How to Automate Your Orders in ThinkorSwim

Are you looking to automate your trades through ThinkorSwim? This article will guide you through the process of setting up automated orders in ThinkorSwim to make your trading more efficient. Learn how to set up entries, stop losses, and targets on stocks and options with ease.

ThinkorSwim, owned by TD Ameritrade, is a popular charting software with many advanced features. In this article, you will learn how to set up automated orders using the "buy custom" and "sell custom" options, allowing you to enter trades, set stop losses, and targets seamlessly on the platform.

To automate your trades on ThinkorSwim, follow these simple steps outlined in the article. By setting up OCO (One Cancels Other) orders, you can have your entry, stop loss, and target levels pre-defined for both stocks and options. This automated approach simplifies the trading process, allowing you to manage your trades efficiently.

Whether you are a swing trader or a day trader, automating your trades in ThinkorSwim can help streamline your trading workflow. By leveraging the platform's features, you can save time and execute trades more effectively. Follow the instructions in this article to start automating your orders in ThinkorSwim today.

Keywords

ThinkorSwim
Automated trades
Entries
Stop losses
Targets
OCO orders
Stocks
Options
Trading efficiency

FAQ

How can I automate my trades in ThinkorSwim?
What are OCO (One Cancels Other) orders?
Can I set up automated orders for both stocks and options on ThinkorSwim?
Is it easy to manage automated trades on the ThinkorSwim platform?
How can automating trades in ThinkorSwim improve my trading efficiency?