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Hello everyone, What plan do I need for the Trade Ideas: Premium or Standard? Do I need it when I am going to start just trade on simulator? Thanks in advance, Lana.

DAS TRADER PRO ADVANCED HOTKEYS – A PRIMER [2024-04-15: Production v.5.7.9.3] − Speed and efficiency are paramount in the fast-paced world of stock trading, particularly day trading. As traders, we are constantly seeking tools to gain an edge in the market. One such tool that has gained popularity among day traders is DAS Trader Pro, renowned for its robust platform and advanced hotkey scripting capabilities. − As I share insights about DAS’s Advanced Hotkeys, I want to underscore that most of the knowledge I’ve acquired about this craft—like many others in the trading community—was generously shared. I must acknowledge that I have no official affiliation with DAS Trader Pro software and that my present information is based solely on personal experience. − This presentation serves as my way of giving back—a small contribution to the community that has provided me with so much. Everything discussed here is intended for educational purposes only. It's crucial always to conduct your due diligence and independently verify any details, as this responsibility ultimately lies with you. The concept − The purpose of this exercise was to create a set of hotkeys for my trading. My hotkeys came from various good Samaritans willing to share; not all are equally effective. Understanding the complexity of the script itself was challenging at first. It's essential to test your hotkeys before trading, as you may realize they are not working as intended or don't meet your specific needs. − I set out to create a single hotkey script to fulfill most of my trading requirements, from buying options calls and puts to trading shares of stocks, long or short, while managing risk. The accompanying Excel spreadsheet allows you to input your specific settings. Want to trade stocks, long or short? Options, buying Calls, or Puts? Adjust risk levels? It’s all there. You create a script that aligns precisely with your trading style by customizing these parameters. Script Flow In this section, I will summarize the key steps in the script, from initializing variables to setting up the trigger order based on the defined trading strategy. 1. Initialize trading variables using the accompanying Excel spreadsheet (risk per trade, position size, price offsets, etc.). 2. Check trade bias: a. If LONG: Calculate the buy price and set up a SELL stop-loss order. b. If SHORT: Calculate the selling price and set up a BUY stop-loss order. 3. Compute position sizing: a. Account-based sizing uses percent position size, buying power, and risk percentage. b. Risk-based sizing using fixed dollar risk or percentage risk. 1. Dollar Risk : 2. Percent Risk 4. Adjust position sizing for options/stocks trading and ensure sufficient funds. 5. Determine minimum position size based on the lesser of account-based or risk-based sizing. 6. Prepare order details (price, route, time in force). 7. Execute or load the appropriate BUY or SELL order based on trade bias and order status. 8. Set up trigger order with stop type, price, action, and quantity. How to use the Script (please see prerequisite section) Using the script is straightforward if the script is linked to a hotkey: Double-click on your chart at your desired stop-loss price. Fire the hotkey linked to the script Conclusion In the exhilarating world of stock trading, where split-second decisions can either make or break fortunes, speed and efficiency serve as our trusted allies. Time saved is not merely a commodity but the defining factor between seizing an opportunity and watching it disappear. Cross-verifying information remains wise, just as one inspects a parachute before taking the plunge. This presentation humbly supports the trading community by fostering growth through education. Connect with me on X (@ItoThetrader), where I will do my best to address some of your questions/bugs and suggestions and try to improve. Happy trading! Despite my best efforts, there may be some errors in this document. I apologize if you come across any. After all, making mistakes is human, and I am only a mortal armed with a keyboard and a spellchecker. Download the accompanying Excel file Ito DAS Advanced HotKeys Primer v0.16.6.pdf

@members due to very profund changes in the chatroom and my lack of time in the past months the theme shared in the first post of this topic no longer work. I took some time to update the icons for the 6 tabs and few things more. Here is the result. Please refer to the first post of this thread to check how to setup it up ! protradingroom_v3.txt

Hello, I am Rong from Seattle, Washington, USA. I am a software engineer. I just finished my bootcamp training and started using BBT. I trade opening momentum breakouts/breakdowns. I developed trading bots to execute orders for me to achieve fast order submission and following my rules. You can read about my trading bot here https://docs.google.com/document/d/1WN9hR-SVI6q3vMwEA69xNbXWvPmpl2Zt14jnxqHydPQ/edit#heading=h.ajxsjfzc2f52

We can now process orders anytime, just like if we did it manually. All the details here.

