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  6. Yesterday
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  13. Last week
  14. Ali raza Syed started following Scanner for 9/20 Strategy
  15. Ali raza Syed
    Hi All! I am a complete newbie to day trading and actually, today was my first morning actually sending orders on the simulator, 3/4 of which were successful (beginner's luck kicking in!). I am working on the 9/20 and ABCD strategies and wanted to know what are the best scanners in Trade Ideas that we can use for identifying the stocks for this strategy. Really appreciate your help!
  16. Earlier
  17. Matt started following Marco
  18. WheelsOnTheBus started following Miah
  19. Rob C
    October 2nd Trading Day Though I am green today it wasn't a very good trading day. First error was trading at all today. Though I had the minimum hours of sleep, I woke up exhausted and my Garmin watch such all my vitals look horrible (Poor sleep quality, lowest HRV this year, high resting pulse, etc...) But I traded any way. I was watching TSLA, NVDA and BABA. TSLA was setting up for a really good rising devil and I had my finger on the trigger waiting for the price to reach VWAP. I am not sure where I turned my attention (another stock or the 10sec chart on my NinjaTrader), but by the time I looked back at TSLA the VWAP was reached and price already fell. This is not considered an error. This happens sometimes. To go short now would only give a 1.5 Reward to Risk ratio. But I had FOMO and went short, which was error number 2. At least I went with half the number of normal shares since there was a long way to my stop now. The price dropped and reached my target. If I entered where I was suppose to this would have been a 2R profit and I would have gotten all out. Since I was only at 1.4R I only partialed and hoped for more of a drop even though there was no reason to hope for that. That was mistake number 3. The price started to rise and my 10sec chart looked like it was going to keep rising so I covered. At least, at that point, I was smart enough to shutdown my platform and call it a day. Yes, it was a positive 1R day. But not proud of myself today. 10 second candle chart: I hope everyone had a good trading day. Have a good night. Rob C
  20. Rob C
    The 10sec candle chart was useful today. Though I am quite used to reading the tick chart, I was having issues utilizing it at the open. Too much quick thinking. My DAS charts are candles and when I glance at my tick charts on NinjaTrader my mind doesn't switch instantly. So, I have been trying different candle charts. Today the 10 second candle chart was helpful on NVDA. This was the trade on the 1min DAS chart: This looks like a 1min ORB that I took a little early and got out early. Now see the 10 second candle chart. So within the 1min candle you see an ABC configuration forming. Thus, I went long before the 1min candle was completed. But you may ask what advantage did I have if any? If you took a normal ORB you still would have had a 2R trade by 8 minutes after open of the market. The advantage to me is an issue I am having with reward to risk. I usually trade by algo and my reward to risk is programmed in. But now taking live trades I am having an issue with this and most of my winning trades are an 1R win. So far I have been doing surprisingly well with 13 green days and one red. But 1R trades will catch up with me. So, by using the 10 sec candle chart, I was able to make a tighter stop instead of the $185 stop I would have used from the 1min chart. Thus, creating a 2R profit trade. And again I know with this trade and some patience 2R would have been reached anyway. But that is difficult for me at the moment, so I am quite happy with the trade. I hope everyone traded well today, Rob C
  21. saadcheema started following Utility - Bookmap for Think-or-Swim Config Editor, Updated 6/30/2022, v1.0
  22. saadcheema
    how can we use this utility in TOS Bookmap?
  23. Jeremias Lopez started following Introduce Yourself!
  24. Jeremias Lopez
    Hello Everyone! I'm Jeremias Lopez, and I started my membership a few days ago. I have no experience in trading, but I read Andrew's "How to Day Trade for a Living book" and that got my hooked. I then read a book about Charting analysis by Fred McAllen. I am really eager to learn and practice in the simulator once I feel like I got enough knowledge. I am an IT professional. Been working in IT for the past 20 years and looking forward to slowly switch into a different way to generate income. Thanks, Jeremias
  25. daniel.wang730
    This is fascinating, thanks for sharing. I'll have to check it out myself to see how it works, though I've also begun investigating the Pine Editor on TradingView as it seems to function similarly.
  26. Rob C
    Yes they are very flexible. The parameters are unlimited if you create them. They also have a large quantity of indicators to use. Here is a script I wrote for NVDA opening engulfing Long. Back test says it was very profitable for the last two years but interestingly stopped working in 2024. So, I am not using it. I only have 6 parameters and 2 are where to stop out and take profit. See data created from Ninjatrader:
  27. daniel.wang730
    I see, thanks for letting me know. I'm ok with not having a good way to automatically trade, since the main purpose of this would be to confirm setups. Does Ninjatrader basically just come with the data, and you can write your own scripts on what setups you what to filter for, what parameters you want to set, etc.?
  28. Rob C
    Yes, I have been using Ninjatrader for back testing the last 2 years, but on Futures. Now that I just started back into Equities I will probably start writing the algorithms in about a month. The algos are more for back testing than for taking automated trades (which they can do as well). Also, Ninjatrader had the best charting I have seen. Gotta love the 1sec candle chart...
  29. Rob C
    Is a Tick Chart useful for market opening trades? Hi everyone. I have been a little lacks with my posts as of late, but I only recently got back into equities. I have been trading Futures for the past 2 years. Actually, I never planned to trade Equities live. I got into trading solely to become an algo trader. But soon after starting I realized I should learn live trading first. I think I was a little slow on the learning curve, This was before BBT had all these great resources and trainers. But I did finally get to profitability. But I never liked live trading. So, after being profitable for a time I started writing algos. Quickly I realized algo trading is better with Futures so I became 100% Futures trading. Had fun with it but recently I found a new setup that is really good, but it’s easier to take live. After a couple of months of that I got hooked and was ready to try trading equities live again. So, I got my DAS account back and started watching BBT videos to catch up. Two weeks ago I started trading live. A few days demo to see if the hot keys worked then started live trading at one tenth normal risk. It’s been entertaining. But I have been green or BE for the past 7 trading days, so of course it would be fun. Once I get a few red days under my belt I may think differently. I noticed a few things are different with my trading since last time. Two years ago, my only setup was ORBs. Now I instinctively look for fallen angels or rising devils. Though I have taken a couple of ORBs. I used to wait for at least 90 seconds after the open before taking a trade, Now I have taken several trades before 1 minute. Previously I greatly favored longs. Now I am reasonably not swayed by long/short. Though I may have a day to day preference based on the overnight ES or NQ Futures. Since I am watching them anyway. Two years ago I had a desktop computer with 4 screens and now I have 3 laptops though one is attached to a screen. I use to look at least 6 if not more stocks at once at the open. Now I limit to 3. I use to turn off the BBT Chat right before the open. Now I leave it on. And lastly, probably the biggest difference is I have the stocks tick chart on a screen if I am interested in trading it that morning. Since it’s common to use tick charts for Futures, I got use to reading them. I haven’t seen the tick charts make a big difference. But they have been helpful. They are good at showing extrema that you are unable to see since it occurs inside the 1min candle. For example let me show you PDD trade I took Friday. It was essentially a break even trade. But would have been a full stop without the tick chart. So I tried a rising devil. I waited for the price to bounce back to the VWAP and the price stalled on the tick chart, so I went short. I had a small stop so the $91.20 goal was almost a 2R trade. So here is the play by play on the tick chart. If you were wondering if the chart has to be a tick chart or just one with very small intervals? Below is a 1sec candle chart of the same time frame. For the most part you can get the same price action information on the 1sec candle chart. What I like about the tick chart especially at the open where you have very little time to think, is the tick chart gives price and volume on the same chart. While the chart above is actually two charts, the price above and the volume below. Which takes me longer to process. Anyway, it’s just a preference. This tick chart and 1sec chart was from Ninjatrader. I can make stock trades from Ninjatrader but it is too slow for the open. So I use it for charting only at the open. So, it’s nice to be back. I hope everyone is doing well. Rob C
  30. daniel.wang730 started following Mass Backtesting Strategy Software
  31. daniel.wang730
    Hi everyone, I was wondering if anyone has either come across software or created their own program to mass backtest day trading strategies. Specifically, I'm imagining a program that has multiple years of stock data loaded in, and then by 1) setting filters to find the Stocks in Play with the right conditions and 2) setting parameters for potential entries, you can get every instance of a particular trade setup. With that information, you can first see some chart excerpts to confirm your parameters are correct, and after adjusting, you can then run mass simulations to see what would happen if you used a particular strategy. Some good strategies to test first might be ORBs or ABCD patterns, but overall, I wanted to see if there were a more systematic or data-driven approach to trading. Apologies if this doesn't make much sense; I haven't thought about every aspect of this fully, but I think a tool like this would be extremely helpful for both trading and learning. I've started developing some code of my own towards this goal, but if there's already an established software or if there's someone who knows about doing something similar, please let me know, I'd love to connect. Thanks, Daniel
  32. peterB
    so obsolete...
