TOS Strategy Analysis 8

Strategy Equity & P/L Graph

Strategy Equity & P/L Graph

Analyzing Strategy Outputs from Thinkorswim

How far can I push the limits…? This is a question which constantly echoes through my mind. No matter what the adventure, my mind is always searching to see just how far I can push. I am a veracious learner and I must be continually learning new things. It is a hunger which is rarely quenched. Teaching, is the highest form of learning. I found out some time ago, the more I teach the more I learn. I’ve learned some really cool stuff while teaching you guys and gals how to hack your TOS platforms. Every Saturday morning I wonder, what is today’s video going to be about? Often times, hours go by while I haven’t a clue what I’m going to teach.

Well here I am late into a Saturday evening and I don’t have anything recorded yet. No worries, I spent the day developing some great material. I know exactly what the next video is about. I am very excited to get started, but it will have to wait until tomorrow. I decided to write this brief article for you, to give you an idea what is going to be covered in the next video. As the title suggests, the video is going to be all about TOS Strategy Analysis.

Presenting First: The End Result

I’ll begin by showing you the end product. A graph with two lines. One plotting the Total Equity while the other plots the P/L Curve.

Strategy Equity & P/L Graph

Strategy Equity & P/L Graph

This chart is compiled directly from data exported from the Thinkorswim platform. What you see is the result of combining data exported from six different stock charts. I’ll be honest, for Excel users, it takes an average skill level to pull this off. If you’re a novice spreadsheet user, or if they terrify you, this is probably not going to be easy. But the efforts can be so worth it. In the video, I will show you step-by-by how to put this all together. If you follow the instructions without missing any steps you should be off and running in no time.

So Just How Frightening Is This Spreadsheet?

Here is a screenshot showing the strategy data from Thinkorswim pasted into an Excel spreadsheet.

Strategy Spreadsheet

Strategy Spreadsheet

This example include only a single symbol, CAT. But in the video I’ll show you how to add strategy exports from as many stocks as you can manage. There is an issue with the Date/Time column, but I’ve got a solution for it and you will see me do it step-by-step. After the Date/Time is corrected we’ll be adding 4-5 columns. I’ll show you the formula for each column. After that we simply sort the entire data set by the Date/Time column and it’s done. Once completed, it takes just a few more clicks for producing the graph displaying the Total Equity and P/L Curve.

Straight From the Source

The last screenshot I’ll leave for you is the Strategy Export screen on Thinkorswim.

Strategy Report Export

Strategy Report Export

This will be the first step. For each stock you want to include in the analysis, you will right-click on the charts and select “Show Report” from the menu. Next you just click the “Export File” button in the lower right and choose a location to save it. Select the next stock symbol, and repeat. Once you get all the exports done we open each report file and copy/paste the data into the spreadsheet. Most of this is what i call grunt work. If you want to include 20 or more stocks it will just take some time to get everything exported. But I suggest you start off with just 2-3 stocks for your first run. Then add more as you get comfortable with the process.

For Advanced Users Only:

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Relax, and Enjoy the Fruit of Your Efforts!

After it’s all done, you get some very useful information about your selected strategy. Information that will help you make adjustments, optimizing for your risk tolerance and available capital. Once the video is published, I will include a link to it here at the end of this article.

Thanks for all your support. Take care everyone.

About Pete Hahn

For those trying to contact me about our professional services you will find all those details here: Any questions not related to our professional services or premium indicators should be directed to the comment section of the applicable video or you may post a question in our Q&A Forum:

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8 thoughts on “TOS Strategy Analysis

  • Mel

    Pete I have completed the video up to the saving the chart report in to Excel. Perhaps you cover it later but most of the report from the chart have a date stamp like 3/12/22 1:30pm. Not all do but most over several days do. How to address that? Thanks in advance.

    • Pete Hahn Post author

      Sorry but I’m not sure what the issue is. If the date stamp incudes both date and time than it can mean one of two things. 1. it may be that you are using this on an intraday time frame. In which case the date and time is perfectly normal 2. If you are using this on a daily time frame than you probably just need to change the formatting of that column to display only the date and exclude the time.

  • Jon

    Couldn’t you just open the csv files instead of the html files? CSV. Comma separated values. The file format specifically created for spreadsheets?

    • Pete Hahn Post author

      At the time this video was published there was a glitch in Thinkorswim that prevented this from working correctly. The video explains the workaround. You may use whatever method is easiest for you.

  • Scott

    Is it possible to test a strategy across multiple stocks at the same time and get one report? I assume not based on your videos and my own playing with the platform, but thought I would ask. Thanks