Thinkorswim AutoTrade Almost 4


Thinkorswim AutoTrade Almost

In this video we show how to build your own code using a point and click condition wizard. The condition wizard

Thinkorswim AutoTrade Almost

Thinkorswim AutoTrade Almost

makes it very simple to build your own set of rules for trade execution. However you may not realize the code generated by the condition wizard can be very easily inserted into a template to form a Strategy and/or Custom Chart Study. We supply the templates, and show you how to put it all together. You will learn how to build your code using the condition wizard and you will learn how to convert that into a Strategy file. And Using tools we provided in previous videos you will then be able to analyze the performance of those Strategies.

We also show you how to use the condition wizard to generate orders that will execute in the same way as those theoretical orders generated by the custom Strategies.
 
AutoTrades are not fully supported on Thinkorswim as on other platforms. However if you learn how to connect the pieces you can place conditional orders that await the signal created by a set of defined rules. Once the conditions are satisfied, the order is released from hold and becomes a live order.

DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.

*Thinkorswim is a chart analysis platform offered by TD Ameritradewww.tdameritrade.com

TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.

 

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Watch the video, Thinkorswim AutoTrade Almost below:

 

 

This is the code for the Strategy Template:

 

This is the code for the Study Template:

 

This is the code for the revised SLM Ribbons study:

 

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4 thoughts on “Thinkorswim AutoTrade Almost

  • Profile photo of Hilario Dsouza
    Hilario Dsouza

    Hi Pete,
    Thanks for the video and the code.
    I copied the code (from the strategy template) and pasted it into a new study on a 2 min time chart for /TF, but I do not see any orders show up on the chart, like in your video. I have tried various things and they refuse to show. I even opened TOS from a different computer :). Any ideas

    Thanks
    Hilario

  • Profile photo of Terry C
    Terry C

    Hi Pete,
    I have been studying your recent youtube “Thinkorswim AutoTrade Almost” video.
    It has been very educational!
    Thanks for distilling the process down so elegantly.
    I have been attempting to set up a conditional order through the wizard that applies to Options on ETF’s that I track on a 10 tick Renko Bar chart.
    I see that in the wizard, the only chart options are from 1 minute to 1 month. There are no tick options nor any way to identify a specific type of bar (i.e. Renko 10 ticks).
    Do you know of any way to set up a conditional order with the chart criteria I mentioned?
    Your assistance is greatly appreciated.
    Terry

    • Profile photo of Pete Hahn
      Pete Hahn Post author

      Hi Terry,
      Thanks for the feedback. At this time there are no options for Tick, Range or Renko charts using conditional orders, scans, or study alerts. Be sure to submit this to support@thinkorswim as a feature request. If enough folks request this they are likely to add this in a future release.
      Take care, good luck in your trading.