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How to Create and Backtest Trading Strategies in Thinkorswim

 

 

http://easycators.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 thinkorswim platform by TD Ameritrade provides some great scripting capabilities for indicators, custom quote columns, scans, and even full forex trading strategies. In this video, Josiah creates a simple think or swim strategy that can be applied to forex, futures, or stocks, and shows you step-by-step how to start from scratch and implement your own algorithmic trading strategy in thinkorswim. This thinkorswim tutorial is applicable to forex trading strategies as well as stocks, ETFs, and futures trading systems. In this tutorial video, Josiah starts with a blank slate and adds inputs, variables, explains buy conditions, how to reference studies and indicators, and how to setup and use orders in TOS. To find out more about how to maximize your ThinkOrSwim platform, check out my website at http://easycators.com

 

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Demo Trading with ThinkOrSwim paperMoney®

Sign up for a ThinkOrSwim paperMoney demo trading account here:
http://easycators.com/papermoney

Download the ThinkOrSwim app here:
http://easycators.com/download

Download ThinkOrSwim Paper Money and signup to demo trade with the professional trader tools from TD Ameritrade. Paper trading is available for free for 60 days for those without a funded TOS account, and is included for free with any funded account.

Think Or Swim Paper Money includes all kinds of free indicators already installed and ready to use. You can also download and install premium indicators from SWIMdicators if you need some additional trading tools.

ThinkOrSwim’s paperMoney demo trading platform includes almost all the same features as the main “real money” trading platform. The main difference is that in Paper Money the market data is delayed by about 20 minutes. So the latest bars on your chart will be older bars — they won’t be the real time current market data.

Other than that, though, the platform is great, and it allows you to test almost any product, instrument, strategy, indicator, etc., just like in the real money program.

Once you’ve perfected your strategy over a series of sample trades, now it’s time to logout of think-or-swim, switch over to “live trading,” and make some REAL money!

I think it’s still made of “paper” though. 🙂