Think or Swim tells me that they will be doing database management this weekend (1/22/11-1/23/11). Because of that, it is advisable to back up your thinkscripts locally on your computer. Just highlight them all in the list and click export and save them to some folder on your computer. Everything should be fine, but they recommend this action just to be safe.
Archive for the ‘Thinkscript’ Category
I’ve been buried with end of the year work. If you’ve emailed me lately or if you are waiting on something, I’ll get to it. Just bear with me…
The latest update broke the ability to hide clouds automatically. So I fixed it in the CumTickv2 study. The version on my Google site is the most recent one. Go download again if you want it.
Here is my Volatility-Based Trailing Stop indicator implemented as strategies. These are only exit strategies at the moment, so if you use long and short entry strategies of your choice, these will stop you out if the corresponding trailing stop is breached.
These files are free. Download “VolatilityTS_Strategies.zip” from “Released Thinkscript Strategies” on my Google site.
As promised, here are four strategies showing how to implement fixed stop losses and fixed profit targets for TOS. You need to add these to a chart with some entry strategy. I have included two example entries for you to test out if you want. These are called “Justbuy” and “Justsell”. If there are two green bars in a row, it goes long. If two red bars in a row, it goes short. Otherwise, the targets and stops manage the trade.
You can run a backtest on it to see the results, and play with the stops and targets to see if it improves (or worsens!). To me, this is a good quick way to test if you have any edge in an idea. If there is one, it will show up right away in a simple test. If it takes fancy tools and algorithms to squeeze out a drop of an edge, but you don’t have direct market connections and 8+ figures of capital to employ it, then you are fooling yourself and asking for pain.
These strategies are free. Download “Fixed Stops and Targets.zip” from “Released Thinkscript Strategies” on my Google site. As always, leave a comment if you have any questions or need help setting them up!