Hey everyone! Excited to have found the BBT community. I'm 44 and recently moved to the Cincinnati area. I have driven past a billboard about learning day trading for over a year now, and for some reason it resonated with me this week. Mainly I think what prompted this was listing to Tom Bilyeu taking about breaking the time for money equation. I've had in interest in stocks and stock investing for a long time now, but I've always hesitated about day trading for all of the negative stigma around it. But as I started to look into this one company's training program, I started looking around the marketplace and Reddit and have come to believe the overwhelming feedback out there that you don't necessarily need to pay for expensive trainings and individualized coaching, but you DO need an appetite and willingness to learn and the support of a strong community. Enter BBT. I found Andrew's book and the BBT podcast and am grateful for both! I'm not all the way through the book yet, but I'm excited to crush it pretty quickly, join the next onboarding training, then getting after it! I'm really looking forward to getting to meet everyone, learning the trade smartly, then graduating to real investments in the near future. Cheers! 😃

Certainly, let's explain the terms with a little help from Google and ChatGPT! 1. **IDAS** IDAS is the DAS Trader Pro platform designed for mobile devices. 2. **TotalView** TotalView is Nasdaq's premier data feed, which displays every single quote and order at every price level for Nasdaq-, NYSE-, MKT-, and regional-listed securities on Nasdaq. It provides visibility into all displayed quotes and orders attributed to specific market participants, including access to total displayed anonymous interest. 3. **IEX Deep** DEEP is used to receive real-time depth of book quotations directly from the IEX Exchange. The depth of book quotations received via DEEP provides an aggregated size of resting displayed orders at a specific price and side, without indicating the size or number of individual orders at any price level. 4. **Forex (Foreign Exchange)** Day traders in the foreign exchange (Forex) market engage in buying and selling currency pairs within the same trading day, with the aim of profiting from short-term price movements. Forex is highly liquid, and day traders use leverage to magnify potential gains or losses. 5. **FLOAT Data** In the context of day trading, "FLOAT" typically refers to the public float of a stock. The public float represents the number of shares available for trading by the general public, excluding closely-held shares. Day traders often consider the float when assessing the liquidity and potential price movements of a stock. 6. **Replay Level 1** Traders can use the ability to replay Level 1 market data to analyze their past trades or to practice and refine their strategies. It allows traders to review the last traded price, bid and ask prices available during historical trading sessions. 7. **ARCA OPRA** For day traders, "ARCA OPRA" might refer to options trading data on the NYSE Arca exchange that is reported to the Options Price Reporting Authority (OPRA). This data is crucial for options traders to make informed decisions regarding options contracts listed on the NYSE Arca. 8. **Level 1** Level 1 data, in day trading, provides essential real-time information, including the last trade price, bid price, and ask price. Day traders often use this information to monitor current market conditions and make quick trading decisions. 9.** Level 2** Day traders rely on Level 2 data to gain a deeper understanding of market depth. It includes a list of current buy and sell orders, the number of shares or contracts available at each price level, and quotes from market makers and ECNs. This detailed information helps day traders assess market liquidity and identify potential entry and exit points for their trades. voilà! AND the realtime data feed is included in those DAS subscribtion!

