create option order templates

zero1zero

New member
Is there any way (or a resource that I could read) to create option order templates (take profit attached) with fixed strikes and prices to be used across different tickers? I place many trades daily and the repetitive nature of having to enter the same figures over and over is getting to me. I haven't been able to find a way to do it within the platform order tools, but perhaps there's a script that would make this possible?
 
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Solution
@zero1zero There are several methods of creating and saving order templates, regardless of the equity type... They can be setup in the lower trading panel, within Active Trader, and with the Context Menu on the Chart itself... They can be saved generically so the work on all symbols and then selected from a list... YouTube has several videos that go over the various methods... It is beyond the scope of this topic to cover every aspect so I will only provide short examples and will leave it to you to do further research via videos, the Thinkorswim Learning Center, and exploring the platform itself...

I primarily use the Active Trader ladder for trading all symbols, mainly Option contracts... I do not trade spreads... You can...
@zero1zero There are several methods of creating and saving order templates, regardless of the equity type... They can be setup in the lower trading panel, within Active Trader, and with the Context Menu on the Chart itself... They can be saved generically so the work on all symbols and then selected from a list... YouTube has several videos that go over the various methods... It is beyond the scope of this topic to cover every aspect so I will only provide short examples and will leave it to you to do further research via videos, the Thinkorswim Learning Center, and exploring the platform itself...

I primarily use the Active Trader ladder for trading all symbols, mainly Option contracts... I do not trade spreads... You can create your own list of trade combinations and save them for future use based on the market or other personal criteria...

1769358331505.png


For Conditional Orders I Right-Click on the Chart itself and can create or select order templates I have predefined based on pricing, Studies, etc, to suit my needs...

1769358596994.png


And finally we have the standard lower Order Panel... This is also the method you would use to create the orders that are used for Conditional Orders...

1769358822354.png
 
Solution

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Do you have a link for your set up you can share @rad14733

Trade Templates are not sharable items in the TOS platform... You need to learn by creating... You can't break anything by experimenting, just use Paper Money to learn if you are afraid you might accidentally enter a trade... I've never done that but I'm well versed in the platform and methodologies...
 

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