Initials Delivery Order Template Made Easy

Digisign delivery order template

hello my name is jose escalati today i'm going to go over the process of utilizing think or swim to uh generate a an order either a buy or a sell order with built-in uh take profit targets as well as uh stop losses before getting uh into that i'd like to just go over the disclosure trading does require that uh you trade with funds that you cannot afford to lose and that you be aware of the risks involved in trading please take the time to review the risk of loss on my website and go over the details of what that entails now we'll go ahead and move forward to think or swim and then we'll go over the process of setting up an order with the building take profits and stop losses in place so once you have a chart open on the right hand side of the screen you will see a tab called active trader when you click on active trader by default you will have the screen open up in this way and pressure selling pressure right now you can see the buttons of buy market or sale market and you have no options of setting up a template for you to be able to see those options you need to come to the right excuse me to the left of the buy button and click on this little arrow and then this drop down occurs okay uh you can then move to the right and click on template and select either an order with one bracket two brackets or three brackets i like to use the one with three brackets which gives me an order entry and then three targets for take profits on three targets four stops so i would select the three targets and then i would start to fill in the information initially by default it will have plus or minus selected in this option so i'm going to click on it once click on it twice and it changes to percentages i want all of these rows to be changed to percentages so i click on it once twice and it goes to percentage the same thing on the next one and the next one and the next one and the next one so now the first order is the limit order for a take profit the second order is the stop loss i want all my stop losses to be in the same location so go for example i'm going to put 0.5 percent negative for the stop on the bottom it would be the same thing negative point five percent and on the third one same thing negative point five percent and click enter and then as far as take profits uh by default is coming up with one percent two percent and three percent so depending on whether you're trading intraday or multi-day or swing trading uh you would adjust this accordingly uh as i report as an example i'm just going to set my first take profit target at let's say point ah let's say point three percent let's take the next one at 0.6 and let's take the next one for example at point at one percent okay so i want to be aggressively taking be taking profits after entering an order now i would change the uh setting back on this last column to go to cancel just in case i end up keeping a trade overnight i want the stops to continue to stay available once i make make those changes i can then click on this little icon or disk and then save this as a three bracket order and i'll put it here with a 0.5 stop and then click on save once i save it when i click on this drop down then i can see the three bracket order with 0.5 stop and as i click on that then it becomes available now in order to utilize a three order or three bracket order i must have at least three contracts one per bracket so if i go and select three contracts it would then break it down one contract one contract one contract if i want to move 20 contracts will be six six and eight by default it will automatically separate the orders uh and fit them in the spots of the the order quantity now if i were to then uh to trade uh to place a trade for example let's say i'm trying to short uh 3264 or 3266 i will go up to that location 3266 and then click on that price point click on it the order comes up it'll be selling three mes at 3266 and then i'll have take profits and stops building into the trade i'm gonna go ahead and click on send and then you'll see we have the orders to sell we have the stops at 0.5 percent away which i can choose to move or leave where they are and then i have to take profits down here assuming the price continues up here and i'm able to sell this location my first take profit target would be right here at 10 ticks the next one is another 20 text and the next one down here at uh 32 uh 36. now uh once the trade it's in and it starts to develop in the respective direction i can then choose to then pick the stops and start reducing my risk by bringing them closer to my entry until eventually i have my stops at breakeven plus if the trade continues to develop as expected then i can continue to bring my stops then into profit and start to protect the profit that's coming in from the trade if for whatever reason i made a mistake on the order and i need to cancel it all i need to do is just click on flatten and that would then cancel all the orders and remove them from the system that's pretty much it pretty much as a matter of repeating the process you change the percentages adjust this take profits and stops set up to go to cancel save it adjust the quantities to whatever you want to order minimum of three and then proceed proceed to select the price point or zone that you want to sell from or buy from that's pretty much it enjoy the journey of trading any questions feel free to visit me uh online at twitter handle black flag future and feel free to follow me and text me direct message me if you have any questions about the process happy to help good night