MomentumEdge
New member
Hello everyone,
I am building a breakout-based momentum trading workflow in Thinkorswim and I am trying to optimize my buy order execution process.
I use a custom scanner that detects the first breakout bar with strong volume expansion. When the signal appears, I want to enter immediately with a predefined order template.
My goal is:• Fixed dollar risk per trade (example: $100 position size)
• Limit order slightly above Ask (marketable limit)
• Automatically attached stop loss (percentage based)
• Optional trailing stop
• Fast one-click execution from scan results
Is there a way to create a custom buy order template in Thinkorswim that allows fast execution without manually adjusting quantity and stop each time?
If anyone has built a similar workflow or can share an example setup, I would greatly appreciate it.
mainly trade low-float small caps during premarket and regular hours.
Thank you in advance.
Best regards,
MomentumEdge
I am building a breakout-based momentum trading workflow in Thinkorswim and I am trying to optimize my buy order execution process.
I use a custom scanner that detects the first breakout bar with strong volume expansion. When the signal appears, I want to enter immediately with a predefined order template.
My goal is:• Fixed dollar risk per trade (example: $100 position size)
• Limit order slightly above Ask (marketable limit)
• Automatically attached stop loss (percentage based)
• Optional trailing stop
• Fast one-click execution from scan results
Is there a way to create a custom buy order template in Thinkorswim that allows fast execution without manually adjusting quantity and stop each time?
If anyone has built a similar workflow or can share an example setup, I would greatly appreciate it.
mainly trade low-float small caps during premarket and regular hours.
Thank you in advance.
Best regards,
MomentumEdge
