Thinkorswim automated backtesting Backtesting a New Trade Strategy with thinkorswim's OnDemand | Getting Started with thinkorswim® Master Think or Swim (ToS) Indicators | Trading Tutorials Jan 14, 2023 · Thinkorswim “Strategies” is a back-testing capability to provide you with historical buy and sell signals on your chart based on your strategy rules, as well as provide a graphical and table report that shows the hypothetical profit/loss of your trades. This custom ThinkorSwim study will help you to build, test and optimize trading strategies much quicker. You can visualize the backtest in real-time, allowing you to see how your strategy would have performed under different market conditions. "Daytrading With Night Volume" by Domenico D'Errico. Backtesting is the evaluation of a particular trading strategy using historical data. If you have any questions or comments please leave them in the comments Feb 1, 2021 · How to code in your own trading strategy in thinkorswim for backtesting to see potential profit/loss outcomes. Quick Facts TOS vs Ninja Trader for Futures: A Practical, Personal Experience My Background ThinkOrSwim (TOS) Ninja Trader (NT) Comparison Table My Verdict Final Thoughts Frequently Asked Questions Quick Facts Fees: TOS: $1. Within this video I provide a step-by Aug 19, 2024 · It’s a great crowd with lots of experience on the Thinkorswim® platform and a FREE Discord community. Its Hi everyone, welcome back to my channel. In this article, I’ll walk you through my personal experience of backtesting a strategy on Thinkorswim, highlighting the steps I take, the insights I gain, and the lessons I learn. It works seamlessly with TradingView and supports other platforms like NinjaTrader and MetaTrader. Traders can create and backtest trading strategies using thinkorswim's Strategy Builder tool. This is a simple, free way to backtest your strategy so you can improve as a trader. If you haven’t used it before, thinkback allows you to manually backtest your trades and quickly see Nov 4, 2024 · Discover how the Thinkorswim trading bot can automate your trading strategy, enhance efficiency and profitability with real-time market analysis and execution. Popular Thinkorswim® Auto-Trading Solutions, Attempts, or Experiments Based on my research, there have been numerous attempts to create an auto-trading tool for Thinkorswim®. Net Video Title: "Mastering Back Testing in 2024: ThinkorSwim Tutorial 📊🚀 Tired of guessing if your trading strategy actually works? This custom ThinkorSwim script shows your win rate, profit, and drawdown live on the chartWatch ho Learn how to use ThinkOrSwim backtesting for better trading results. If you want to learn more about this concept Feb 4, 2025 · Automation-Friendly: TradeStation integrates with algorithmic trading systems and supports automated strategy backtesting based on historical data. Jan 19, 2023 · This blog will describe how to evaluate your trading skills through Thinkorswim OnDemand features. Like it or not, you're going to take losing trades. Multiple timeframe In this ThinkorSwim tutorial, Scott Bauer shows how you can use the analyze tab to look at any potential trade setup or current position you have. Take the complex out of complex orders and find your edge today. Chapter 7. You can do backtesting using thinkscript but you can’t automate it from the script. With ThinkScript, users can create custom technical indicators, study filters, and automated strategies to enhance their trading strategies directly within the thinkorswim platform. Jan 12, 2024 · Prove your stock trading strategies are profitable in ThinkorSwim! Access My Codes: https://DayTradingStrategies. While I prefer Thinkorswim, TradeStation does have some notable advantages over Thinkorswim. But of course if you can make it that far, then you start thinking about taking it one step further and creating an automated trading With this integration, users can leverage UltraAlgo's automated trading features within the familiar and robust environment of thinkorswim. I then stumbled across thinkscript. Proudly based in the US & trusted by 15,000+ users worldwide. Learn how to build a powerful moving average crossover backtester for ThinkOrSwim. The Thinkorswim OnDemand allows you to move back in time to do simulated trades using all your trading indicators and setups. Refine Your Approach: Update scripts and automation rules as you backtest and adapt to changing market conditions. The thinkorswim platform offers automated trading capabilities, which can be customized to fit individual trading styles. A 2019 study found that 97% of traders with more than 300 days of active trading lost money, highlighting the importance of rigorous backtesting and strategy development. Further Reading 1. This feature allows you to test automated trading strategies (called Expert Advisors or EAs) across various financial instruments like forex, stocks, and commodities. Initially I had looked at the TD Ameritrade API but the authentication/ logon process seemed long-winded and slightly complex. Aug 4, 2025 · Use ThinkOrSwim's OnDemand feature to backtest the Keltner Channel Wedges indicator. https://bit. 5:1 average winner to loser. 