Auto Trades


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So I am not sure if this can be done but I have Full time job and cant always get into trades from my alerts. I currently trade Forex, crude oil and nat gas off the ichimoku. I would love to be able to enter a trade at the alert(Chart alerts and scans are set up) and have an OCO order entered with my stop being either above or below the cloud (depending on direction of the trade) and a Limit order to scale out (based on # of contracts open) based on the % difference between my entry and stop(ie. 50%, 100%, 150%).  Does this make sense and is this even close to possible or does it have to be all manual intervention?  Thanks!!

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Posted by (Questions: 8, Answers: 4)
Asked on July 13, 2017 7:24 pm
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Have you viewed our video on this topic? https://www.hahn-tech.com/thinkorswim-autotrade-almost/

( at July 14, 2017 7:21 am)
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I have thank you. My question was more along the line of how to write the script to be used to:
1. allow for a scale out of a position and having those values reflect a %delta between the entry and stop.
2. Having the stop order cancel out the open limit orders if triggered first (OCO)
3. Will these conditional orders stay open once they are triggered or do you have to go back and recreate the conditional order

( at July 15, 2017 7:08 am)
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Ok, thanks for clarifying. The conditional order is extremely limited. The code can only be used to submit the order to market. Nothing more. So in order to handle the multiple profit targets and a stop you must configure an OCO bracket order, then use the conditional order wizard to configure when the order is submitted to market. Pretty much everything you describe is handled natively by the bracket order itself. Perhaps you hadn’t considered you could configure an OCO bracket order and have the code submit that entire bracket order to market?

Once the conditional order is triggered, it does not regenerate. It must be recreated for each use. But you can save the order, along with the condition, in an order template.

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Posted by (Questions: 37, Answers: 4084)
Answered on July 15, 2017 8:42 am
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New features have been enabled in Thinkorswim which provide fully automated round trip trades. Meaning we can now automate the entry and the exit and we can daisy-chain multiple stages within the order sequence so that multiple round trip trades can be accomplished automatically. In addition to this, we can save these orders as an order templates so they can be reused with very little effort.

Check the following video for the full details:

https://www.hahn-tech.com/thinkorswim-automated-round-trip-trades/

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Posted by (Questions: 37, Answers: 4084)
Answered on April 18, 2022 1:46 pm