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Showing content with the highest reputation since 05/29/2022 in all areas

  1. 1 point
    Hello to everyone. My name is Nathaniel Fischer and I am new to BBT. I bought Andrew's book about 7 or 8 months ago as I have been interested in day trading as a new career/business path. I knee that day trading wasn't a joke or an easy set of skills to master. I have been studying the free online content but I haven't taken the plunge to become very serious about it until the last few days. Having spoken with my wife who has been very supportive but also pushing me to get over my fear of the current economic market. So here I am and ready to give everything I have. Any advice and introductions would be much appreciated. Sincerely Nathaniel Fischer
  2. 1 point
  3. 1 point
    LG will announce a new monitor at CES in January 2022 which is basically two monitors vertically stack into one which night be great for trading. Looking forward to it. If i was building a new trading machine i would wait for this for sure.
  4. 1 point
    Hello BBT Team! My name is Fred. I am a military veteran working as an analyst in Arizona. I have a bachelor's in biochemistry but switched careers and am working on a master's in global supply chain. I was introduced to trading by some friends who dabbled in Robinhood and Webull. After seeing their eagerness to get rich and failing, I realized that there was more to this business than they made it seem. I come from a family of hard working immigrants who had to hustle their way to America and live the American Dream. Now that I have a family, I want to make sure their financial future is stable. That being said, as discussed in Andrew's book, I am approaching this membership and training opportunities with the same rigor as organic chemistry. This community is unlike many others I scouted. I am eager to learn with everyone, grow with fellow new traders, and wear down the doorsteps of the wise traders to pick their brains and, hopefully, get interactive constructive criticism and advice. Why did I decide to start trading? The more I contributed to my retirement, the more I realized that, one, I was not the one deciding what stocks to invest in (even though I get to choose what retirement plan), and two, I would not get to realize any profits until retirement age. My goals are simple, though the list is long (there is a logical progression to these goals). Start off small, perhaps with CMEG. Develop sufficient fundamental trading skills to the point of them being second nature. Practice frequently with the simulators/paper trading while doing my best to simulate real-world training environment. Prioritize risk management and trade psychology. Finally, become a professional in the field while making considerable profit. I have a list of books I am currently reading that fall into one of three categories: 1. Technical Skills of Trading, 2. Trade Psychology, and 3. General market knowledge and investing. 3 is important because this is a completely new field for me. As an analyst, I don't just push buttons, spit out numbers, and generate reports. As the title implies, I must have a keen sense of analysis and spot trends/patterns to make important decisions. I am approaching trading with the same mentality. Book list: 1. How to Trade for a Living - A. Aziz 2. Technical Analysis of the Financial Markets - J. Murphy 3. The Nature of Risk - J. Mamis 4. Trading for a Living - A. Elder 5. Winning on Wall Street - M. Zweig 6. Trading in Zone - M. Douglas 7. Stock Market Wizards - J. Schwager 8. One Up on Wall Street - P. Lynch 9. The Intelligent Investor - B. Graham Glad to be here, Fred
  5. 1 point
    Hey everyone, I am in Athens travelling. I am from Toronto, Canada and will be Athens until June 25. Let me know if anyone wants to grab a drink /dinner on June 19 or 20. I am reachable whatsapp call only please +1 647-890-1783
  6. 1 point
    I have been working today on 2 hotkeys for myself. The script(s) uses the defined R/R script from previous Kyles hotkeys. It performs the following: Cancels any previous orders for the symbol Enters the trade, ensuring total shares bought is equally divisible by 4 (rounded down); this prevents having extra shares hanging around after the range trades complete or stop out. Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 2R Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 3R Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 4R Creates a single order at your stop for the remaining 1/4 shares; This allows you to ride the last 1/4 to whatever level you want before exiting As with Kyles hot key scripts, you double click your chart at the level you want to place your stop then press your button or hot key The Script for the long entry CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.5;Share=DefShare*0.333*Price*0.01;Price=Ask-Price+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; and the Short CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*0.5;Share=DefShare*0.333*Price*0.01;Price=Price-Bid+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Long $50 Risk CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.5;Price=Ask-Price+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Short $50 Risk CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*0.5;Price=Price-Bid+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Everything prior to defshare=1000 in each script is completely from the original Risk/Reward Hotkeys except the bit of code that ensures the number of shares is equally divisible by 4. Feel free to give them a try and let me know if there are any issues.