53 commission per contract (futures) Platform: TOS: Web, mobile, and desktop, NT: Windows, macOS, and mobile Charting: TOS . Let’s have a look at what this indicator could look like: input price = close; input length = 20; plot avg = Average(price, length); This script will plot a 20 period SMA of Close price with both length Apr 18, 2025 · 2- tastytrade’s Backtesting Feature tastytrade’s backtesting tool is great if you want to get started with backtesting options for free. They can either be used to setup automated trading systems in other platforms, or traded manually within ThinkOrSwim and improved with price action trading principles. In this video, we're diving deep into the world of automated trading using Thinkorswim's powerful platform. I wrote a strategy to backtest that I'm happy with but it contains many conditions and multiple buy/sell signals. Backtesting Here is the goal: create a few option strategies such as sell put a few weeks out when x boxes are checked such as rsi dips below 30 and macd crosses or something like that. It connects directly with the exchanges (stocks, crypto, and forex), you can also build a screener super easily. Build custom indicators, set intelligent alerts, and backtest winning strategies on Thinkorswim platform—no coding experience required. This streamlined integration empowers novice traders to execute trades, analyze market trends, and backtest their strategies seamlessly, all within the thinkorswim platform. Here's how it works. How To Backtest Trades On ThinkOrSwim The Daily Traders 158K subscribers Subscribe Once you have added all the desirable pre-defined or newly created strategies, you can backtest their performance using a feature called Strategy Report. These scripts can be used to save time and streamline your trading process. 65 per contract. https://easycators. Net Are you ready to unlock the power of automation in your trading journey? Thanks for the reply. Automated trading systems can be used for various trading strategies, including trend following and mean reversion. Thanks for any info. Follow this step-by-step guide to validate your trading strategies across stocks, crypto, forex, and futures. Jul 8, 2025 · LuxAlgo's AI-driven tools empower experienced traders by delivering real-time data analysis, automated backtesting, and access to more than 100 advanced technical indicators. Jun 9, 2025 · Learn how to backtest options strategies effectively with our step-by-step guide, including the best tools to use for accurate results and improved trading success. Quick Facts Thinkorswim Trading Automation Why Automate Trading? Getting Started with Thinkorswim Understanding thinkScript Practical Example: Setting Up a Moving Average Crossover Strategy Risks and Considerations Backtesting and Optimization Frequently Asked Questions Quick Facts Thinkorswim (TOS) Trading Automation: Leverage pre-built algorithms to streamline trading decisions without ThinkorSwim automated orders with conditional trading! Access My Codes: https://DayTradingStrategies. In back testing it is Sep 9, 2021 · Algorithmic Trading with Python and TD Ameritrade We are currently in the midst of a technological revolution in finance. It stores nearly a decade of historical option trade data and allows you to back test strategies by entering hypothetical trades in this virtual trading environment. The report takes into account all Buy and Sell signals suggested by the strategy and estimates the Profit/Loss value. Feb 20, 2024 · Thinkorswim Backtesting Thinkorswim Backtesting is a feature within the Thinkorswim platform that allows forex traders to evaluate the performance of their trading strategies using historical market data. This ThinkorSwim automated strategy showcases the power of relative strength index May 8, 2025 · Learn how to backtest chart patterns effectively. Technical analysis is not recommended as a sole However, ThinkorSwim has an automated backtesting tool using code to create an algorithm that'll test your stock trading strategy. If its not possible - if any recommendations for backtesting Backtesting Techniques: Leveraging backtesting as a crucial step in refining and improving your automated trading strategies. Automating a trading strategy on Thinkorswim streamlines the entire trading process. I see