multiple brokers (Rithmic, IBKR, etc.)
- You need advanced position sizing calculators
- You prefer an established platform with a longer track record
- You don't need AI or development features
Migration: Switching from PickMyTrade to RoboQuant
If you're currently using PickMyTrade and want to switch:
- Sign up for RoboQuant (free to start)
- Connect your Tradovate account
- Copy your webhook URL
- Update your TradingView alerts with the new webhook
- Test with a paper trade first
The JSON format is similar, so most alerts work with minimal changes.
Conclusion
For traders who only need Tradovate automation, RoboQuant offers better value at $30/month vs $50/month—a savings of $240 per year.
If you need multi-broker support beyond Tradovate, PickMyTrade's wider broker integration may justify the higher price.
Ready to save money on your trading automation? Try RoboQuant free and see the difference.