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Thinkorswim oco order reddit
Thinkorswim oco order reddit. I'm trying to place a Stop buy order with OCO brackets where once the Stop order is filled then my OCO brackets generate a Stop sell order for stoploss and a Stop or Limit order for the exit. Order type “Blast all” might get you there…can’t remember if it’s 7 or 9 entries max though and you’ll have to set up each order manually so be sure to save the template too Reply reply is it possible to have an OCO order placed after a certain market condition Here is my attempt at an example: stock is trading at $4 now i want to place an oco when it gets above $5. Meaning that if Order A is executed then Order B (and C) is cancelled. I remember being able to save orders on the desktop version that would allow OCO orders with a percentage of the initial trigger price. This is the definition of the OCO order on Thinkorswim with TD Ameritrade. Yes, these sorts of orders are input as a ‘sell’, and thinking about it in that way should clear things up. I like to use OCO orders with "auto send" is checked in and the quantity in the active trading menu so I can execute orders quickly without the confirmation window , I couldn't find a way to do that. not sure how it can used to buy. I place a Stop buy order at $1. STOP MKT $1 qty 1 or SELL LIMIT $2 qty 1. I watch the stock and say it's up to 10. 00 with a market order. I was wondering if TOS has the ability to save an order template. Click on the Advanced Order button and load each choice so you can see what they really mean. Let's assume you only have $4000, so you can afford only one AMZN or GOOGL share. 10+ under the order review section. Feb 19, 2022 · I create the order on any stock (just to get the template setup) with the criteria I want i. Is there a setting somewhere that will allow me to drag my price levels around? Cheers. in my oco i want a limit order at $7 and a limit at $5 basically i only want to sell it at $5 if it goes above $5 and then comes back down without hitting $7 Not generally; if your order is the opposite of an open position, it'll close it. Add two orders and individually create a limit sell order to close and a stop loss to close. I’ve used both OCO orders and Stop Limits, but since you’re using ToS I wanted to share another type of stop to look into: ‘Trailing Stop’ TRAILSTOP In some brokerages. To do this, in the options chain right click on the bid or ask of the strike and call/put you want to purchase. 75 for -100 shares. You can also have a OCO order to where when you buy, it'll automatically trigger the 5% stop, but also trigger a 5% (or whatever you choose) limit sell Does anyone know a way to quickly set an OCO Bracket Order on a position that has already been filled while using active trader? I know you can make OCO and bracket order templates and use them when you place a trade I just can't figure out how to use them on a position that is already open. 00 GTC, OR stop loss sell 25 shares at $9. Thanks in advance Setup your first spread order, change to OCO, then right-click on your first spread > duplicate order, and then you can change the parameters on your 2nd order. I then save that as a template. I entered an OCO order to buy to close but my stop loss order was filled right away since TOS took it as a limit and filled at a better price. Is there a way to save a custom oco order template on tos mobile? I'm new to Think or Swim and I'm doing a lot of practicing in the On Demand feature. Thanks for reaching out. When you're done submit the order and it'll submit all three as a group. 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. Hello. 50 so I click in the AT Ask cell for 10. Say I'm trading a single stock and want to set an OCO at +/- 2% of my entry price. I do OCO/close orders all the time and have never had it not work like that. I saved it and am trying to use it on a ticker. For example, I would have a saved order that once I selected the strike, it would populate the OCO legs with a sell order at 10% profit and a stop limit at 20% loss. then : sell limit 5 shares and SL market 10 shares. An OCO (one-cancels-other) bracket order will set a stop loss order below and a take profit order above your position. Aug 12, 2021 · Hello all, I created an OCO order template and saved it as below. However, if I already own a stock, I'm a bit confused on how to setup both a LIMIT sell above the market price as well as a STOP order below the market price AF Did you find 1st Triggers 2 OCO? Sounds like what you want - The first order in the Order Entry screen triggers two OCO orders. Have you ever figured this out? I'm also trying to place a 3% stop loss order in after hours and it won't allow me to do it. Any advice on how best to set up buy to close OCO orders? An OCO (One Cancels Other) order is a compound operation where an order, once filled, cancels execution of another order. What i want is for 1st triggers OCO to be my default order type. I create the order on any stock (just to get the template setup) with the criteria I want i. I want an OCO that one of one of the 2 orders triggers another one. ” Then change it to your liking Wondering if people are having the same issue where when you place an OCO buy order on thinkorswim the only orders that are executed are the buy order and the stop loss but not the sell limit order. 