1st triggers all thinkorswim On Monday, I plan on employing the 1st Triggers method to start easing the load so to speak. So, I split the order into two separate OCOs as someone else suggested. Its called a "1st triggers 2 OCO" . Submit the order. Did you find 1st Triggers 2 OCO? Sounds like what you want - The first order in the Order Entry screen triggers two OCO orders. Jan 1, 2025 · Robinhood’s software delivers trailing, stop, and recurring orders. I tried 1st Triggers 2 OCO but that creates two Trailing Stop orders with different price targets. The First Triggers All order type is similar in nature to the First Triggers Sequence and Blast All order types. To clarify, I do the 1st triggers all because it’s my understanding, from chatting with support, that’s the only way to do a limit order on the buy to open. Same thing with a STOP LIMIT order. Jun 21, 2020 · ThinkorSwim First Triggers OCO Order. I know it looks like a lot of tedium, but it all only takes a second after you’ve done it a few times. com A 1st Triggers (First Triggers) order is a compound operation where an order, once filled, triggers execution of another order (or other orders). Posted by u/deannemmer - 5 votes and 4 comments So far the only way I've found is to use a 1st triggers sequence, where when ABC hits $50 I sell 1 share then the trailing stop is activated. 29/30. Best bet is to fire up the SIM and let er rip. Hope someone can give me a clue. The STOP is where it triggers, and the LIMIT should be the most you're willing to lose. -Tried separate buy and separate with separate OCO -Tried separate buy with separate conditional study sale only On desktop, it looks like what you may be looking for is the 1st Triggers 2 OCO, or 1st Triggers 3 OCO. stop limit at average price, sell order of 100% w/custom study Dec 1, 2011 · 4. Aug 25, 2022 · The missing symbol happens when I use a saved 1st trgs seq conditional order. I'd start with "1st Triggers 2 OCO". Today it should have sold. Feel free to discuss further. Needs to be 5 total orders, one buy and two sell/two stops. Now this time, instead of using first triggers all, advanced order, which triggers all of these multiple orders to work at the same time. We're going to build out a sequence of orders or OTOs. Example: buy 100 shares of AAA @100. See full list on optionboxer. I’m trying to get a second OCO to trigger as a result of one of the first OCO outcomes. -Tried doing a 1st trigger buy OCO with the study and a trail stop; most of the time the study would fail to trigger but the trailstop would work. My limit sell on the positive side, I set high enough that if I manage to get in a runner, it gives me time to click and drag the limit order where I want or delete it all together, leaving only stop loss still active. I know all about risk management and have tight rules in place for my day trading(buy low sell high on small caps). stop limit at -10% of avg price, sell order of 100%; stop limit +10% of avg price, sell order of -10%; second OCO. -Tried separate buy and separate with separate OCO -Tried separate buy with separate conditional study sale only This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. Click the advanced order button and change from "single order" to "1st triggers sequence" Right click anywhere on the first "sell" order and select "create opposite order" Change "buy" order type to stop limit. I also will NEVER enter into a bullish position if the On balance volume modified did not cross over the signal line or NEVER enter a besrish if the OBV did not already death I'm using a 1st triggers OCO in my paper trading account, but I'm not sure it's set up correctly. I really wish TOS would allow some type of hot key to just sell half the shares instead of having to flatten out of the entire trade. When the order is filled, it triggers an OCO for your profit stop and stop-loss. I made a "1st triggers 2 OCO" order which would work, but it calculates (since I'm using a percentage) the limit sell and stops of each OCO based on the fill price of the straddle (call price+put price), and it immediately triggers my stoploss and closes my position. Started learning and diving into options the last couple of months. Is there anyway to do it without selling 1 share at the target price? an issue i think you're going to discover is that if you want to trigger a trailingstop at some point you're going to need it to get triggered at that time. The 1st order is for entry and the OCO is for a stop loss GTC or limit sell GTC. For example, I want to open a credit spread when SPX dips below 5200, at the market price. If you do 1st triggers Jun 20, 2024 · The game changer for me with this strategy was to set up BOTH adjustments WITH my entry trade as contingent orders based on price as a first triggers all advanced trade. On mobile you can only do: OCO, 1st Trgs OCO, 1st Trgs Sequence, 1st Trgs All, and Blast All. 2 brackets