Ultimate Beginner's Guide to Automated Trading in ThinkOrSwim (2021)

In this complete beginner's guide, we'll show you step-by-step how to turn your trade ideas into semi automated trading in ThinkOrSwim.

Download the PDF with code snippets, to follow along this tutorial:
https://tosindicators.com/indicators/automated-trading

Most of the time, we find trade ideas and patterns that we’ve backtested to great lengths (or that others have), which we’d like to replicate. Very little is original in terms of new trade ideas or patterns. The key is in the actual execution of the trade.

That's where this technique starts to become really powerful. You can research trade ideas and patterns once, and build trigger conditions to try and replicate automated trading in ThinkOrSwim.

This process and technique isn't without its own set of shortcomings, which we also discuss in the tutorial video.

ALWAYS TEST CODE IN PAPER MONEY FIRST!
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We cover 8 different trade scenarios in this tutorial.

Here are video timestamps that might come in handy:

0:01 - Automated Trading Intro
1:25 - Who We Are
3:54 - What Will We Discuss in this Tutorial
5:42 - Why Automated Trading?
8:57 - What is the Automated Trading Triggers Window?
10:55 - 8 Trigger Scenarios That We Will Build
15:05 - Scenario 1: Nightly Trending List
18:47 - Scenario 2: Iron Condor When in Consolidation
23:56 - Scenario 3: Automatic Covered Call for Income at Fib Extensions
27:40 - Scenario 4: Buy Put When RSI Shows Bearish Breakout Signals
32:01 - Scenario 5: Buy Stock on Pullbackto 34 EMA
36:34 - Scenario 6: Sell Position When Squeeze Loses Momentum
39:37 - Scenario 7: Layering on Multiple Indicators
44:55 - Scenario 8a: Buy on Implied Volatility Pullbacks (Entry)
47:01 - Scenario 8b: Sell When Trend Breaks
53:04 - What Else Can I Do?

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Download the Futures Volatility Box here:
https://www.tosindicators.com/volatility-box

Download the Stock Volatility Box here:
https://www.volatilitybox.com/product/volatility-box-stock-early-invite/

Watch the new Triple Pro Squeeze course here:
https://www.tosindicators.com/squeeze-course
#thinkScript #AutomatedTrading #ThinkOrSwim

Видео Ultimate Beginner's Guide to Automated Trading in ThinkOrSwim (2021) канала TOS Indicators