the AddOrder function buy buying/selling the stock, but is there a similar function that could be used to buy/sell options on the underlying? My Google Fu is coming up empty. Using Thinkorswim Aug 28, 2023 · Top thinkorswim mobile demos Introduction to thinkorswim® Mobile for iPhone Learn how to navigate and place trades on the thinkorswim® mobile app for iPhone. Trading a Smaller Account | Barbara Armstrong | 3-8-24Characteristics and Risks of Standardized Options. This automation minimizes human errors, making the trading process more efficient and consistent. Thinkorswim Strategy Guide MTF, Backtesting, Strategy, Analysis, Stocks, Options, Futures, Forex, Markets, Trading, Free Indicator Dec 14, 2024 · Learn how to properly backtest your trading strategies using Pine Script on TradingView. Also is the web interface for thinkorswim capable of doing the back testing? I've gone to the mobile app for tos years ago, by the way I love it for everything including options forex and equities. Thinkorswim Automated Round Trip Trades, Condition Wizard, Strategy Back-Testing, Saving and Using Order Templates Dec 21, 2016 · ThinkOrSwim allows you to test strategies in mechanical form, which can later be applied to either discretionary or automated trading systems. Backtesting a combined Long & Short strategy: h Backtesting is a crucial component of Thinkorswim Automated Trading, allowing traders to assess the performance and viability of their strategies before deploying them in live trading. This strategy uses advanced orders to UltraAlgo for TD Ameritrade allows traders to leverage / execute algorithmic trading. I've looked into the Study Order Condition using Thinkscript but it seems like that is more for one-two liners maybe? Experience thinkorswim® desktop—a customizable trading software with elite tools that help you analyze, strategize, and trade like never before. The support backtesting in house (literally strategy. Jan 17, 2023 · Create an Automated Custom Back Test in Thinkorswim using the steps listed here to uncover valuable insights about a trading strategy. S. BackTesting using onDemand vs Paper Money & Accuracy of Strategy For BackTesing When using PaperMoney to test strategy, I noticed some buy/sell signal not captured, so I did a simple script (attached in the end), it still missing out, so if I have buy, buy, sell_to_close, only first buy will show up. Our ThinkScript review concludes that it’s a powerful, free tool for traders who want to enhance their Thinkorswim experience through customization, automation, and smarter trade execution. Let's see how it works in practice. 8K subscribers Subscribed ThinkScript ThinkScript is a powerful scripting language developed by TD Ameritrade ’s thinkorswim platform, tailored specifically for traders and investors seeking to customize their trading experience. backtest('1y')) and switching to live is a one line change. Codify your strategies and trade with confidence. We specialize in creating custom TOS bot strategies, optimizing Thinkorswim bot settings, and delivering fully automated solutions across TradingView, Thinkorswim, and MT4. Step-by-step guide with real examples, risk management tips, and common pitfalls to avoid when testing your trading ideas. presidential elections. Learn how to create a Post-Election Backtester in ThinkOrSwim to analyze market volatility after U. I've been a TOS user for a long time. For automated backtesting, combine with ThinkOrSwim's strategy functions. Enhance Your Trading with Precision Backtesting & Automation Backtest SPX, SPY, QQQ, AAPL, TSLA, and more with 1-minute data, then automate your strategies for seamless execution. Today’s video provides a tutorial on how to backtest a trade in Thinkorswim. Aug 5, 2025 · A smarter and easy to use Opening Range Breakout indicator, allowing you to trade the strategy like a pro. Key features include customizable indicators, multi-timeframe analysis, and an AI Backtesting Assistant that scans millions of strategies to match user preferences. Results presented are hypothetical, and there is no guarantee that the same strategy implemented today would produce similar results. Download the Market Pulse indicator f Jul 14, 2025 · Learn thinkScript programming from scratch with practical examples. You can semi automate it from advanced order template though using your thinkscript signals. May 24, 2025 · The core of MT5's backtesting capabilities lies in its Strategy Tester. Been trading this for awhile now and having some decent profits. Feb 5, 2025 · Stock backtesting is a tool for evaluating trading strategies by reviewing how they would have performed in the past. Thinkorswim’s learning center is packed with resources to help you stay updated on new features