I have a setup that works but I don’t have the willpower to execute. Is there a way to have the trades execute automatically based on a set of rules?
Marked as spam
The answer to this question is, almost. In Thinkorswim, you can place orders and set up some basic rules. Those rules will cause the order to be in a holding pattern. Once the rules you specified are satisfied the order becomes live. So in this way the order will be executed only after your specified conditions have been met. You can use some of the built in studies to create these rules. And there is a ‘condition wizard’ that helps you build the rule set without even knowing how to write any code.
Be sure to check out this video for more details. We cover the process step-by-step and you will be surprised how easy it is.
Marked as spam
This is my first post/comment on the forums here. First and foremost I want to say that YOU ROCK! Love what you post and your clear, calm explanations of the processes. Thank you very much (I already sent a $20 donation of appreciation). They really help and Im already implementing what you teach. I have other questions, but will post them in the appropriate sections. Here’s my question about the ”AutoTrade” of ToS. Above you wrote:”In Thinkorswim, you can place orders and set up some basic rules….the order will be executed only after your specified conditions have been met.” My question is this: once the order has been executed, is the setup cancelled/removed and that’s why its not completely automatic? Is that why you call it ”AutoTrade Almost?” Please explain. Thanks.
I truly appreciate the positive feedback. And thank you very much for your contribution. I absolutely love doing this for a living and every contribution furthers that goal. In regards to your specific question. I will suggest the following post:
Please log in to post questions.