1st OCO order-- Limit sell 25 shares at $12. You wouldn't need an OCO because what would you cancel? The trailing stop is still a stop. OCO orders seems to work, but I need to know about OSO orders The unofficial subreddit for thinkorswim®. is there a way to avoid this or ideally automatically adjust the SL to the remaining shares after having taken partial profits ? Go to thinkorswim View community ranking In the Top 5% of largest communities on Reddit. I only use it to sell positions i already own. It's a bit of a pain to have to change the order type and everything in the market when its moving fast. If and when you edit these guys a "save" button will open and you can then build as many of these guys as you desire. 50 trailing stop followed by the OCO part of the order, a $1. TOS doesn't like MOC orders as part of OCO groups. OCO, or, One-Cancels-Other (sometimes called bracket) orders are exactly what you’re looking for. I'm trying to buy a straddle and have an OCO for both legs separately. OCO can be placed for a Day or GTC. How do you place an OCO order to buy 1 AMZN limit $3000 OR buy 1 GOOGL limit $2500, where only one of them will execute (first match)? I can see how I can copy a single order into the clipboard. May be there's another way but that's how I do it. 02 with a market order. 00 GTC Basically, this set up splits the profit taking into two levels across two orders, while keeping the protective stop loss at one level across two orders. e. Hey yall So I have this buy in, stop loss, profit target order where basically I have a conditional OCO order using the order rule window that essentially submits my order at a specific time and it looks like this: 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: Feb 19, 2022 · Couldn’t this be solved by an OCO (one cancels other) order? That is what I do. 1 take-profit for 10% above the fill price ($110), and another stop-loss 10% below the fill price ($90). 00. When you go to place an order, look for a drop down menu that shows “single”, change to OCO, then right click on your first order and click “create duplicate order. I've seen several examples online showing that when you right-click an existing options position there is an option to create a closing OCO order. 00 wide you'll give up 100. 00 trailing stop and a $2. 1st Triggers 3 OCO: The first order in the Order Entry screen triggers three OCO orders. use the active trader then you can just slide the limit to the current price or quickly cancel the oco and sell at market You wouldn't need an OCO order for this though, an OTO or OTS would work. Before being acquired by Charles Schwab, TD Ameritrade was an American online broker based in Omaha, Nebraska, that grew rapidly through acquisition to become the 746th-largest U. For example, first buy 300 shares of stock. " The order entry looks like this: OCO #1 is to sell at market price when a study condition is met. I am trying to find a way to set 2 separate OCO brackets of 33 shares each in which they both have the same stop price, but different take-profit prices. OrderA <OCO> Order B <triggers> Order C. However, I'd also like to set a MOC order so that my position closes at the end of the day no matter what the price is (but by definition it would be within the +/- 2% range since the OCO didn't execute. Is that possible on the iOS version? OCO. PIC 2: How to create & save a custom one-cancels-another (OCO) order - This allows you to have a stop & limit sell order as soon as you click BUY. On the ToS app, when you go to trade, scroll to the bottom and select "Create Advanced Order". I then want an additional order, the OCO, to be sent automatically that will set up 2 sell orders. Single, OCO, and 3 Trigger with brackets. My end goal would be to send out an entire chunk of custom orders based on certain indicator, that can execute subsequent stop loss / profit taking on its own Yes, that is correct. My question is with options and high IV is 10% to short a window? I did this strategy with 5 trades today on options that I thought would hit my target for a gain. It