and techniques . Backtesting is a crucial component of Thinkorswim Automated Trading, allowing traders to assess the performance and viability of their strategies before deploying them in live trading. Our beginner guide covers strategies, tips, and risk management. Net FREE Live Trading Room: / treydingstocks In this video, we take a deep dive into the world of stock market prediction using a custom ThinkOrSwim Struggling to find high-probability trades? This ThinkorSwim RSI Divergence strategy could be your edge. I’ve been watching a ton of videos about thinkscript and strategies that include buy/sell orders. Creating Strategies At this very moment we presume that you are able to create a simple technical indicator as the most useful commands have been discussed in previous chapters. Technical Analysis of Stocks & Commodities, June 2017. These bots can analyze market data, spot trading opportunities, and place buy or sell orders based on the criteria you set. I show how to backtest any stock strategy with ThinkOrSwim. Jan 9, 2025 · A Thinkorswim trading bot is an automated software program that uses pre-defined rules and algorithms to execute trades on the Thinkorswim platform. Dec 4, 2021 · These ThinkOrSwim trading strategies can be traded standalone, or tweaked further and customized to fit an individual’s trading style. Jul 22, 2025 · LuxAlgo is a trading tool designed to simplify decision-making for traders using AI-powered indicators and backtesting systems. TradeStation also provides a larger range of order types, such as limit and stop-limit orders, which Thinkorswim does not. Why us? Stop losses are very important in stock trading. Where I haven’t been able to get much clarity is when does the strategy go live? Do you have to enable it? Are buy/sells going to automatically start happening when you apply the strategy to an active chart? I have heard Take advantage of the award-winning thinkorswim® platform suite and all its cutting-edge tools, now exclusively at Schwab. So, I wouldn't be able to use the "studies" and other tools that are programmed into the backtesting script. Conclusion Thinkorswim supports semi-automated trading through thinkScript, conditional orders, and alerts. Jul 1, 2024 · Find and backtest 0DTE options trades with the 0DTE Oracle, Option Alpha's new tool to explore trades with backtested results. While it is not designed for fully automated high-frequency trading, it offers a robust environment for strategy development, backtesting, and semi-automated Learn how to implement automated trailing stop loss orders, a vital tool for safeguarding your gains and managing risk in volatile market conditions. Allowing you to build the best trading strategies and build them faster! Fully Automated Trading in Thinkorswim?Would you like to automate your trade entries and exits on Thinkorswim? How about having those orders executed based o Sep 16, 2021 · Is it possible to "backtest" a scan so I can check them historically rather than waiting to see what happens in the future? I tried going into the scan and setting the offset in each of the studies to a backtest date. Oct 1, 2019 · This thread demonstrates how you can use the AddOrder logic to create your own ThinkorSwim backtesting script. Articles in this section will get you acquainted with the concept Jun 6, 2020 · Thinkorswim and TradeStation are two of the best trading platforms on the market today. Being able to limit the losers is what allows for profits over time. Document win rates, average gains/losses, and optimal market conditions for best results. This is a very rare approach to automated trading and is extremely helpful. With new advances in computing and artificial intelligence, there is a lot … Jun 20, 2025 · Explore how AI tools enhance algorithmic trading through market analysis, strategy development, and risk management while addressing their limitations. Low Options Fee for High-Volume Traders: With a $0. I have done back testing - looking at PL, etc. Automate your trading back testing in ThinkorSwim with ThinkScript! I'm working on learning how to script in ToS and I was trying to create a put-write strategy in ThinkScript to backtest and compare the performance. 99 commission per contract (futures), NT: $0. Does anyone have a way to automate strategy backtesting? I have a strategy that's been profitable thus far, but would like to see if this can be automated to see results across various Indexes, Equities, and Forex. You can take the edges you identify quantitatively with ThinkOrSwim, and apply them to a discretionary trading strategy that takes advantage of even more precise entries and exits than what an automated Jan 1, 2022 · New to TOS. Do you know if you can set alerts to when your thinkscript strategy "makes a trade?" I tried to figure it out, but hit a wall. 