New to Thinkscript, trying to learn how to place a conditional order. I’m not sure if this requires a custom script or if it can done within ThinkorSwim presets.
I am trying to automate this order sequence:
Buy ABC stock at 6.50 with a limit order.
Automatically create a trailing stop once the stock price reaches a .50 gain
The trailing stop will sell once the stock price drops .20 below the updated stock price of 7.00 or higher
Is there a way to automate this. I am able to create this order but it triggers off the initial 6.50 purchase price.
I have tried 1st triggers OCO and 1st triggers sequence. Maybe I am entering it incorrectly. I have worked with Schwab but their advice was rather vague. Any help or direction to how to do this is very much appreciated.
I am trying to automate this order sequence:
Buy ABC stock at 6.50 with a limit order.
Automatically create a trailing stop once the stock price reaches a .50 gain
The trailing stop will sell once the stock price drops .20 below the updated stock price of 7.00 or higher
Is there a way to automate this. I am able to create this order but it triggers off the initial 6.50 purchase price.
I have tried 1st triggers OCO and 1st triggers sequence. Maybe I am entering it incorrectly. I have worked with Schwab but their advice was rather vague. Any help or direction to how to do this is very much appreciated.