Just to confirm, the proper order is: 1. double click the StopLoss price 2. hit the entry button (order fills) 3. hit the exit button (without clicking on anything) 4. go for a swim in the pool 5. come back later and count your money I'm glad to give back to the community. (and programming hotkeys is fun!) Good luck! Russell

Okay, I've got some HotKey Scripts for you to TRY OUT IN SIM. (never test things live) Each trade has two HotKeys. The first one is the entry order where you double-click your Stop-Loss point. (I basically just removed the TriggerOrder from your HotKey Script and moved it to my Exit Script) The second one is the exit order which you would place immediately after your entry order is completely filled. Don't double-click anything between the "fill" and when you activate the Exit HotKey because it gets it's calculations from your Entry HotKey. Here is what the Exit HotKey does: 1. places a one-share RangeMarket order with a 1R/1R range. 2. Triggers a remaining-shares RangeMarket order with a 3R/BE range. There is no other way to do what you want (as far as I know) without the tiny one-share order to trigger the Stop-Loss move to B/E. With these HotKeys, this is what "should" happen (and it worked for me in SIM today). If your 1R Stop-Loss is hit, the Trigger order exits your WHOLE position "near" your target Stop-Loss. If the 1R profit point is reached, you will exit one share, then the Trigger order will be sent so that you will either profit 3R or B/E on the remaining position. (You could change the exit orders to exit more of your position at 1R if you want to use these HotKeys to "partial" at 1R... something like Share=POS*.5 or Share=POS*.33 with your Trigger order remaining Share=POS) Be aware, the first exit order of one share will cost you about $1 in fees more per trade if you are with IB. (I mistakenly said $2 earlier) (Fees are no longer a danger when your orders are more than 200 shares) Here are the Scripts, you should be able to copy-paste them directly into your HotKeys. LONG ENTRY CXL ALLSYMB; StopPrice=Price; DefShare=BP*0.975; Price=Ask-Price+0.00; SShare=25/Price; Share=DefShare-SShare; DefShare=DefShare+SShare; SShare=Share; Sshare=DefShare-SShare; Share=0.5*SShare; TogSShare; ROUTE=LIMIT; Price=Ask+0.1; TIF=DAY+; BUY=Send; DefShare=200; Price=Ask-StopPrice*3+Ask; LONG EXIT CXL ALLSYMB; Route=STOP; StopType=RangeMKT; LowPrice=StopPrice; HighPrice=AvgCost-StopPrice+AvgCost; Share=1; TIF=DAY+; Sell=Send; TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:AvgCost HighPrice:Price ACT:SELL QTY:POS TIF:DAY+; SHORT ENTRY CXL ALLSYMB; StopPrice=Price; DefShare=BP*0.975; Price=Price-Bid+0.00; SShare=25/Price; Share=DefShare-SShare; DefShare=DefShare+SShare; SShare=Share; Sshare=DefShare-SShare; Share=0.5*SShare; TogSShare; ROUTE=LIMIT; Price=Bid-0.1; TIF=DAY+; SELL=Send; DefShare=200; Price=StopPrice-Bid*3; Price=Bid-Price; SHORT EXIT CXL ALLSYMB; Route=STOP; StopType=RangeMKT; HighPrice=StopPrice; LowPrice=AvgCost+AvgCost-StopPrice; Share=1; TIF=DAY+; Buy=Send; TriggerOrder=RT:STOP StopType:RangeMKT LowPrice:Price HighPrice:AvgCost ACT:BUY QTY:POS TIF:DAY+; Hope this helps, Best, Russell Landwehr