👉🏼 My #1 site for trade ideas - Market Chameleon (FREE 7-Day Trial):more Backtesting helps test different strategies and systems that have worked in the past. Automated trading systems can execute trades based on predetermined criteria, which helps eliminate the emotional factors often associated with trading. With this powerful tool, traders can simulate trades and analyze how their strategies would have performed in the past, helping them make more informed trading decisions. Backtesting a combined Long & Short strategy: h Let's use the MACD Signals Backtester, and find markets where that is a profitable, stand-alone strategy worth following. ThinkorSwim Automated Backtesting | Live Strategy Stats on Your Chart This Price Action Signal Nails Market Reversals (High Win-Rate) I Wish I Built This Scanner Sooner Learn the modern day Turtle Trading Strategy, designed to find the best trends and ride them for as long as possible. NinjaTrader: Advanced automation capabilities for futures and forex markets. However, ThinkorSwim has an automated backtesting tool using code to create an algorithm that'll test your stock trading strategy. And once satisfied use their signals to manually enter real trades in live trading. Furthermore, traders can backtest their strategies against A free automated trading script for ThinkOrSwim to buy the dip on a pullback in strong trends. Algokick elevates your Thinkorswim® trading game by automating strategy backtesting across multiple-selected symbols without interrupting your trading activities. tradeSteward is your one-stop service for automated options trading and trade strategy performance tracking. Discretionary trading of equities and options. May 8, 2020 · My criteria for an effective strategy (automated) is anything 50+% winning, with no less than a 1. Test different moving averages and compare P/L to find the best crossover. Video discussion of the steps I used to create a custom back test on ThinkorSwim to easily identify potential profitability of my trading strategy. Traders benefit from its sophisticated tools, including thinkScript scripting language and customizable scanners, enabling them to develop and test complex trading strategies with Jan 9, 2025 · No Automated Trading Or Backtesting: Active Trader Pro does not support automated trading strategies or backtesting tools, which could be a limitation for algorithmic or strategy-focused traders. As the title says, is there anyway to automate backtesting on TOS’s thinkback? I’m looking to be able to set up an options strategy in think back and not have to manually enter all the data. Find the best patterns with one-click optimizer. I've been reading through the documentation for thinkscript and it is pretty straightforward, however, I then came across the following sentence: "Before we pass to the Strategies basically consist of systems of conditions that, when fulfilled, trigger simulated signals to enter or exit the market with short or long positions. Sep 29, 2025 · We share a few practical backtesting tips from thinkorswim, and use historical prices to check the profitability of simple trading strategies. I would like to implement as an automated or semi-automated trading bot. Aug 19, 2024 · It’s a great crowd with lots of experience on the Thinkorswim® platform and a FREE Discord community. That more or less makes the strategy useless. Access over 150+ custom ThinkorSwim codes trusted by 2,000+ traders. ly/2v9tH6DDo you have a smaller account ThinkScript ThinkScript is a powerful scripting language developed by TD Ameritrade ’s thinkorswim platform, tailored specifically for traders and investors seeking to customize their trading experience. In order to backtest the performance of selected strategies, you can view a report by right clicking a generated signal and choosing "Show Report" from the pop-up menu. With advanced coding and backtesting trading strategies, we ensure your script is stable, reliable, and print-ready. Strategy: 15m (Intraday) / 30m (Intraday) / 2hr (Swing) RSI (10) STOCH (8) EMA (200) Risk to Reward Ratio 2:1 Set Hello, I am attempting to create an automated trading strategy. In the third episode of How to thinkScript, you will learn how to build a mini backtester for the TTM_Squeeze to find settings that work best for certain sym Jan 13, 2022 · Thinkorswim, by TD Ameritrade, stands out as a feature-rich trading platform offering comprehensive backtesting capabilities for stocks, options, and futures. Oct 15, 2019 · In this video I explain how to automate your trading system using Thinkorswim. Dec 12, 2024 · Option Omega is my top pick as the best options backtesting software because