Auto Place Buy And Sell Orders In ThinkOrSwim

[MerryDay]

How can we multiple stock in thinkorswim 15 to 20 stock buy or sell together in one click ?
Please help

ToS does not provide the ability to buy or sell a group on stocks in one click.

 

[Kasper777]

Placing live orders from ToS thinkScrit strategies
I've working on my stategy for a long time and now I'm pretty ready. Do you guys know how can I place orders straight from ToS or integrate it somehow so it will place the orders automatically? Thank you.

 

[dominooch]

Hi, is there a way to automate these trades
https://usethinkscript.com/threads/...rsion-strategy-indicator-for-thinkorswim.114/
using the upper strategy?

 

[BAP]

Can someone please look at my script and see if an issue is in the script? Orders do appear on the chart and show reports but not triggering. Thanks in advance.

 

[MerryDay]

I have the same issue, orders are not triggering. Can someone please look at my script and see if an issue is in the script? Orders do appear on the chart and show reports but not triggering. Thanks in advance.

AddOrder is only for backtesting. It does not create real orders.
There is no automatic trading on the ToS platform.
https://usethinkscript.com/threads/...rders-in-thinkorswim.15540/page-3#post-126271

 

[TRex50]

I'm trying to code a moving average cross for algo trading on TOS with two stop losses but Condition Wizard won't allow me at add a buy order and short sale order for the same ticker. Has this changed recently within TOS?
For example: I'm trying to tell TOS to buy shares when EMA (1) crosses above SMA(2) and then having a hard stop loss of $0.30 lower than cost basis or whenever EMA (1) crosses below SMA(2). However, when I add a new order to short sell a ticker when EMA(1) crosses below SMA(2), Condition Wizard tells me it will cancel the other existing order.

Also, I'm trying to add a "loop" feature within the code so if the buy trade gets triggered and then sold, TOS will automatically add a new buy order without manual instruction on my part.

If anyone can offer guidance or suggestions, it would be greatly appreciated.

 

[TRex50]

The ToS platform does not support automatic buy and sell orders.
Executing trades requires manual input from you.

While ToS provides the ability to set up a conditional order:
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-80482
It still needs to be created manually, and it only executes once.


@samlee @jakin000000 @bkpshah @Kasper777 @firstuser @dominooch
@BAP @TRex50

Thank you for the response back. Do you know if TOS made a change in the last few months because I cannot add a buy trade order and separate short sale trade order for the same ticker in condition wizard? I was able to do that early this year but no longer.

 

[MerryDay]

Thank you for the response back. Do you know if TOS made a change in the last few months because I cannot add a buy trade order and separate short sale trade order for the same ticker in condition wizard? I was able to do that early this year but no longer.

The bad news is that Schwab has been making many tweaks which weren't supposed to have any effect on our use of the app but ends up having unintentional consequences.

The good news is that they have been very responsive to making fixes when they have been told something needs to be fixed.

The 1st step would be to contact support.
https://usethinkscript.com/threads/how-to-contact-tos-support-for-thinkorswim.11520/

 

[ConCac]

I know how to place a limit order manually during pre-market. Does anyone know how to automatically place a limit order during extended hours?
or is there a hot keys in TOS where I can use ?

 

[CyrusCall]

Is there a way to have an automatic profit take and stop loss percentage for any option that I get into? I want to have an automatic 25% profit take and 15% stop loss for every option but I don't know how to make it in thinkscript.

I tried to use a code like this but it didn't work

# Automatic Profit Take and Stop Loss for Options

input profitTargetPercentage = 25; # 25% profit target
input stopLossPercentage = -15; # 15% stop loss

# Calculate profit target and stop loss levels
def profitTarget = close * (1 + profitTargetPercentage / 100);
def stopLoss = close * (1 + stopLossPercentage / 100);

# Create orders for profit target and stop loss
AddOrder(OrderType.BUY_TO_CLOSE, close >= profitTarget, Color.GREEN, name = "Profit Target");
AddOrder(OrderType.BUY_TO_OPEN, close <= stopLoss, Color.RED, name = "Stop Loss");

 

[MerryDay]

Is there a way to have an automatic profit take and stop loss percentage for any option that I get into? I want to have an automatic 25% profit take and 15% stop loss for every option but I don't know how to make it in thinkscript.