Hi, most people here use DAS, including Carlos (I used to but don't anymore). If I was choosing one or the other then I'd choose DAS but Bookmap complicated matters for me. It depends what kind of trading you're doing, if you're a scalper like Andrew then DAS is better. The executions are better so those split seconds count as you're entering at the point of the market where you often expect it to go immediately. This is what DAS is going for, quick executions. IMO the executions in TWS are fine if you're looking for more point to point moves but aren't as quick as DAS. In terms of charting TWS is missing some features that DAS has that people here use such as highlighting bigger orders on Level 2. However, this isn't a strength of DAS either vs other providers (as I mentioned their focus is execution speed) for example things like volume profile is incorrect in DAS because they use a less data intensive method for the benefit of speed rather than do it accurately (I asked them to do it properly but they refused and said they don't intend to fix it). Therefore depending on what you're using you may be fine or you may have issues with charting (with both) which is obviously a difficult question to answer for a newer trader. DAS has replay which is also helpful for a new trader but BBT now has a free replay on trading terminal so it's not as big an issue now vs when I started. DAS hotkeys are more customizable, things like fixed risk hotkeys are missing in TWS. So DAS has the edge throughout but the reason I went to TWS from DAS is Bookmap, imo it helps tremendously read Time & Sales and Level 2 and my decisions as a result are much quicker (far outweighing the benefit of DAS execution speed for me, also should point out DAS was around 200-250ms delay for me vs I think 50-100ms for some NA traders because I'm based in Australia), many members here use bookmap. It's lacking education content in BBT at the moment (but I believe is coming) because Thor is the only mod who uses it and has just started. I'm using bookmap to chart in the shorter timeframe and make decisions. DAS therefore became a $200 a month (stocks and futures) platform just for execution and I don't see the value for the type of trading I do (not scalping). I only use TWS for a little bit of charting and execution really, I won't necessarily continue executing in TWS as it doesn't give me everything I want but doubt it would be DAS either. As I said most people here use DAS so I will say my opinion isn't the consensus opinion.

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.

To complete the rider agreement DAS Trader - Interactive Brokers IBKR: the first two slots is today's date the third slot is DASTRADER and the forth slot is you U account numbers you will only sign the customer side and upload, don't worry about IB side signature, it will be sent after upload to IB to fully connect the account

Hi Guys, I wanted to share a hotkey command / script I got from @Robert H that I find very useful. Let me tell you a short story about my frustrations in covering a position. There were times that I'm in a stock just right at the open and it shoots super fast and in favor of my direction. Ofcourse your initial reaction is in shock for few milliseconds. And Instead of covering my LONG/SHORT position, I always end up adding half or full at your target. Imagine how stressful that was! So I've always been curious if there's a magic hotkey to cover either a LONG or SHORT position without worrying which side you are in. And believe or not, @Robert H has the answer! Not sure if some of the guys in our BBT forum has this command already but Let me share it anyways and see if we can tweak it for our favor. ROUTE=SMRTM;Share=Pos*0.5;TIF=DAY+;SEND=REVERSE (for half position Long/Short) ROUTE=SMRTM;Share=Pos;TIF=DAY+;SEND=REVERSE (for full position Long/Short) The only issue I think with this I guess is, it's set as Market order. Meaning, you can get filled at any price (blank cheque) and this is bad if you are trading non liquid stocks or stocks that has huge spreads. This is probably only suitable for smaller trade sizes or with liquid stocks that has tight spreads. If someone has an idea to convert this into a LIMIT order to Hit the Ask when you're LONG and Hit the Bid when you're SHORT that would be great! Hope you find this hotkey useful somehow. Cheers, Ryan (ryan_pdt)

I shared my thoughts on the classic ABCD/Flag strategy. This pattern presents itself in virtually every move, across multiple timeframes. The formation consists of: 1. Run-up/sell-off 2. Profit taking/consolidation 3. Continuation Let me know your thoughts!

just click the Popup button in the Misc section

this is crucial. congrats to this achievement. the rest was just a lesson to be remembered. do not repeat it ever. you can consider the 300k unrealized as a luck and not something you achieved with proper process so it is not earned and to be kept. forgive yourself first. it will pass. you never had the money in your hand. it was just a number on the screen. it did not change your life being there or not being there. you are still ok. you risked it and you lost it. that was the play. swallow. remember it. move on. https://open.substack.com/pub/traderpeter/p/why-are-your-losing-days-bigger-than?r=1wujo4&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

Hi There, I am wondering if there are any Canadians here in the community that do active day and/or swing trading as a business? I am in the same boat, and am looking for recommendations on an accountant who has experience with day trading business taxes. Any pointers would be appreciated. Thanks!

