/ES Futures Trading Strategy on ThinkorSwim

[rokaNroll]

Hi RokaNroll..
About your ActiveTrader.. When I move my mouse on to a buy or sell cell, Along with Buy/Sell it also shows "TRG +10.00 LMT " target limit and "TRG -5.00 ST" target stop. Event though Template shows Single.
Thats is a really nice feature and want to know how to set that. that will eliminate the need of selecting the template again and again every time we trade.
Could you please explain how to set that up and also how to change those values..

Thank you.

You can create your OCO templates and save them, here is a video how to do it!

 

[blakecmathis]

@barbaros Right here brotha (minus the BB stop loss because its a warehouse indicator still I believe)

https://tos.mx/hxXp6Pc

 

[barbaros]

Thanks @blakecmathis. A lot of indicators there.

 

[BenTen]

@blakecmathis Not anymore Now you can share it with anyone you like https://usethinkscript.com/threads/bollinger-band-stops-indicator-for-thinkorswim.985/

Thank you for keeping this thread alive and well.

 

[switchfire]

@blakecmathis Just wanted to say thank you for all your hard work and sharing your setup. I've been searching for a decent futures strategy and can't wait to test this out.

@BenTen just FYI that BB stops code seems to have an issue. The option to turn off "fill color" doesn't work. I easily commented it out, just wanted you to know.

 

[barbaros]

@switchfire can you post your experience with @blakecmathis setup. i'm curious to learn the entry and exit rules you followed.
And @blakecmathis we appreciate your hard work and sharing this with us.

 

[blakecmathis]

@BenTen @switchfire @barbaros No problem my dudes!!

 

[rokaNroll]

@BenTen @switchfire @barbaros No problem my dudes!!

@blakecmathis thanks for all the work man! quick one - looking at the BB stops but your seems a bit cleaner, are you still using SMA 20, 1 mult? I have been playing around but cant match your settings in the same timeframe you shared yesterday! Thank you all @BenTen

 

[blakecmathis]

@rokaNroll Yessir same settings

 

[barbaros]

@BenTen @switchfire @barbaros No problem my dudes!!

This setup has a lot of promise. I spotted a few trades today with it. However, I don't fully understand how to use a lot of the indicators included. @blakecmathis any word of wisdom?

 

[blakecmathis]

@barbaros Absolutely man. So when I first started developing this setup (with the help of every one has ever provided input in this thread) I wanted a strategy with very little clutter on the chart, was simple, clean, and fast. Here is one of the trades I made today. Scaled back to 1 contract (usually trade 3-5) due to all the idiots talking at the time (Cuomo, etc.). So I've gotta buy signal from the WTO on the 1000t. FE is bottomed out (essentially just measures strength of the current trend. Low FE = trend reaching a peak or valley, but could also represent some consolidation (this is what paints the candles on the 1000t and the same yellow line on the lower study). And I've got confirmation from the 2000t on the trend change. On top of that, I made this trade in the direction of my trailing stop. My exit on this trade was spot on and snagged a quick $100. Albeit I could have entered again and made some more green. But this is a scalping strategy for a reason. As soon as i get a buy/sell signal I start tracking previous support/resistance and setup my target entries. Hope this helps man!!

Edit: The only purpose the SPY serves for me is volume

 

[barbaros]

@blakecmathis Thank you very much for sharing this, the comments and illustrations. I used parts of your indicators on a mix of other charts, and I was able to spot a 11pt move on ES today. Awesome!!!

 

[blakecmathis]

@barbaros Glad to hear it man!!

 

[switchfire]

I missed an early opportunity from sleeping in, but scalped $150 (paper account) with this strat today. Wednesday and Thursday provided some great opportunities. Looking forward to using some real $

 

[switchfire]

Scalped 11.25 points today (paper). Was real choppy early on so kinda difficult. So far so good.

 

[blakecmathis]

@switchfire Using Fibs for exits??

 

[switchfire]

@blakecmathis With the environment today it was difficult to have a strict exit plan, so I got out when I 'felt' it was good (i know, not great trade etiquette). I try to plan exit on either of the following, depending on what it's like out there: 1k tick arrow, near vwap, 2k tick or spy 1min cci/atr trend change, or BB stop (although haven't used that much yet). I also try to keep in mind TA stuff, support/resistance, etc. Today was 5 complete in & out trades, largest being 4.5, smallest being 1.25 pts lol. If you ever have any tips or insights you've learned on the way, I'd love to hear them

 

[blakecmathis]

@switchfire I still don't have a strict exit strategy (for profit taking) to abide by. Most of the time for me man its just a gut feeling like you said

 

[skyline]

@blakecmathis I've been following your setup. Thank you for sharing this. What do the colors on the 1000 tick candlesticks signify?

It seems like when it starts trending it changes colors.

 

[Nicholas]

very excited to stumble across this forum, i'm trading /MES and i cant wait to try out this setup.
i need help on how to use the indicator... i look through 34 pages and a pdf still clueless.
How to use this awesome indicator (in the simplest way you could parse it please)

do we enter a trade, the Green line (wavetrend osc wt1_1), as it curve up/down,
or BEST wait for it to be in OB/OB lvl1/2 (those green n red horizontal lines)
with signal arrow?

RSILE_FE, the (cream/yellow) line... i notice there "no show for its OS/OB" are we to use the midline (dash lines).

or cross over of FE/WT ?

also the 1000 tick CHART, Heikin Ashi?
i found post mention heikin Ashi and some with the "reversal" bubble indicator.
i tried combining them, it seem to keep in trade for the long ride.

thank you Very much!
Happy farming points!