I tried to use a code like this but it didn't work

# Automatic Profit Take and Stop Loss for Options

input profitTargetPercentage = 25; # 25% profit target
input stopLossPercentage = -15; # 15% stop loss

# Calculate profit target and stop loss levels
def profitTarget = close * (1 + profitTargetPercentage / 100);
def stopLoss = close * (1 + stopLossPercentage / 100);

# Create orders for profit target and stop loss
AddOrder(OrderType.BUY_TO_CLOSE, close >= profitTarget, Color.GREEN, name = "Profit Target");
AddOrder(OrderType.BUY_TO_OPEN, close <= stopLoss, Color.RED, name = "Stop Loss");

AddOrder is only for backtesting. It does not create real orders.
There is no automatic trading on the ToS platform.
https://usethinkscript.com/threads/...rders-in-thinkorswim.15540/page-3#post-126271

 

[bauereri]

Im relatively new to TOS and have a strategy id like to test but cant quite figure out how to implement it. I am looking for a way to trigger an order based on the size of a spread. So essentially:

• Security X - Security Y => Value Z. If yes, trigger Market Order for X and Y.

Any ideas on how to get this done?

Thanks

 

[JK100]

hi,
i'd like to create an automated trading order on thinkorswim based on
https://usethinkscript.com/threads/ultimate-macd-indicator-for-thinkorswim.558/
the color-changing chart. green is BUY, red is SELL, and reverse in between.
I'm not a programer, so any help will be appreciated.
thanks.

i've tested this indicator manually and it works beautifully. i am now trying to turn it into an automated trade on TOS, but I'm not sure how to do it. can you help?

 

[matt.mcall111]

Automated entry based on DELTA

I am looking for some code to short a 30 delta option at a specific time the time of the day with a 200% stop loss. Please advise. TY!

There are 3rd party services that do it for TDA/TOS so there has to be a way...

 

[MerryDay]

There are 3rd party services that do it for TDA/TOS so there has to be a way...

Yes, you can use a 3rd party service.
They create python/C++ scripts that utilizes API on the outside of the ToS app to automate trading.
https://usethinkscript.com/threads/python-thinkscript.16693/#post-131617
However, Schwab is not yet providing new API permissions.

If you work outside the app, obviously you can do anything you want.
But no, there is no automated buying or selling within the ToS app

 

[Trader1M]

I want to place an automated order to buy at the money call option when a condition (eg: 2 exponential moving averages cross each other on 5 min) satisfies. I know how to place the conditional order but Schwab team is saying I have to specify which call option to buy specifically. For example, buy SPY 497 CALL option when the moving averages crosses each other. But when the condition satisfies, at the money may be SPY 500 CALL. So I want to buy at the money which is SPY 500 call option automatically when the condition met. How do I do that?

 

[MerryDay]

I want to place an automated order to buy at the money call option when a condition (eg: 2 exponential moving averages cross each other on 5 min) satisfies. I know how to place the conditional order but Schwab team is saying I have to specify which call option to buy specifically. For example, buy SPY 497 CALL option when the moving averages crosses each other. But when the condition satisfies, at the money may be SPY 500 CALL. So I want to buy at the money which is SPY 500 call option automatically when the condition met. How do I do that?

Schwab support is correct.
The ToS platform is not the place to do what you want to do.

 

[mtepera]

Looking to make an automatic trading strategy where I look for stocks that are reporting earnings in aftermarket today (a given day), then those that are, see which ones, if any, spikes at least 4% quickly (such as 15 seconds into a new minute aka 4:00.15pm). If it does this 4+% gain within a minute, such as growing 4% in 30 seconds, then I'd like to buy that stock (make a limit buy) asap. Then, I'd like to sell the stock at the end of that minute period; if I bought the stock at 4:00.30pm (30 seconds into the minute), then sell the stock at 4:01pm. I'd like this script to run automatically as much as possible, look for each day's stocks with earnings being announced....

Any suggestions for how to accomplish this?

 

[MerryDay]

The ToS platform does not support automatic buy and sell orders.
Executing trades requires manual input from you.

While ToS provides the ability to set up a conditional order:
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-80482
It still needs to be created manually, and it only executes once.


@samlee @jakin000000 @bkpshah @Kasper777 @firstuser @dominooch
@BAP @TRex50 @AlanChenMB
@ConCac @CyrusCall @bauereri
@matt.mcall111 @JK100 @Trader1M
@mtepera @BlueThunder

 

[DeepThinker]

Looking to make an automatic trading strategy where I look for stocks that are reporting earnings in aftermarket today (a given day), then those that are, see which ones, if any, spikes at least 4% quickly (such as 15 seconds into a new minute aka 4:00.15pm). If it does this 4+% gain within a minute, such as growing 4% in 30 seconds, then I'd like to buy that stock (make a limit buy) asap. Then, I'd like to sell the stock at the end of that minute period; if I bought the stock at 4:00.30pm (30 seconds into the minute), then sell the stock at 4:01pm. I'd like this script to run automatically as much as possible, look for each day's stocks with earnings being announced....

Any suggestions for how to accomplish this?

Hi mate,
After reading your post, I am assuming you already have a scanner that reports your position candidates? Even if TOS had support for auto-trading, I would not suggest scalping after regular market hours. There is no guarantee your order would be filled.