Auto Trade (ALGO) in TOS

[aCuddlyTurtle]

@Svanoy Yeah something was wrong with the script because at work today I noticed that I kept entering and exiting trades, it took alot more trades then it should have.

 

[Svanoy]

@aCuddlyTurtle Looks like that is what happened. My previous post should correct it. I am curious as to why the exit label is black though, it shouldn't be able to do that anymore.

 

[aCuddlyTurtle]

@Svanoy I think I sent you that pic before I updated what you added. I know before with my original one that label would be black when I'm not In a trade with the renko bars. As I type this I added your latest update to the script and my tos algo is currently not in a trade and all the labels are colored so it may be fixed. Also I seen that you wanted another pic with the stoploss and plots on, I didn't edit your script at all that's just how it looks on renko charts.

 

[aCuddlyTurtle]

@Svanoy Heres how it went today, It looks like it took 2 short trades today. it seems to get in 1 bar late though? idk if you set it up like this. it seems to be getting out on the right stop though. here's a picture. edit: actually after looking closer it looks like im getting in 1 candle late but shows it buying at the bottom the the previous candle so It appears to be working fine for now.

 

[Svanoy]

@aCuddlyTurtle yes, the trade entry plot created by the AddOrder is plotted 1 bar prior to the actual entry. I originally did this to allow exit of a trade on the same bar as entry(Not knowing you were using Renko). The price reference of that entry plot is adjusted to the open of the bar after the entry plot, where the trade is actually entered.

Looks like it is performing as intended.

 

[aCuddlyTurtle]

@aCuddlyTurtle yes, the trade entry plot created by the AddOrder is plotted 1 bar prior to the actual entry. I originally did this to allow exit of a trade on the same bar as entry(Not knowing you were using Renko). The price reference of that entry plot is adjusted to the open of the bar after the entry plot, where the trade is actually entered.

Looks like it is performing as intended.

@Svanoy Yup so far so good, Thankyou

 

[Beltrame1]

@aCuddlyTurtle Could you provide a link to the strategy mentioned above?

Thanks

 

[MerryDay]

@aCuddlyTurtle Could you provide a link to the strategy mentioned above?

Thanks

https://usethinkscript.com/threads/looking-for-the-perfect-algo-indicator.11585/
https://usethinkscript.com/threads/...t-scan-for-thinkorswim.798/page-9#post-100074
https://usethinkscript.com/threads/...t-scan-for-thinkorswim.798/page-9#post-100093

 

[aCuddlyTurtle]

@Svanoy Hello, at the moment its 11:16am Friday night im currently in a trade that ahk entered earlier today. I was just looking at it and I noticed that the buy label is still green? Is this what you intended to happen? Will it stay green until the stoploss is hit maybe? I know the way I had it setup it would get a green buy label on one candle and then on the next go back to the other color. I'll try some on demand later and look at it, I just figured I would ask you first.

 

[Svanoy]

@aCuddlyTurtle yes, it is intended to happen. It will stay green (or red if shorting) until the target or stoploss is hit. Upon either being hit, it will turn back to the reset color. This happens at the same time the cyan label turns blue. I did it as a built in redundancy to make sure AHK doesn't trigger a buy (or sell) when already in a trade.

 

[aCuddlyTurtle]

@Svanoy That's awesome, thankyou, now I just have to wait and see how it does live

 

[THINK711]

HI i just talked to a programer at THINKORSWIM this Week they R not allowed to help on Automating buy sell for stradegies .But it can be done . if the signal is generated it can be used . Opinion .

 

[TNTrader5159]

How much automation is possible in ThinkorSwim? To make my living as one who cannot possibly stare at charts of many markets in many timeframes day and night to spot the many profitable trading opportunities available every day, I must be able to program, test, prove, and implement automated trade setup detection AND execution. It's right there for the taking, and all I need is the tools and a little help with setup and testing. How much of this is the platform capable of delivering at this time, and how much will TD Ameritrade personnel assist? TradeStation provides automation, but I like the TOS platform and customer service much better than those of TradeStation.

How does one go about getting an API created?
Thanks in advance!

 

[Trader Raider]

TradeStation provides automation

FWIW, I started algo trading on TradeStation this year. TS automation works quite well. If you are serious about automated trading, in my opinion, the best thing you can do is learn to program for your preferred platform. That way you can run the setups you want based on market conditions instead of running the setups that someone else has programmed for their particular way of reading a chart.

Best wishes and happy trading.

