NexusFi: Find Your Edge


Home Menu

 





Trailstoplimit in Thinkorswim


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Leon of Pizza with 1 posts (0 thanks)
    2. looks_two moneyboy888 with 1 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 samuse with 1 posts (0 thanks)
    1. trending_up 3,071 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 3 attachments




 
Search this Thread

Trailstoplimit in Thinkorswim

  #1 (permalink)
 moneyboy888 
houston, tx
 
Experience: Beginner
Platform: ToS, Sierra Chart
Broker: ToS, IB
Trading: Tsys, SPY Options
Posts: 38 since Aug 2018
Thanks Given: 281
Thanks Received: 17

Hi all,

I'm a beginner and been having difficulties to figure out how to execute the trailstoplimit order in Tos. Could someone please show me how to use it correctly? Thank you so much.

Sincerely,

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Footprint for strategy Builder
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Cheap historycal L1 data for stocks
Stocks and ETFs
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Funded Trader platforms
57 thanks
Just another trading journal: PA, Wyckoff & Trends
16 thanks
Trading with Intuition
15 thanks
Self sabotage reframed
15 thanks
GFIs1 1 DAX trade per day journal
8 thanks
  #3 (permalink)
samuse
honolulu hawaii
 
Posts: 1 since Oct 2013
Thanks Given: 1
Thanks Received: 0


I just complained to them via the message chat in TOS about my stop limit orders and they said I was "FULLY" set up
for real time trading data. I had to go back into website account and subscribe to Level 2 quotes and they said
that would do it. I haven't had time to check if it did though(I work full time at another job)

Hope that helps

Reply With Quote
  #4 (permalink)
 
Leon of Pizza's Avatar
 Leon of Pizza 
St. Louis
 
Experience: Beginner
Platform: thinkorswim, NT8
Trading: equity and fx futures and options
Posts: 137 since Sep 2013
Thanks Given: 99
Thanks Received: 192


moneyboy888 View Post
...how to execute the trailstoplimit order in Tos.

Will the trail stop be used to enter or exit?

Turn off auto send. If there is an order template selected already: select the factory template called Single. Right-click the chart where you want to sell > select Sell > Single. in the Order Confirm Dialog, click Edit > in the Order Entry window under Order, click LIMIT and change to TRAILSTOPLIMIT > Set price, offset type and amount, trigger type etc. To see more details about these settings, click the gear icon at the right.

If you want to make an entry order and trail stop limit exit at the same time: Select the order template called TRG w/ bracket > in the Order Entry window you'll get a limit entry and 2 exits in an OCO configuration. You can delete the limit exit if you want. Repeat the steps for setting up the TSL like you want it.

Below that, you can click the floppy disk icon to save a template which will appear in the right-click menu the next time. Be careful using the templates that are generated from chart clicks. The software does not make the automatic distinction for stop and limit entries like it does when clicking in the DOM. If you want a buy stop entry to rest above the market, you have to adjust it each time for price and type, it thinks you're submitting a limit buy and just gives you an instant fill because you've specified a limit order above the market.

Attached Thumbnails
Click image for larger version

Name:	TSL single order.png
Views:	189
Size:	24.2 KB
ID:	261613   Click image for larger version

Name:	TSL order in an OCO w entry.png
Views:	169
Size:	31.1 KB
ID:	261614   Click image for larger version

Name:	TSL order in an OCO w entry, on the chart.png
Views:	173
Size:	49.1 KB
ID:	261615  
Reply With Quote




Last Updated on January 19, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts