I'm sure that some super techno-transmission-wizard guy is going to talk next about "optimum transmission oil temperatures," and the like, but I take a different route.
I buy the biggest, RV style external cooler I can get that will fit in front of the A/C condenser and hide behind my grill. I take the one line off of our factory cooler that goes to the radiator. To make sure you get the proper line, take one out and put a bucket underneath the radiator and the transmission line hookup. Have someone else just bump the starter (NOT START THE ENGINE) and see if oil gets pumped out of the line. If it does, this is the line to use for the external cooler. If trans fluid pumps out of the radiator fitting hole that you took the line out of, then you need the other line. The line putting oil inside the cooler SHOULD BE the top one. If it's not, now is the time to fix it.
I cut that line and splice in the rubber hose that comes with the external cooler. That way, without a techinical degree, I can be assured that I am soaking all external heat away from the transmission oil possible and then allowing it to equalize as best it can with the engine coolant in the radiator mounted trans oil cooler. This is also where I put the remote trans oil filter if I decide to use one. I typically only put those on my trailer towing vehicles...
I figured this out, all by myself, without an engineering degree... (oh, boy..)