it allows you to perform automated backtests dating back to 1/1/2013 in just minutes. Backtesting is extremely important Oct 22, 2025 · You can by using ThinkScript’s custom indicators, automated strategies, and backtesting abilities. Its Jan 31, 2025 · With the thinkorswim scripts free database, you can access a wide range of pre-built scripts for tasks such as chart pattern recognition, technical analysis, and automated trading. Feb 1, 2021 · How to code in your own trading strategy in thinkorswim for backtesting to see potential profit/loss outcomes. Mar 14, 2025 · Track Performance: Use Portfolio Analytics weekly to evaluate how your strategies are performing. Practice your skills with 8 different examples and trade strategies (code included!). Step-by-step tutorial with code, insights, and tips for optimizing your trading strategy. Let us add Bollinger Bands® Long Entry and Short Entry strategies to the E-mini S&P 500 In today’s video we’ll be going through the thinkback tab on the thinkorswim platform. Turn ThinkOrSwim into your trading powerhouse with our free tools, software, and research. ly/2v9tH6DDo you have a smaller account Automated Options Trading in ThinkorSwim Treyding Stocks 31. Hello - I’m new to ToS. It includes every major ticker, and allows you to get a feel for automated backtesting software. Jan 3, 2025 · Automated trading is a valuable tool in TradeStation, allowing you to test strategies with historical data and automate trades. Lately I've been digging into thinkScript to code my stuff into Strategies and backtest them. If you want to master trading strategies and streamline your trading process, you've Oct 16, 2023 · Access My Codes: https://DayTradingStrategies. Today's ThinkorSwim study remedies both of these common occurrences by providing a label that will automatically tell you how many shares you should buy based on an inputted risk amount and an QuantVue is a system of powerful automated trading strategies built for retail futures traders. However, if you want to set advanced parameters and have the most accurate data, Option Omega is better. This feature allows you to go back to any day, minute, second and act like you are there trading in that moment. Apr 3, 2023 · Thinkscript is a programming language for the Thinkorswim trading platform that allows its users to backtest strategies and build trading tools. com -- More of Josiah's TOS trading resources New thinkorswim tutorial on how to program your own stock, futures, or forex trading strategy and then backtest it using thinkorswim. The reason I opened a TradeStation account in the first place is because I believe TradeStation is a much more powerful platform when it comes to backtesting and automated trading. Jul 23, 2024 · Additionally, TradeStation offers automated trading and portfolio analysis tools, which Thinkorswim does not. Load historical data, apply the indicator, and manually track signals and outcomes. Learn how to build your own automated trading strategy in ThinkOrSwim. It helps you see how a system would have performed in real conditions before risking real money. It also contains requests and code examples made by other members—worth looking over. Jun 9, 2025 · What is backtesting in automated trading? Backtesting is the process of testing a trading strategy using historical market data. Oct 17, 2020 · I cant be the first person who would like a basic spread script for options backtesting, so I thought maybe somebody made this a business? To be honest I'm not even at the point where I would know where to put the code- and no use educating myself if there is no way to actually backtest options in such an automated way. Multiple timeframe How to Create Automated Alerts in ThinkorSwim [Beginner Guide] The US Debt Collapse Just Started – Gold Is Sounding The Alarm How to Code your Own Trading Strategies in ThinkorSwim This 30-minute crash course walks you through the entire process of taking a custom trading strategy, and turning it into an automated trading system in Thin In this ThinkorSwim tutorial, Scott Bauer shows how you can use the analyze tab to look at any potential trade setup or current position you have. thinkBack The thinkBack tool is a thinkorswim feature designed for option back-testing. This ensures the strategy in use (which if automating signals most likely has a high frequency of signals) that you're dealing with something vastly in your favor. To analyze a hypothetical past trade: Select the desired underlying in the symbol selector. 60 per contract fee, options traders who frequently execute large trades may benefit from slightly lower costs than Thinkorswim’s $0. frvsoxx yhvik lnic tqgw ovtdfsx ymoiiq rbh xbbhcta igiqok ekelsl ncscr vcoa qwnyiekp bkgr onchyl