  33. onlyjava
    https://dastrader.com/docs/how-do-i-use-hotkeys/ ------------------------------------------ BUY $25000 CXL ALLSYMB; ROUTE=LIMIT;TIF=DAY+;Price=ASK+0.10; Share=25000/Price;BUY=Send SHORT $25000 CXL ALLSYMB; ROUTE=LIMIT;TIF=DAY+;Price=Bid-0.10; Share=25000/Price;SELL=Send Above scripts contain the rule to limit the price to no more than 10 cents above the ASK. (Ask+0.10) or 10 cents below the BID (Bid-0.10). Adjust this as necessary. ----------------------------------------------- SELL 100% CXL ALLSYMB; ROUTE=LIMIT;Price=Bid-0.10; Share=Pos;TIF=DAY+;SELL=Send; COVER 100% CXL ALLSYMB;ROUTE=LIMIT;Price=Ask+0.10; Share=Pos;TIF=DAY+;BUY=Send; SELL 50% CXL ALLSYMB; ROUTE=LIMIT; Price=Bid-0.10; Share=Pos*.5;TIF=DAY+;SELL=Send; COVER 50% CXL ALLSYMB;ROUTE=LIMIT;Price=Ask+0.10; Share=Pos*.5;TIF=DAY+;BUY=Send; Above scripts contain the rule to limit the price to no more than 10 cents above the ASK. (Ask+0.10) or 10 cents below the BID (Bid-0.10). Adjust this as necessary. ----------------------------------------- BUY a position based on 30% of your available BUYING POWER. So if your current available BP is $100,000, 30% is $30,000. ROUTE=SMRTL;Price=Ask+0.05;Price=Round2;Share=BP*0.3;TIF=DAY+;BUY=Send BUY a position based on 10% of your BUYING POWER: ROUTE=SMRTL;Price=Ask+0.05;Price=Round2;Share=BP*0.1;TIF=DAY+;BUY=Send Above scripts contain the rule to limit the price to no more than 5 cents above the ASK. (Ask+0.05). Adjust this as necessary. https://dastrader.com/docs/how-do-i-check-the-required-bp-buying-power-for-an-order/ ----------------------------- EQUALIZED RISK HOTKEYS For Long Entries and a $10 risk, stop order attached, and Target order of 1:1 CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;Price=Ask-StopPrice*1+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+ For Short Entries and a $10 risk, stop order attached, and Target order of 1:1 CXL ALLSYMB;StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;Price=StopPrice-Bid*1;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:DAY+
  34. onlyjava
    see screenshot: for the that DAS package, you get INET (level 2 data) and you can contact DAS support to swap OPRA with ARCA for free (for IEX you have to pay extra fee) https://dastrader.com/docs/can-i-swap-the-options-feed-or-otc-feed-for-arca-book/ https://dastrader.com/how-market-depth-such-as-real-time-level-2-market-data-can-help-an-investor-make-better-trading-decisions-in-the-us-stock-markets/
  35. jimbrown
    If somebody is pressuring DAS to add ATR to Market View, then talk them into adding APTR also (percentage). Thanks.
  36. peterB
    thanks @Matt @Kevin D it is in the part 2 https://traderpeter.substack.com/p/das-trader-advanced-hotkeys-part just change the $target according your needs
  37. lucian_dinu
    I have the same issue now, I cannot see Peter's replies, sorry for very late reply but I havent got any notification about someone posting on the topic. I think if you follow Peter's link, / page you will find most of your answers. Cheers!
  38. Matt
    Hi @Kevin D, I highly recommend checking out @peterB blog. You'll find plenty of useful information about hotkeys in DAS. DASTrader Hotkeys | Peter’s Substack | Peter Benci | Substack best!
  39. Kevin D
    I'm looking for a 4:1 hotkey. Ok let me ask in dummy terms because clearly I'm not smart enough to understand some of what ive been reading lol. I want to risk a dollar amount. for this example lets say its $100 risk long. i want to click on the chart where i want to exit and hit a hotkey / script. if the price goes down to what i defined das will exit the trade automatically and i lose $100. if the price goes up das will sell when i reach a $400 profit automatically. Of course if either action is triggered it cancels the other order. I could use a script for long and short. Hoping someone can help me with this. Thanks
  40. Matt
    Please provide a screenshot with your post so we can help you. Personally, I use it as a strategy to take position as one element among many others because, by using only the 5-minute ORB, I find that it lacks the big picture. Often, I prefer to do a premarket range breakout using a daily bias derived from an analysis of the higher time frames.
  41. Matt
    Hello, I would like to get your opinion on this quote from Thor: "Is there volume, price will move to size. If there is no volume, price will move to least resistance." It comes from this webinar https://bearbulltraders.com/course/webinars-mentorship/lesson/strategy-2/topic/the-art-of-taking-trades-strategies-for-effective-trade-implementation-thor/ on the Bear Bull Traders website. Based on RVOL as a measure of volume, where would you draw the line between "volume" and "no volume"? I find this topic very important, and I would appreciate your opinion. It would really help me. If you have any personal observations, I'd love to hear them! Thank you!
  42. Alihasan Jeraj
    Was Tesla a good example today where the 5 minute breakout strategy could be applied? How reliant are most traders to this strategy?
  43. Willy
    August 26. 2024 I pretend to show you what I consider the best way to trade if you have a small account. I will be using most of the time simple strategies like 1 and 2 min opening range breakouts and camarilla pivot points. First I traded 1 min ORB the I waited for the break of R3 and traded short. I traded 8 contracts on each direction.
  44. Matt
    Cette offre tiens toujours. Nous sommes maintenant sur Discord depuis quelques mois.
  45. Harry
    Hi BBT Family, I'm Harry. I became a proud BBT member on May 30, 2024. I learned of Andrew in his first book, How to Day Trade for a Living. Soon after, I bought and read, Day Trading for a Living. Recently, I bought and read the Introduction to Trading Psychology. In becoming a proud BBT member, I've received the Advance Techniques in Day Trading, which I'm planning on reading soon. I've been an option to swing trader or investor for nearly 20 years. After reading Andrew's books, I'm interested in becoming a Part-Time Day Trader. Looking forward to becoming a valuable member of BBT family. Thanks, Harry
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