Yes I use leverage but my rules are around trade size rather than using a certain amount of leverage. For example (not my real numbers), if I want my stop size on TSLA to be 50c and I want to risk $100 on my trade then I want 200 shares, regardless of whether that means I'm using no leverage or all my leverage that's the trade I want to take. Of course with margin you can get yourself in serious issues if you don't trade properly and abide by your stops but that's for each individual to assess their own risk of not doing that (and if you can't then trading is probably not the right career).

Not all cheap stocks and it depends how you play them (are they in play). Just saying it's not as easy as playing any stock in that range the way that you see the mods play TSLA, AMD etc every day even when they're not necessarily in play (they're often moving with the market), stocks in the $20-$50 range you just need them to have a catalyst to generate the liquidity on a lot them, if you're a catalyst find the trend type trader then you can follow those stocks around with catalysts and you'll likely be fine (there's just not as many around as there was in the past few years). Through Covid for example those types of stocks were played a lot because the travel sector was often in play every time there was a drop off or spike in numbers or some new variants was found or some vaccine news or whatever, however at the moment the catalysts tend to be more around economic data so the market as a whole moves and so we're more playing those big market names at the moment because that's where the liquidity is.

Hello, I fell into a rabbit hole and figured out how to do the hotkey. Not sure if you still need this but I'll probably use it myself I just modified a copy of my own hotkeys so the script you see here might look pretty different from yours, but I only changed 2 key things from your script. The initial Share=x, mine says DefShare=x, I changed this to DefShare=BP*0.925 to allow my full buying power to be used. Because the share size of the trade is dependent on the stop level you choose and not just your buying power in this case, your position size won't be calculated here. The other thing I changed was the stop price to: BP/2000/Price; so the /Price was added and I just chose to divide the buying power, but multiplying the way you did should do the same thing. In my case the 2000 you can think of as the denominator of your buying power that will be risked. So if you keep it at 2000, then 1R will equal 1/2000th of your buying power, or 1/500th of your account balance. And of course, the R value will automatically grow or shrink with your account. I hope this helps, pretty cool idea you have I thought of something similar before and now I'm gonna keep this script for myself to use one day. Disclaimer 1: I am really not an expert on hotkeys I just have some programming experience so please you or anyone reading, test this out extensively in simulator before actually using it. Also, be sure to add CXL ALLSYMB; and ACCOUNT=x if you want those in the hotkey. Disclaimer 2: A lot of this scaling is done automatically so I see a risk of dangerous mathematical errors if not used carefully. Setting the stop too close to the entry price can calculate a huge position that you might not want. Also, be careful experimenting with appropriate R values. It's less clear what the numbers mean because now R is pretty complicated: it's now expressed as a denominator to your buying power, which is a factor of your account size - pretty complex compared to just typing in a dollar number. The hotkey to long: StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=BP/2000/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=MARKET;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; The hotkey to short: StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=BP/2000/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=MARKET;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

Hello Owltrader, I don't know if by Demo you mean like a trial version of DAS or if you just mean the paper money account. I have the regular plan (non-trial) plan and the following script works on my paper (sim) account. However, it doesn't set the target limit for your 2:1 ratio, but it does the entry and sets the physical Stop Loss for you. Since what you're trying to do is slightly different than me, I suspect the 'stop order' montage style might not work on the type of range order that you are trying to set, perhaps it would work on the 'OCO' or some other style on the montage. Hope this helps. This is the exact script I'm using and it works for me if I'm on the 'Stop Order' Style on the montage: StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=100/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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

Anthony, this is a stop for 0.10 below average cost: Share=Pos;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.10;TIF=DAY+;SELL=SEND This is a limit for 0.10 above average cost: ROUTE=LIMIT;Price=AvgCost+0.10;Share=Pos;TIF=DAY+;SELL=Send; Please test them out in simulator to ensure they are working correctly. Andrew also made this post on how to send an automatic stop loss with your initial order.