with 2 stops and 2 profit taking. thinkorswim also has an effective stock screener, which Robinhood’s software lacks. After laying the groundwork, this video then shows you how to string together a series of round trip trades using the “1st triggers sequence” order type. Thanks to anyone who wants to dive in and give this a shot. Click on the Advanced Order button and load each choice so you can see what they really mean. The algotrading sub-forum or whatever it is is interesting. Additionally if somebody has done any API to place such a trade from say an excel spreadsheet (TOS is not the most friendly to place such a trade in my opinion :-) Is this possible on the app? I can setup OCO/conditional orders but not 1st triggers+OCO. A 1st Triggers (First Triggers) order is a compound operation where an order, once filled, triggers execution of another order (or other orders). Hi there, Trying to find a clear example/tutorial on how to create 1st trigger 2 OCO based on the following so I can save it as a template. 77/31. For example, first buy 100 shares of stock. When any of the subsequent orders are filled, the rest get canceled. For example, first buy 200 shares of stock. Take profit 120. The second order is a simple trailing I watched a couple of to a half dozen YouTube videos, and 1st Triggers get me along the way, but not all the way there. If it’s an initial order, then it will calculate percentage changes from the moment you send. This is perfect for scaling The 1st triggers Seq Advanced Order requires two Order Entries. Appreciate the input! I'm trying to buy a straddle and have an OCO for both legs separately. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. Buy order w underlying price conditional; first OCO. If you set a 1st triggers OCO order, you can make this work. Cheers. 42 Hey guys, I know this is possible on other brokers but would love to be able to do it on think or swim. The study did in a lower panel. 1st Triggers Sequence Question I've developed a strategy that makes use of the "1st triggers sequence" advanced order while trading forex. You will also learn how to save these order groups as a saved order template which you can reuse over and over again. 25. I noticed the only way to do it by percentage is a trailstop. Same goes for buying a call or a put. What 'm trying to do is, if a price target is hit, then just create a new Trailing Stop for the remainder of the shares, automatically. The “1st” portion is my entry order, such as ‘buy XYZ @ $25. Hey all, New to thinkorswim, and just wondering if there’s a way to do what I’m thinking. 6. 00 - Stop Loss, order complete 2nd OCO triggered if first target is met Jan 20, 2023 · My current attempt is via a saved 1st trigger 3-OCOs template w/custom studies. The first order in the Order Entry screen triggers two OCO orders. But I don't want to manually add each order, every time. Practice Stock Trading with paperMoney. 1st Triggers All: The first order in the Order Entry screen triggers up to seven more orders to be submitted simultaneously, each independent of the others. Thanks! When I use AddOrder to buy, it works but only on the first time the condition is true, and no longer triggers another buy when the condition is subsequently true again, unless the original long positoin is closed with sell to close. Learn how to add more flexibility to your trading with One Cancels Other (OCO) and First Triggers OCO (FTO), and how to create these orders on WebBroker. One buy order can trigger 2 or 3 separate OCO brackets. Any tips or The first 3 lines are a simple 1st Triggers OCO. That would be a Trigger with Bracket in Active Trader, or Buy/Sell Custom with OCO Bracket in Chart Trader. First, create your stop loss like normal and save/submit - easy. Trigger with OCO is as far as it goes. I've also used some sort of morse-code to communicate two existing models with no RS485 or Ethernet ports, by using a DO and a DI each. All of the logic I have tried results in the sell happening immediately (fractions of a second after the buy) or not at all. If you don't want to cancel your stop loss first then the only other way is to create a One Closes Other order as a take profit WITH (at the same time) as your stop loss. In this video I shared how I typically use: ️Conditional Orders based on a price level trigger ️OCO or One-Cancels-the-Other Orders ️ ️ ️ ️ ️ ️Links:📱Follo When this order is entered I also want to submit an order that will trigger a buy order at an 85% loss and another at a 50% upside profit. Will post a solution if one exists. Next create another order and under Advanced Order select 1st trgs Seq - this will be our scaling order. . The first order to enter is working as desired. Specifically "One Triggers Another (OCA)". Then trigger a “bracket” order to sell your shares in two 100-share OCO orders. If you edit, you'll enter order management, including Single, Blast, Pair, OCO, 