How to create Conditional Orders?

GeneHo

New member
2019 Donor
e.g. I have BTO (Buy-to-Open) SPY 296 Call at $2. I wanted to create a STC (Sell-to-Close) order based on the following conditions:

1. If bid price is above $3, trigger the order then cancel point 2 order
2. if bid price is below $1, trigger the order then cancel point 1 order

How can I do that ? I tried StopLimit order, it doesn't work.
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
Are you doing this manually or are you looking to develop an auto trade strategy that execute based on those conditions? If that’s the case, I don’t think it is possible.

If you’re asking about the trading platform itself, you may want to chat with ThinkorSwim support. They should be able to help with their execution tools.
 

GeneHo

New member
2019 Donor
Thanks @BenTen . I'm doing it manually. I did write to ThinkorSwim support, they only send me a link to your website and I don't understand the e.g written in their example. Apparently, they don't seem to be keen in supporting me. Maybe my account is too small for them.
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@GeneHo Hmm. If ToS wasn’t able to help I’m not sure if we can. Since you’re asking more about the execution side of thing we don’t have control over that.
 

markos

Well-known member
VIP
Thanks @BenTen . I'm doing it manually. I did write to ThinkorSwim support, they only send me a link to your website and I don't understand the e.g written in their example. Apparently, they don't seem to be keen in supporting me. Maybe my account is too small for them.
@GeneHo please post the phone number you dialed & post the full example they sent you.
 

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