could even be more than that. If the b/a is 1. On mobile TOS, if you submit a 1st triggers OCO with only 1 subsequent order, the app will automatically convert your complex order into a 1st A type of order which treats two or more option orders as a package, whereby the execution of any one of the orders causes all the orders to be reduced by the same amount. You can’t do that…the oco are linked and market on one piece basically breaks the link, leaving you with the other order open, resulting in the ob/os message…. Is there a way to set 2 take profit limit orders while having a stop loss in a oco bracket? I would like to have to take profit limit orders set, and if my stop loss hits Id like for it to cancel the other orders. Then trigger a “bracket” order to sell your shares in two 100-share OCO orders. 02 you'll give up . So, I read through some of the past posts and I noticed that you can do this using an OCO Bracket setup during your purchase. My understanding/idea is that this template will be used on any ticker with a buy stoplimit (5 cents diff for buy), sell it for around 20 cents profit with a stoploss of 10 cents. OCO means one-cancels-other. So if an order to sell 1000 shares is in place and during that order execution the flatten button is hit, it sells the 1000 shares and shorts you a random amount of let’s say 500 shares. You can create up to 3 OCO orders and set each execution. it looks like Mark +/--0. From there select "1st trgs OCO". OCO #2 is to sell at market price before closing time as a fallback. I also can't flatten the order. 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. How many individual orders can be part of an OCO? I had the impression that OCO only meant two separate orders. Reply reply Stop orders aren't great for options. For example, in an OCO, change Stop to Trail Stop and Save. Those are order triggers other or order triggers sequence. you can change the trail stop as a percentage by clicking on the +/- icon next to the mark and changing it to "percent" instead of "amount". Also, has anyone done multiple chain OCO orders, like if X, else Y, but within X, I have another bunch of conditions. 1st Triggers 2 OCO: The first order in the Order Entry screen triggers two OCO orders. 00 take profit limit sell. In thinkorswim, you can either set a stop order or an OCO bracket order. Thinkorswim is the most advanced in executing orders. It’s not the intention of the button nor has it happened prior to 2022. The order gets rejected because it says I'll be oversold. You can use a limit order for your profit goal. A buy order (the “trigger” for the OCO) with a $0. So, I would like to create an order where a buy triggers an OCO, but one of the OCO orders is itself another OCO. STOP MKT $1 qty 1 or SELL TRAILING PROFIT NO LESS THAN $4 qty 1. I can’t find a way to do nested OCO orders… you could enter with an OCO at the top&bottom of your range (2x limit orders), and then when one triggers put another OCO in to exit (limit & stop). Having a hard time getting used to TOS platform. Reply reply [deleted] For OCO group on the chart, I can drag as individual orders in the group as the entire group. The only closing order option that shows up for me is a BTC limit order. Are there specific stocks that don’t allow for the sell limit order? Today my OCO sell bracket got rejected with this reason: "Orders in one cancels another (OCO) should be different by symbol, buy versus sell, price, or destination. For example, first buy 200 shares of stock. - Use the AT ladder to place orders *Two charts are not necessary if trading shares as you can simply active AT for that ticker on that chart Scalping using Action Trader ladder. Example: The stock is at $1. Is there a way to copy everything or I have right-click on every single line item in an order, click Copy, and paste that to a notepad document? I use OCO of 10% loss or 10% gain to execute the appropriate OCO order based on my purchase price of the option. I want to control the difference between the buy price and both stop loss and sell prices. 1st triggers OCO requires the initial order and 2+ subsequent orders that all go into effect once the initial order is filled. I have an existing position of 66 shares. Is there any way to do this? I set up my initial OCO to sell 100% of my position at my stop, and sell 30% of my position at my Take Profit level 1. 50 GTC, OR stop loss sell 25 shares at $9. For the latter, I just have to aim precisely on the bracket on the price axis. STOP MKT $1 qty 1 or SELL LIMIT $3 qty 1. Then in order entry tools, under advanced orders select OCO and add the second order. . 00 instead of 5% so you need to hit the +/- to switch it to % and set it to -5. I have to cancel the stop order to set the limit order. 