| ♥ 0 |
I am using a method similar to the YouTube video (“ThinkorSwim Autotrade Almost”). I understand that the method used in the video allows a study to be created which can be added to a chart, and thus trigger trades based on the code in the study. I was simply looking for a way to create a conditional order and then save it as a template, and use it over and over again. The condition was simple, where when price closed below the 8 EMA it would trigger. The code in the condition builder required me to put a SYMBOL in the screen, let’s say WORX, choose STUDY, and then create this study; bid() is less than MovAvgExponential(“length” = 8).”AvgExp”. When done, OK, Save etc., and then click the symbol to save it as a template, Let’s call it “Sell Below the 8 EMA”. Sound good? To note, before saving I was able to see in the condition Submit the order to sell 100 WORX etc.. description: “Wait until the following condition is satisfied: WORX STUDY etc…”. Now, moving on to a new stock to trade, let’s say JNUG. So, open the chart, right click SELL CUSTOM… and there it s.. “Sell Below the 8 EMA”, so I pick that one. It looks good in the summary bar, it reads JNUG. However, when I click on the sprocket to edit this… it’s a little crazy. Stock symbol in the selection box, it did not change, it still reads WORX. Submit the order to sell 100 JNUG (Okay that works) description: “Wait until the following condition is satisfied: WORX STUDY etc…”. (What???) So, it seems like this is REALLY dangerous. It looks on the outside like everything is normal. But when you actually click into it, it’s basically saying it will sell 100 JNUG once the price on WORX closes below the EMA!!! I have tried putting this into an OCO order and it doesn’t work, so I place the OCO order first using the ActiveTrader, then right click on the chart and choose the condition. To make it work, I simply have to type in the proper symbol, hit enter and it appears to take. Doesn’t say much for the “template”. Hopelly someone can figure this out or maybe there is a better way all together. Thanks. Attachments:
Marked as spam
|
Posted by |
Private answer
Thanks for taking the time to post this question. You did an excellent job of explaining the issue and enabled me to replicate the issue on my side. I can confirm the saved order template does indeed retain the reference to the original ticker symbol used to create it. I think we both agree this is not at all how this should behave. There appears to be no way to correct this issue on our own. (at least I have not found a solution). So I suggest that you and anyone else experiencing this issue submit this to TDA support to have their developers see if they can fix this. It's possible they come back and say this is working exactly has designed. At that point our only recourse will be to submit this as a feature request. For anyone interested in submitting this to TDA support, you may create your own screenshots and submit the request through the message center on the TDA client website portal. Or you may simply give them a link to this post so they have all the information needed to replicate the issue on their end and research a potential solution. If you don't know how to capture the link to this post you can use the following: https://www.hahn-tech.com/ans/creating-a-sell-template/ Marked as spam
 Posted by Pete Hahn (Questions: 37, Answers: 4118) Answered on April 23, 2020 9:07 pm
|
|
|
Private answer
New features have been enabled in Thinkorswim which provide fully automated round trip trades. Meaning we can now automate the entry and the exit and we can daisy-chain multiple stages within the order sequence so that multiple round trip trades can be accomplished automatically. In addition to this, we can save these orders as an order templates so they can be reused with very little effort. Check the following video for the full details: https://www.hahn-tech.com/thinkorswim-automated-round-trip-trades/
Marked as spam
Posted by Pete Hahn (Questions: 37, Answers: 4118) Answered on April 18, 2022 1:28 pm
|
