8 Trigger Scenarios That We Will Build

Admin

Updated: 12 Aug, 2025 • 0 • min read

Table of Contents

What is the Automated Trading Triggers Window?

To navigate to the automated trading window, you need to first have an order that you’re building inside of ThinkOrSwim.

Once you have an order in the “Trade” tab, you can then click the settings gear icon, to open up the automated trading panel:

Let’s go through some of these options to see what you can control:

Limit Linked To – this lets you control whether you’d like to link the execution price to the bid, ask, mid-price, last, etc. If you were looking to buy on a pullback, you may have your limit linked to the “Bid” or “Mid” to avoid overpaying at the market.
Conditions – you can customize the method to be a study, where we can input custom thinkScript code and reference previously build studies to incorporate our own set of automated trading conditions

Let’s brainstorm some potential ideas, that we would want to auto-trade. Of course, these are just examples to help you get started.

Scenario 1: Buy MSFT if it crosses above $175 in the first 15 minutes
Scenario 2: Sell HD Iron Condor when price is between $195 and $200
Scenario 3: Sell a covered call on pre-existing 100 shares in LVGO when price hits the 2.00 extension to collect “rent” on a profitable position
Scenario 4: Buy a pre-selected put when RSI is showing breakout signals
Scenario 5: Buy stock if we get a pullback to the 34 EMA, with the moving averages all being stacked, triggered with an OCO order
Scenario 6: Close my position when squeeze momentum starts to decline
Scenario 7: Buy pre-selected call if we have a squeeze, with greater than avg. volume, and EMAs agreeing with the direction
Scenario 8: Buy on Implied Volatility pullbacks in a strong uptrend for the stock. Simultaneously, place a GTC exit order whenever moving averages are no longer stacked, on a lower time frame.

📌 Disclaimer: Forex trading carries a high risk of loss. Only invest what you can afford to lose, and ensure you understand the risks before trading.