Automated Trading Using SMA Crossover on ThinkorSwim

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  • Опубліковано 24 гру 2024

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  • @shortthestrike
    @shortthestrike  2 місяці тому

    🛠Just launched my trading journal! If you trade stocks, options, futures, or crypto, give it a try with a 7-day free trial and let me know what you think! traderlog.io/

  • @robinperimedia3977
    @robinperimedia3977 Рік тому +12

    Great video. Your voice, timing and video explanation are the best. I am able to follow and learn your method easily . Much appreciation 🎉

  • @artnace
    @artnace Рік тому +6

    I learned more here in 11 minutes than any other videos on how to do this that I have watched. Thanks!

  • @dumbcat
    @dumbcat Рік тому +7

    your videos are of high quality. hoping your channel gains traction one day

  • @shortthestrike
    @shortthestrike  Рік тому +5

    Any other study conditions you'd like me to cover?

    • @guethao396
      @guethao396 Рік тому

      Is there a condition where you set a sell order for a limit price higher than the current stock price but then it doesn’t fill because the stock price is still climbing above your limit price? That way you take more profits 😅

    • @shawnchoyrahman9177
      @shawnchoyrahman9177 Рік тому +1

      Excellent. Can I add a stop order with these two? Suppose I want TOS to buy when a golden cross happens and put a stop order if it goes down 3% or a specific threshold price and add a death cross too. Is it possible to save as template to save time for next order?

    • @shawnchoyrahman9177
      @shawnchoyrahman9177 Рік тому +1

      I think I figured. I need to create 1st trigger OCO. 1st order would be buy with Golden crossover. Next two sell orders would be bracket order - one with stop loss and another with Death cross.

    • @haroldestrada2223
      @haroldestrada2223 Рік тому +1

      @@shawnchoyrahman9177 Yes you can, the stop loss or trail stop can be used with amount in dollars or percentage.

    • @haroldestrada2223
      @haroldestrada2223 Рік тому

      and yes you can save it and call it what you like by selecting "custom order template".

  • @joshbeeri
    @joshbeeri 2 місяці тому

    Best intro to basic trade automation inside TOS that I've found! Thanks!

  • @sr-sr592
    @sr-sr592 11 місяців тому +1

    amazing and so simple thanks for the clear instructions. Any way to get this to work repeatedly vs just once

  • @bigfrank7179
    @bigfrank7179 Рік тому +3

    Great video! I appreciate it. Keep up the good work

  • @sumith007
    @sumith007 Рік тому +4

    Great Video and simple to follow explanation

  • @krissamy8385
    @krissamy8385 Рік тому +1

    thanks for time and effort to put up this Video..how it will be if it does both ways continuously...hope you can explain that thanks

  • @dgc.pdinovojr895
    @dgc.pdinovojr895 Рік тому +2

    This is great information!
    Is there a way to automate this continuously? For futures trading for example is there a way to set it up? Not only for one direction trade to close out? I tried to set it up as first triggers sequence, although on the third order, it would not allow me to place. Any insight? Thank you again for the awesome work!

  • @tonyabell66
    @tonyabell66 Рік тому

    If trading options, I am curious if the same steps apply via the options chart? And, If I heard you correctly any SMA and timeframe is applicable. In order for this auto version to be created, no auto send and all orders made at market price? I assume the chosen buy or sell will depend on trend direction and using buy in your illustration was for example only. Thank you for all your hard work and comprehensive videos.

  • @anujkarwa2163
    @anujkarwa2163 6 місяців тому +1

    Quick question - How can I automate the strategy to buy maximum number of shares based on cash available?

  • @khayyamfarajov7916
    @khayyamfarajov7916 4 місяці тому

    Hello There. i was wondering if you have any classes for options? You are explaining everything really well. Thank you

  • @zavainmardirossian8593
    @zavainmardirossian8593 Рік тому

    Can not find AUTO TRADE ON TOS

  • @neilmac4730
    @neilmac4730 Рік тому +4

    Excellent ❤ Thank you.

  • @peterseville6590
    @peterseville6590 5 місяців тому +1

    Can you automate Buy and Reverse indefinably?

  • @zhodge0
    @zhodge0 9 місяців тому

    I'm going to watch all your videos because they are put together well. You make very good learning videos. thank you.

  • @trudnai
    @trudnai Рік тому

    Great video, thanks! How can you backtest this?

  • @EnioPena-c4l
    @EnioPena-c4l Рік тому

    Excellent explanation. One question.. Is there a way we can copy the script so we can test it?

  • @navbahar9930
    @navbahar9930 Рік тому

    Is it possible to add in a second study that would block it from selling it under cost?

  • @scientistsrpeople2979
    @scientistsrpeople2979 3 місяці тому

    exactly what I was looking for. But how does one put in a stop loss condition, say the initial crossover isn't fruitful? Would this be an OCO? Could you cover that topic? Also, can you do this with options?