1st Triggers Seq, 1st Triggers All, 1st Triggers OCO, 1st Triggers 2 OCO, 1st Triggers 3 OCO. Details: For the scaling order, remember that 1st trgs Seq is meant to trigger each order in sequence only if the preceding order has gone through. Reply reply More replies More replies Consider the Active Trader ladder as an entry to Order Mgmt. Click Confirm Ergo, we've got Chart Trader and Active Trader, and they're not necessarily compatible. May 25, 2020 · In this video, how to scale into a swing trade with two entry criteria and 3 exit criteria in one order ticket a first triggers two OCO bracket orders using ⬆️This is what I do. I would like it to Buy whenever the condition is true and leave the shares open. Then I adjust the contingent prices and enter the trade. So, yes but not effectively. I want the OCO to be either (a) BTC at a limit price or (b) BTC on a specified date at market +2%. 5. 45? Because you have it all wrong, the system is thinking you want the stock to activate when your total transaction = $30. ” Change the price to what you want and send it The closest option is "1st triggers OCO," which leaves me one OCO short. Hi! I would like to know if it is possible to modify a "1st triggers 3 OCO" order with the following characteristics, I would like to place orders always in the following fashion: - This obviously needs to be bought in lots of 3, for example: 3, 6, 9, 27, 99 stocks - Entry Price: Always 2 ticks above the current candle's high To add a 1st Triggers OCO order in Active Trader, repeat all steps from Entering a First Triggers (above), but keep both orders from Step 2 enabled. 1st Triggers: Seq / All / OCO / 2 OCO / 3 OCO Somewhere in this set of choices is your answer. If stock goes down, my profit trigger moves down to 115 for every dollar the stock moves. 1st Triggers All: The first order in the Order Entry screen triggers up to seven more orders to be submitted 1st triggers OCO requires the initial order and 2+ subsequent orders that all go into effect once the initial order is filled. Buy SQ at Market price - triggers OCO below Trailing take profit (or trailing stop loss), activated only when SQ goes up 3%, with a trailing offset of -1% Stop loss at -3% of market price at buy So are you saying you want your order to execute when only the stock is at $30. I am just starting to explore this functionality, apologies for the new-user question. I have saved the trade as a template so all I have to do is rt click on the ask and pull up that template. It's a powerful tool set that takes time to learn and master, but well worth it. It should look like this. If it’s an OCO from a “1st triggers” order then it’ll calculate from the moment the first order is submitted, obvs. 1st triggers all as well. Trigger – Buy (2) @ Market 1st OCO Sell (1) @ +1. A stop market order is an order that triggers off a price and then sends a market order to sell shares of stock at the best available price at that moment. Would I just use a 1st triggers sequence type order and create a buy stop order at 100 in this case followed by two sell stop orders for 50% @95 and 100% @90? I haven't been able to get this to work in paper trading since my 2nd sell stop order is still linked to the initial buy order and not to the 1st sell order so it assumes I am trying to -Tried doing a 1st trigger buy OCO with the study and a trail stop; most of the time the study would fail to trigger but the trailstop would work. 48 making the covered call 30. Do you mean like 1st triggers OCO? If so, you can’t place a stop order on one end of the bracket, extended hours orders must be LMT orders. When I purchase an option contract and if it hits my stop loss, it will trigger the stop loss, but if it goes above my target price it’ll trigger the sell. Does anyone know how to set up a stop loss based on the entry price of the first trigger OCO assuming the entry price was a market order? For example, I have a market order purchase of an option when the underlying hits a certain price. Entering a First Triggers Order. I want to set up a "1st Triggers All" to automatically execute a trade when SPX dips below certain value, but then to set up the triggered order to close the trade based on the market price the 1st order executed at. But I'm worried that it's actually set up to sell if the underlying (not the option) goes up 2% or down 5%. Now the magic, first click the box where it says, Advance Order: Single Order, and change it to 1st trgs OCO . Now change the selling price to below the pivot low, change the Day order to a GTC, "Good to Cancelled" order. For the Trail Stop you'll want to disable the upper limit to let er run. The second order is a simple trailing Feb 20, 2021 · We're going to sell that as our initial. What really sets thinkorswim apart from its rival here is paperMoney, which is simulated trading. OCO orders work on stocks. It may be used as the triggered order in a First Triggers so that when the first order fills, both OCO orders become working; when either of the latter is filled, the other is canceled. Set the first limit order as a sell price, make sure it's set TIF as GTC (time in force as 'good till close'). 