addorder for otm calander


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hello Pete .

I don’t know how to make a strategy to buy 3 strikes otm calendar in case of a 3 moving average cross over.

thanks for help.

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Posted by (Questions: 3, Answers: 0)
Asked on May 15, 2022 3:18 am
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In the current version of Thinkorswim this is completely impossible. What I mean by "completely impossible" is that this is so far away from being possible that we don't even have a shred of hope of being able to do this.

A quick search of this forum will reveal this topic has already been covered in great detail:

https://www.hahn-tech.com/ans/option-strategy-based-upon-underlying/

And you will find that this sort of back-testing is not natively available in any of the most popular trading platforms. So don't blame this on Thinkorswim. You cannot do do this on NinjaTrader, TradeStation or Sierra Chart either. In fact I checked with other developers and I have yet to hear of ANY trading platforms available to the general public which provide this functionality. If anyone out there knows of such a platform, this is the place to post a comment!

In fact if you wanted to have something like this built for your own personal use the cost to build such a tool would cost several thousand dollars. This is the sort of thing you would find being used by Market Makers at Goldman Sachs, and JP Morgan.

Might seem like a simple request to many traders. But the complexity of the programming required to make something like this work is astronomical.

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Posted by (Questions: 37, Answers: 4118)
Answered on May 15, 2022 8:22 am