 

[Trader Raider]

Thank you for the vote of confidence in TS algo trading basis your experience.

Having used TS for a number of years, I would NOT recommend it for the situation you describe. Best wishes and please accept my sympathy in the loss of your mother!

Disclaimer: I'm just a stranger on the internet and thoroughly unqualified to give advice.

 

[MerryDay]

HI i just talked to a programer at THINKORSWIM this Week they R not allowed to help on Automating buy sell for stradegies .But it can be done . if the signal is generated it can be used . Opinion .

How much automation is possible in ThinkorSwim? To make my living as one who cannot possibly stare at charts of many markets in many timeframes day and night to spot the many profitable trading opportunities available every day, I must be able to program, test, prove, and implement automated trade setup detection AND execution. It's right there for the taking, and all I need is the tools and a little help with setup and testing. How much of this is the platform capable of delivering at this time, and how much will TD Ameritrade personnel assist? TradeStation provides automation, but I like the TOS platform and customer service much better than those of TradeStation.

How does one go about getting an API created?
Thanks in advance!

The ToS app does not support auto trading. No ToS Support will not provide assistance for auto-trading.
You can use an outside api to create one.
I moved your post here so you can read the 12 pages dedicated to algo trading.


We do not have a large API community. This is our one and only thread. Suggest you start with page 1.
These 12 pages cover what is available on this forum.

 

[Mocnarf1]

With TD commissions in the past being way to high to consider developing automated trading systems with I used a few years using Trade-stations Easy language then I spent over 5 years using Ninja trader.

If it is a auto-Trader that you want, you might want to check out the following Robotic Trading System. You can trade
both Stocks and crypto with gobabytrade.

FWIW.. GoBabyTrade is trading live. I have it and it made a couple of trades for me today.

But it's not a panacea, there are things I don't like about it. That's why I want to learn ThinkScript.

Actually I built a BUY Study and a SELL Study and use TOS to place a Sequential Conditional Order for MARA and Riot on a 15 minute time period and similar trades with GoBabyTrade.

At the end both had made money. My TOS trades did a little bit better. But the way they both work is different so it's to be expected. But I like the greater control I have with ThinkScript. But the ease of use is better with GoBabyTrade.

 

[Mocnarf1]

Yes and No... While TOS doesn't have built in automated trading, per se, you can automate trade Entries and Exits using Conditional Orders... The caveat is that once initiated an Entry and Exit process is not repeated, meaning that you have to re-initiated the Conditional Order manually for every trade cycle... You are also limited in what criteria and studies you can include in your Conditional Orders...

https://usethinkscript.com/threads/sequential-order-strategy.12488/#post-107937

If wanting to BackTest this strategy, go to studies, click on strategy, click Create , post your code.
As @MerryDay said TOS does not AutoTrade only offers backtests of a strategy.
This particular strategy would trade often. Ninjatrader offers autotrading. I backtested on TOS last 5 day in NQ 3 MIN CHART it would have made 180 trades for a P/l of $6355, i tested on Ninjatrader backtest offered 138 trades at P/L of$2930. Just to give some perspective. The Ninjatrader is more accurate in terms of fills. It has a very low win rate about 28%.
If anyone here has a HotDamn strategy that has serious promise in TOS I have been getting better at converting if not too complex. This particular strategy was simple.

Check this out. It's simple and straight forward. I use a 15 minute candle.
Let me know how it compares with other strategies:
https://usethinkscript.com/threads/moving-average-setup-for-thinkorswim.12638/#post-107938

 

[Vardiman_d]

If wanting to BackTest this strategy, go to studies, click on strategy, click Create , post your code.
As @MerryDay said TOS does not AutoTrade only offers backtests of a strategy.
This particular strategy would trade often. Ninjatrader offers autotrading. I backtested on TOS last 5 day in NQ 3 MIN CHART it would have made 180 trades for a P/l of $6355, i tested on Ninjatrader backtest offered 138 trades at P/L of$2930. Just to give some perspective. The Ninjatrader is more accurate in terms of fills. It has a very low win rate about 28%.
If anyone here has a HotDamn strategy that has serious promise in TOS I have been getting better at converting if not too complex. This particular strategy was simple.

Hello Irishgold, I use a HotDamn TOS strategy that has serious promise. I'd like to setup auto-trade.

 

[irishgold]

At this point, I am not developing any auto trade solutions for TOS, it is available if you research. The problem is really in people's expectation that their strategy, backtested in TOS , looks great but rarely does it implement well or consistently over time.