45/share which I assume it was doing correctly at the time because right now the stock price is at 31. Buy a Call/put/Stock with no stoploss but a moving profit trigger when the Call/put/Stock goes down ?. or similar. I'm not sure what a "1st trigger" bracket order is, but I use double bracket orders (orders with a separate sell target & Stop Loss as a default and have had good success with it. In this tutorial, we'll show how to place stock orders using the platform. Feb 5, 2016 · I think it would be pretty easy if there were a 1st triggers sequence of OCO order type, but that’s not an option, so it will take a workaround. For example, buy X if price hits 100, then sell if price… Okay, I have been trading for about 8 months. I was wondering if TOS has the ability to save an order template. or 1st triggers all, and then right click on the buy LMT order and click “opposite order. It waits for the initial order to execute, then immediately sends the remaining orders for execution all at once. It doesn't happen when I create a new 1st trgs seg conditional order. 20 but pay not more than $53. The issue is I would like to be able to exceed the limit of 8 total orders in the sequence. Something like that. Entering a Branched OCO Orders After creating a working First Triggers OCO order, one or both halves of your OCO order can be edited and turned into additional OCO orders. 1st Triggers OCO: The first order in the Order Entry screen triggers an OCO order (“one cancels other”—see below). Stops get blown when you least need them to, it happens constantly while I trade, options are nightmarish with stops in the way they rarely trigger at a got fill if ever. Have to wait until tomorrow to talk to the futures gurus at TOS. thinkorswim has OCO, contingent, and 1st triggers all. It will allow you to create an order for one stock (in this case a sell order for one stock), then once that order executes you can have it create a new order (in this case, a buy order for the other stock). One triggers another, which triggers, which triggers another, and again you can go as far as you want with this. In ThinkorSwim Mac I'm trying to create a 1st trgs 2 OCO order template where I can put in: A buy order using a $ amount (like $500) for quantity Then 2 sets of the following (each OCO represents a different profit target for half of the shares): Apr 16, 2021 · I also, when creating orders to enter, i will enter a 1st trigger OCO order all the time. Personally, I saved a Buy Custom order that I saved that is coupled w/ a '1st Triggers All' sell stop so that my entry and stop loss are both spelled out pre-trade. Aug 28, 2023 · Now, let's break this down. Please let me know. Adjust mark and stop limit pricing. 84 and the premium is at 1. 00 Or Sell (2) @ -2. Market order triggers TP and SL of 15% on every trade. How to Buy Stock on thinkorswim Desktop . But i mainly use ToS mobile to execute my trades as i find it easier. I'm confused about setting 1st triggers OCO orders in Papermoney. Edit: formatting This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. But can I do an automatic percentage for stoplimit? Any advice would help. 42/1. ” Click on it, change it to 1st triggers Seq. 1st order sells a vertical spread. Posted by u/ASAPCrafter - 1 vote and 5 comments Clients must consider all relevant risk factors, including their own personal financial situation, before trading. So I would like to add a 1st triggers all order with a 10% stoplimit order where it’s automatically applied as my order fills on the breakout. When one of the subsequent orders gets triggered, is there a way for my ThinkScript to know what bar number it was triggered on? I see there is a BarNumber() function. What i want is for 1st triggers OCO to be my default order type. Hi, I am using a 1st triggers sequence of conditional orders based on custom studies. Use an advanced order type instead. If your intent is to set an OCO upon order entry, for both a profit limit and stop loss, then 1st Triggers OCO will work. To add a 1st Triggers OCO order in Active Trader, repeat all steps from Entering a First Triggers (above), but keep both orders from Step 2 enabled. This does not protect you if the order does not work out though. To add a 1st Triggers order in Active Trader, do the following: In the second line of the Big Buttons panel, choose TRG w/bracket. Thread starter mastermind07; Start date Jun 21, 2020; M. Lower left corner of the order placement window, you’ll see “single. option ticker symbol for each of this trigger. When I enter a buy or sell order on the Active trader ladder, I would like to have the the stop portion of my order to enter an identical