However, if you have a process-driven approach, much of this is mechanical, and can be outsourced to the actual ThinkOrSwim platform to try and automate as much of the trading process as possible. The reason we focus on longer time frame chart is trade ideas here typically require you to be more patient, and to keep monitoring the charts to see whether or not your trade conditions are true. That being said, this is still an incredibly powerful way to take advantage of patterns that you may have found on longer time frame charts.
There is no way (at least that we’re aware of) to have fully automated trading in ThinkOrSwim (at least the platform). This is not a recipe to create a ThinkOrSwim algo trading bot. Now, before I move further, I want to caveat by saying that this technique still requires you to manually write code, every time you’d like the condition to trigger you either into or out of a trade. For the 16 th episode of “How to thinkScript”, we’ll switch gears and explore writing thinkScript code to achieve as close to automated trading in ThinkOrSwim, as we can.
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