  • @johnchaffee7973
    @johnchaffee7973 11 місяців тому

    A good video. I am wondering why you kept the order as a day order instead of gtc when you are using a really long term chart?.

  • @cryptotrain6334
    @cryptotrain6334 Рік тому +2

    Absolutely fkn fire content. Give me more please 🙅🏼‍♂️

  • @frankacoste6180
    @frankacoste6180 Рік тому +2

    EXCELENTE VIDEO GRACIAS

  • @musicmrfixit1
    @musicmrfixit1 9 місяців тому

    Could you please tell me the difference between GTC, OCO, and Day trades when doing a crossover study. I tries to do what you said here but I used a GTC instead of a Day trade, and nothing happened - the order didn't fill.

  • @plant2win
    @plant2win Рік тому

    Your example shows DAY order. Shouldn't you have needed to change to GTC?

  • @yekhtiari
    @yekhtiari Рік тому +1

    can it open another position if the conditions meet again or is it good for opening one position?

  • @musicmrfixit1
    @musicmrfixit1 3 місяці тому

    I tried to do the crossover study parameter in TOS and it worked for stocks trading for the day, not gtc. Please tell me if this crossover study parameter also works for FOREX trading, or are there other conditions I have to set up to make a profit.

  • @UltimateRecessionProofSide-o6s
    @UltimateRecessionProofSide-o6s 4 місяці тому

    Will that continue to buy and sell in perpetuity or does it only execute one buy then sell then it ends?

  • @GeorgeTarek-d3c
    @GeorgeTarek-d3c Рік тому

    thank you for this. I'm guessing this would execute instantly once conditions are met. How can I make it execute on bar close? If i'm doing this on the 15m chart for example, i want the bar to close before executing the trade.

  • @scotscaspian
    @scotscaspian 4 місяці тому

    This is very helpful, Thank you 😊😊😊

  • @markjaffe3400
    @markjaffe3400 Рік тому

    I enjoyed your video. What if I buy a call 1 month out with this setup and the crossover event doesnt occur until just a few days to my expiration date? Would you still buy the call with only one or 2 days to go? After 2 days my option will expire if the stock doesn't cross below the MACD line. How do you manage this type of situation?
    Mark

  • @joeko8253
    @joeko8253 Рік тому

    how would you use this with the hull moving average? thank you in advance

    • @shortthestrike
      @shortthestrike  Рік тому

      Are you interested in making a scan/alert, or trying to setup a trade to activate using it? Did you want it to activate based on the hull moving average changing from up/down or when it crosses another moving average?

  • @mrknowitall3866
    @mrknowitall3866 Рік тому

    How long are those orders in effect? (1 day, GTC)?????

    • @slingtrader6903
      @slingtrader6903 Рік тому

      You can select the time in force in the order rules window. Look in the video where he changes limit order to market. below that is the TIF selection.

  • @hassanemaigari3660
    @hassanemaigari3660 Рік тому

    Great video thank you so much Can you do this on E*Trade

  • @myultrasound7619
    @myultrasound7619 Рік тому

    Hello,
    Is there a save option for this trade execution so we do not have to type repeatedly all the parameters for another trade. IE this trade closes but we want to enter it again for a future cross. Thank You.

    • @haroldestrada2223
      @haroldestrada2223 Рік тому +1

      Yes, you can save up to 4 roundtrips orders and name it what you want.

    • @haroldestrada2223
      @haroldestrada2223 Рік тому

      by using the " custom order template"

    • @myultrasound7619
      @myultrasound7619 Рік тому

      Hello I have been trying to figure this out, that is the "4 round trip orders". Is it possible you could provide assistance? Thank you for your time.

    • @slingtrader6903
      @slingtrader6903 Рік тому +2

      On the order entry tool , left of the delete button is a disk symbol that is "save a custom order template" . Name it and save it. When you want to trade later select "buy custom" and select it.

    • @nick-oi1xf
      @nick-oi1xf Рік тому

      Can't this process be entirely automated, so that you don't have to open the trade everytime?

  • @rixontan5921
    @rixontan5921 Рік тому

    In my opinion, it makes no sense if it still works if the golden cross takes 3 mth to cross above 200 and 3 mth to cross the death cross

  • @mloan110
    @mloan110 Рік тому

    Please make a video on automated using MACD crossover

  • @NMranchhand
    @NMranchhand Рік тому

    What fun!

  • @balajimohanakrishnan743
    @balajimohanakrishnan743 Рік тому +2

    Please don't take me wrong? Can you make money with this automation on any stock?

    • @ramsaudio
      @ramsaudio Рік тому

      Hahhaha..if trading was so easy, every one in the market willcbe a winner…

  • @ramsaudio
    @ramsaudio Рік тому

    If trading was so easy, every one in the market will win… its not!

  • @charlierobles316
    @charlierobles316 9 місяців тому

    This is like cheating 😂