Difficulty with Spred Hacker in TOS Scan tab - ThinkOrSwim | futures io social day trading
futures io futures trading


Difficulty with Spred Hacker in TOS Scan tab
Updated: Views / Replies:852 / 0
Created: by liveawake Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Difficulty with Spred Hacker in TOS Scan tab

  #1 (permalink)
Trading Apprentice
Portland, OR
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: Options
 
Posts: 1 since Oct 2015
Thanks: 0 given, 0 received

Difficulty with Spred Hacker in TOS Scan tab

Hi all, I'm new to TOS and having trouble understanding what I'm seeing when I try to do a scan using the Spread Hacker.

For example, I just did a scan with the following parameters:
Mark - Min:0.50 Max: 2.00
Prob of profit - Min: 70% (no max)
Max Profit - Min: 40% (no max)

One result that comes up is a Diagonal spread on symbol AVGO where I would Sell the Mar 16 $75 Put and Buy the Jan 16 $80 Put.

In the scan results, it says 99% probability of profit, 1465.81% Max profit, and 9.907 PL/Margin. My first question is why these numbers are not the same, as I read somewhere that the PL/Margin column was simply Max Profit/Max Loss * 100, or another way to represent the risk/reward ratio.

(I'll post a screen shot of this as soon as I'm allowed - I guess newbies can't do images)

Then I go to the analyze tab and look at the Risk Profile graph. It shows that my max profit is $580 and my max loss is about $524. If I'm doing my math right, that means "Max Profit" should show 110.7% and PL/Margin should show 110.7, is that right?

(Another screen shot showing this when I'm allowed)

It also shows that there is almost a 29% chance that I will lose money (rather than the 1% indicated by the 99% in the probability of profit column).

Do I have something calibrated wrong, or what the heck is going on??

Reply With Quote

Reply



futures io > > > > Difficulty with Spred Hacker in TOS Scan tab

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TOS Price Consolidating Stock Scan tennisguy ThinkOrSwim 5 May 9th, 2017 08:07 AM
tos spread hacker green456plaid ThinkOrSwim 2 June 3rd, 2015 03:06 AM
TOS scan for inside days RickW00716 ThinkOrSwim 2 May 16th, 2014 03:51 PM
Is there tos scan criteria to identify ma that are going up or down? dmaxd ThinkOrSwim 2 November 14th, 2013 11:16 PM
Save a TOS Spread Hacker? opts ThinkOrSwim 2 June 4th, 2013 08:27 AM


All times are GMT -4. The time now is 03:59 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.06 seconds with 19 queries on phoenix via your IP 54.163.210.170