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. I think there's some option in TOS which controls this, but that's the default IIUC. But I'd like to have an OCO for options that close based on 1) 50% profit, 2) 200% loss, and 3) 21 days before expiration. For example, if you bought shares @ $20, you can place an OCO order w/ Limit @ $24 (take profit) or Stop @ $19 (cut loss). Market order triggers TP and SL of 15% on every trade. Is this possible? Specifically, I'd like to create a template that when I click buy, it creates a sell limit order at +2% of entry price (my take-profit point), and a stop loss at -1%. What you can do is to cancel your existing order and create a new one. But if one of my limit orders hit, I want my stop loss to still work until my second take profit hits. Obviously this isn’t the automated approach you were asking for. You want to place two limit orders, the first one that match will cancel the other. However, I'd like to be able to copy a more complicated OCO order into the clipboard. When any of the subsequent orders are filled, the rest get canceled. Once it hits either, that order is closed. :/ good luck! $ Amt order appears with both OCO bracket orders (3 total) $ Amt order status immediately changes to "triggered", and OCO trades show "cancelled" New buy order appears with a round number of shares approximating my $ amt order and status "working", with new OCO sell bracket orders at my same % gain/loss and status "wait trg" In the Template Drop down there are five standard order types. Has anybody done this? I can do this using 3 separate OCO brackets, but I want to do it using a single CUSTOM BUY ORDER to make my life easier. S. Learn how to create a OCO bracket order in ThinkorSwim. Theoretically when an order is sent, that status either overrides or gets denied. This video also covers the other advanced order options and the method of saving an order template fo Dec 30, 2021 · How do I create a conditional sell order for an option contract that triggers when the underlying's price goes below the low of the prior 15 min candle? I tried messing around with thinkscript and conditions in the Order Rules screen but I'm getting nowhere. But in your screenshot it's set for $5. Isn't this the same as a limit order since the limit price would be 3% lower than the price I buy it at? not sure why this won't work. Now, I can't create another limit sell order for my Take Profit level 2 because my first order has the shares already in the first order. Thanks in advance. I buy, say 100 shares at $10, then I set a stop order at 9. 00 GTC 2nd OCO order-- Limit sell 25 shares at $15. Free level II data too from thinkorswin. I also use it for stocks screener to see top 10 stocks that move. It's kind of tedious to have to replace or cancel the order every time you want to make a change. however when the sell limit order was activated ( when I took partial profits ) I also lost he stop loss . The only thing I would set in the order is make TIF for the trailing stop a DAY order. thinkorswim® is owned by TD Ameritrade, which has I initially put an OCO order ej: buy 10 shares. If OrderB is executed then OrderA will be cancelled and Order C will be triggered. 10. This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. If the b/a spread is . But I don't want to manually add each order, every time. Then use an alert for the downside, then put in a meaningful limit order if you decide to "stop So I am sure I am not the only one, and even though I don't size big yet, I have had a few of occasions when volume was low and I would get a partial fill on an OCO order and that partial fill ends up hitting my profit target yet TOS doesn't sell me any of my shares because it still hasn't filled the OCO order all the way, so what it ends up doing instead is it waits for price to fall back TSL or OCO orders can only be placed, after a stock has been purchased, correct? Or can I execute these orders, while also purchasing a stock? Example: My current understanding, if I want to have either a TSL order, or an OCO order for stock XYZ, to sell off 10 shares at $98 each (or -2% loss) from a purchase price of $100. Hi there, I created some Short and Long SPY 1st TRG OCO orders for this Tuesday, I want to share this orders to some friends but instead of having them to manually copy and type them, I want to share this 2 orders. firm in 2008. i had a similar question. 48 to place a limit order -100 shares. I was under the impression you could click and drag your price levels on the chart after setting up a custom oco bracket order. 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.
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