OCO Order template default

[Stockbat]

Hello all,

I created an OCO order template and saved it as below.

My understanding/idea is that this template will be used on any ticker with a buy stoplimit (5 cents diff for buy), sell it for around 20 cents profit with a stoploss of 10 cents.

I saved it and am trying to use it on a ticker. However each time, the values have to be changed. (When I try to use the template at 6$ price this is how the values look)

Is there a way to have the values default? What am I doing wrong?

Thanks

 

[MerryDay]

@Stockbat I believe you are in the 'order template' there is nothing conditional about it. Order template save keystrokes when setting up orders. You can choose from the various ones that you have set up.

A conditional order can be created on a specific stock to be triggered under specific conditions. Once the conditional order has triggered, it expires. It is one-use only. There is no algo-trading (automatic) on the TOS platform.

 

[rad14733]

@Stockbat You can create a saved order template but it has to use +- values or +- percentages rather than hard values... That is why you are having to edit the order every time you use the template... I have templates I call use by Right-Clicking on a chart and also have templates in my Active Trader panel... Active Trader is actually far easier to use in the long run...

 

[Stockbat]

@MerryDay & @rad14733. Thanks for your responses.
I did not see a way to create a buy stoplimit order from Active Trader.

 

[MerryDay]

@Stockbat
There are methods discussed here:

https://www.reddit.com/r/thinkorswim/comments/dxx7v7

Does that help?

 

[Stockbat]

@MerryDay .. thanks. Went thorough the post but did not help.
For now, I'll follow rad14733 and your previous posts and trade accordingly.

Cheers.

 

[jiangok]

hi,

In Active Trader tab, the default template is Single. How can I change the default to non-Single (e.g. OCO). Thanks.

 

[MerryDay]

hi,

In Active Trader tab, the default template is Single. How can I change the default to non-Single (e.g. OCO). Thanks.

https://usethinkscript.com/threads/oco-order-template-default.7511/