  7. 1 point
    this seems to work for long position CXL ALLSYMB;Route=STOP;StopPrice=Bid*0.99;Price=ASk*1.01;Price=Round2;StopPrice=Round2;StopType=RangeMKT;LowPrice=StopPrice;HighPrice=Price;Sell=Send for short position CXL ALLSYMB;Route=STOP;StopPrice=Bid*0.99;Price=ASk*1.01;Price=Round2;StopPrice=Round2;StopType=RangeMKT;LowPrice=StopPrice;HighPrice=Price;Buy=Send it will set the stop orders 1% above ask and 1% below bid then you can drag them where you need it
  8. 1 point
    first of all i am not the BBT PeterD the moderator the problem of the range order after partial lies in the counting we can click to the chart to set one side of the range but the other side of the range can be calculated only from the clicked price or average cost so no exact risk to reward counting is possible as the original stop is unknown and we cannot get values from other existing orders i will give it a try today with the percentages and keep you posted i personally do the range orders on the montage directly as there is plenty of time for that after i partialled
  9. 1 point
    Glad some people are finding this helpful. The move to breakeven is not really doable (although often asked about) - You could alter the code to set stop to purchase price at the time you create the orders, but then it would likely get triggered as a stop almost immediately. - The ability to alter existing orders from the first triggered order really isn't there as far as I can tell. - The best alternative I could think of but am not inclined to pursue at this time would be for the script included in the first range order that would contain a trigger order that cancels all other orders for that symbol and recreates them with the new stop at B/E. If you want to figure that one out, have fun. In essence, you would only create 2 orders initially; one for the first range (including stop) for whatever percentage of your position + a stop for the remaining shares and the first order would need a trigger that cancels existing orders and creating new orders/stops with a new stop price of your average cost. It would need to extrapolate your next profit level somehow based on what that trade was at. There just seems to be too many variables to easily do that. If I ever get bored, I might go back to this and see if I can flesh that out, but since I don't really have use for it, don't hold your breath anyhoo... Cheers and happy trading.
  10. 1 point
    you want just the part DefShare=200;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+ you just need to change the price and stopprice so my guess would be DefShare=200;Price=Avgcost*0.99;TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:Avgcost*0.99 HighPrice:Avgcost*1.01 ACT:SELL QTY:POS TIF:DAY+ for 1% stop and 1% profit target. or try to use absolute number in cents with + instead of *
  11. 1 point
    here is the review
  12. 1 point
    Just curious, how did this work out? I'm using python for analyzing now but interested in trading or back testing with it.
  13. 1 point
    you understand it correctly dynamically calculated shares hotkey does not set the stop (its for mental stops) while equalized risk per trade does (hard stops) then the third one is with attached profit taking script (hard stop with OCO profit/stop loss orders) there is a 4th one which is equalized risk per trade with future entry (that one cannot have the profit taker attached)
  14. 1 point
  15. 1 point
    Ever wanted to swap line styles on the fly and make a rainbow on your chart? You can do that in 5.5.0.0+. The hotkey isn't the easiest to understand, so I very quickly made a web utility for you (link below). How to Use: Go to URL: http://kaelmedia.com/projects/das-line-config/ Select a Line Type, default is HorzLine Select a Line Style, default is SolidLine Select a Color, default is Barney Select a Width, default is 1 Hit "Generate" Glance at the preview window and see if it is what you wanted. If it is, hit the "Copy" button and it'll be placed in your computers Clipboard. If you wish to share you creation, press the "Share" button and a special link will be placed on your clipboard to post in the forums. Example: http://kaelmedia.com/projects/das-line-config/?hotkey=ConfigTrendLine horzline dotline:035aab:1; Paste the copied hotkey (looks like: ConfigTrendLine horzline dotline:035aab:1; ) into your DAS Hotkey Configuration. Optionally, bookmark or save the line so you can edit it in the future (it adds the settings to the browsers URI/URL). How the Hotkey Works: The hotkey as designed will swap the DEFAULT config for the Line Type chosen, each type has one default stored for the user. So if trigger a hotkey with a horizontal line with a blue color, your very next (and all following lines) horizontal line you trigger on the chart will be that configuration (blue). Because of this, I have a "default line" hotkey and a series of colored hotkeys, this allows me to toggle back and fourth. Advanced Uses: Go HERE.
  16. 1 point
    In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.
  17. 1 point
    CXL ALLSYMB;StopPrice=Price-0;DefShare=BP0.99;Price=Ask-Price+0.00;SShare=3/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Ask+0.1;TIF=DAY+;BUY=Send;DefShare=200;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+ this will open a 3 dollar risk LONG position with stop loss and 3R target OCO range order it will work only if you have enabled click to trade and montage style STOP you doubleclick on the chart where you want the stop to be and hit the hotkey/hotbutton once you want to enter works for Interactive Brokers only same for SHORT with 3R target CXL ALLSYMB;StopPrice=Price+0;DefShare=BP0.99;Price=Price-Bid+0.00;SShare=3/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.1;TIF=DAY+;SELL=Send;DefShare=200;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:DAY+
  18. 1 point
    it is not a broker issue. it is the fact that your broker has less stocks shortable therefore you cannot put an order to sell for positions you have a stop loss order present as it would mean you submit a new order. the solution is to cancel previous order in the partialing hotkey - add CXL ALLSYMB; at the start of all your partial/exit scripts some broker require specific contract to be signed for low float penny stocks. also IB has it. you need to have some net worth too for those.
  19. 1 point
    You need to zoom out to see more. Down arrow or minus sign. Or you can change the hotkey command for F1/F2 to default to a certain number of bars. Like this: F1: MinuteChart 1 1d; NumBar 30; F2: MinuteChart 5 1d; NumBar 24
  20. 0 points
    that would not work as the stop order will be attached only after the position is opened so you cannot do it with just loading the data to montage so you need to do the actual buy/sell first as it is the actual order parameters you are ragging on the chart
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