order in the opposite direction. Also I do it because, again if I understood correctly, support said a buy to open trail stop isn’t common (My understanding from chat support is that the trail stop is mostly used on It may be used as the triggered order in a First Triggers so that when the first order fills, both OCO orders become working; when either of the latter is filled, the other is canceled. Adjust "sell" order limit pricing. Feb 11, 2021 · TOS gave you the answer However, you could try making a 1st Triggers All order with each option Qty set to -100% That should work better than a Blast All order with Qty set to -100% For more information see THIS page in the Thinkorswim Learning Center The problem is that it would take time to pull up a saved order, verify, and 1st Triggers All: The first order in the Order Entry screen triggers up to seven more orders to be submitted simultaneously, each independent of the others. you can do this with a conditional order, or perhaps an order set where your 50% profit order both cancels a lower protective stop via OCO, and triggers a trailingstop order via trigger when activated. I am on ToS and have my 1st trigger OCO programmed and all set. Is there any way to do this? Or is the only way to accomplish this is to enter the trade with a 1st triggers 2 OCO order? Seems weird that you would be able to do it upon trade entry, but not after you already have a position established. But the order did not trigger. I have a default TRG Bracket that I saved that places my stop loss as soon as the shares are acquired. I even talked to TOS customer service today, and they didn’t have an answer. The second conditional order to exit the position at the open of the next bar has got me stumped. I'm trying to buy an option at market price and then sell that option when its value goes up 2% or down 5%. From the looks of how this is set up, could anyone tell me what each of these 3 orders is set up to do? In this particular situation, my goal is to buy when the price rises above $53. Is there a way to automate this? i don't mind having to update some prices, but if i select a position i want the order entry to fill with three orders. r/PLC • I had to use one-shots in Zeliosoft so i resorted to off-delay timers. Jun 21, 2020 #1 New to ThinkorSwim. ” The ‘Triggers OCO’ portion means that once I am filled on my XYZ purchase, a One-Cancels-Other order is immediately and automatically placed. Apr 14, 2021 · This is a 1st triggers OCO order type. The unofficial subreddit for thinkorswim®. How I was thinking of doing it on the mobile app was through (see attached). Winner: thinkorswim Mobile Apps How to Buy Stock on thinkorswim Desktop . Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Now you'll get an "Order Confirmation Dialogue" box, that you can confirm or edit. My basic order for trading is to buy X shares at market, then trigger an OCO: [Limit sell everything at 10% over my trigger price] and [Stop loss sell everything at market at 5% below my trigger price] when I think something will make a decent run. Hello all - I’ve just used the search function but can’t seem to find the answer I’m looking for. I have a Hey all sorry if this was asked. No clue why. Now click the little blue dot to the left of your Stock order and click Create an Opposite Order. 1st triggers OCO order. A good example is "1st Triggers Seq" where you can (totally) automate the trade process based on indicator swings. on the mobile app yea i think you hit the option then go to trade spread and then to advanced order,,,there you'll see the trigger order on top and you can add orders to the OCO beneath it, you have to go and change the OCO orders from "To Open" to "To Close" by pressing on them and changing the setting, and yes it's "1st triggers OCO" and yea one OCO is a limit where you set your profit There are hundreds of little traps on all brokerage platforms, try set alerts to your phone on price levels. entry price you got Order #1 for It will look like an OTOTO: Order 1: Buy Order 2: 100% trigger (½ position size) Order 3: 200% trigger (½ position size) Order #2 and #3 can be GTC orders. If this was a buy order, the standard stop order would trigger off the ask price. The standard means that the trigger price will trigger based off of the bid price. Will my first call to BarNumber() be the bar that my order was triggered on? I watched a couple of to a half dozen YouTube videos, and 1st Triggers get me along the way, but not all the way there. mastermind07 New member. With the OCO order which ever one triggers first will cancel the other one preventing you from going short. 7. Open Aug 12, 2009 · I’ve been using this functionality in the form of ThinkOrSwim’s “1st Triggers OCO” orders, so let me explain. No stoploss but want to move the profit trigger. dmpgqaq qoamnivpl eden efcg aesdnam rbpir qjtwyy vqlnt efyyen djsz lsff rkzxxq wzzwh tqzgc ugg