U have opened my eyes to additional AI functionality......really appreciate the info......will contain to observe. maybe when complete we can jump on a zoom (i can host) call and u walk through the process on .........really want to learn more.

i ask "how long?" AI replies: I’m in the final editing and formatting phase now. ⏳ Estimated Time to Delivery: Within the next 24–36 hours (max). Possibly sooner depending on final tweaks and clarity checks — I want this to read like a mentor's field manual, not just a report. Here’s what I’m finalizing: ✅ Organized feedback into sections (Mindset, Execution, Rules, Hougaard alignment, etc.) ✅ Highlighting repeat behaviors and subconscious patterns ✅ Writing your custom growth plan (what to keep, evolve, or cut) ✅ Formatting it cleanly so you can actually use it daily/weekly You’ve waited patiently for something with real depth — and that’s what you’re about to get. I’ll deliver it in full, no later than the window above. Let me know if you'd like it in a downloadable format (PDF or Notion-friendly doc) too. i'll get a progress update in the morning when i wake up.

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!

📉+$354 AMZN Stopped Out False VWAP Breakdown, flipped VWAP Breakout Success!🚀 After an initial strong selloff on AMZN there was a buyback and a falling wedge pattern forming. I thought we would break LOD and test Pre-Market Low. We squeezed to VWAP and I stopped out. We held VWAP and I flipped LONG for HOD Break and added heavily anticipating the break. We tested VWAP again but snapped back up, added more with confidence. Targets were Previous Day Close, Previous Day High, and large ASK at $178. The trade took longer than I would have liked. Paint was drying I that day. Patience Richard Parker! 1 on 1 Mentorship Available for DAS Trader Pro, see link below https://lnkd.in/gGVfdYcB #AMZN #AMAZON #STOPPEDOUT #VWAPBreakdown #HODBreak

just go here and do not forget to read this as well as there are some requirements to be set in the settings too

📉+$489 AMD Failed ORB but Reversal Catch after Chop City! NVDA VWAP Breakout!🚀 Trade Date: 7/10/24 AMD was setting up for an ORB to R5/PM High but we rejected and after a few partials stopped out on slippage. Tried a reversal as we looked to hold YYH but stopped out at R3 multiple times. My concern was AMD's extension on the daily and if we broke LOD, we would tumble hard/fast. Should have waited to see if we would hold R3 before entering. Then at 9:40 the price action slowed and the bids dried up, bottom was in, saw this as the last chance to long for a reversal from R3 and partialed at Yesterday High. NVDA bounced off R1 nicely and held R2, I went for a classic VWAP breakout to R3/Yesterday High/ and high of Pre-market. This was a clean trade I am proud of after getting chopped up in AMD. #AMD #NVDA #NVIDIA #VWAPBreakout #ORBFail #Reversal

@tntp45 Thanks! Usually between $100-$200.

Updated: 8/8/2019 @ 12:44pm (PST) Finally out of the alpha stage and releasing this to the community, I've been using it with success. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly. This is more of a BETA release for this, so if anyone wants to try this out in SIM and let me know if you have any issues with the configuration sheet or the hotkeys themselves. It's based on the work started by @fjmocke here: https://forums.bearbulltraders.com/topic/469-das-calculate-shares-based-on-account-risk/ . What it is: It's a hotkey command script that can be used to dynamically alter the share total based on: Available Buying Power (capital) Stop Location (Risk) % Account Risk OR Fixed Dollar Amount The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors: A - Shares You Can Afford B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares) min{A,B} = 0.5(A + B - | A - B | ) But, why male models? I just told you. /Zoolander reference You'd use this to calculate your share total based on what you're willing to risk. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. 100% is the A-Plus setups I see, those I have HIGH confidence in. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those. Instructions for Configuration: Go to this link: V2.1: DOWNLOAD ^^ Recommend latest DAS version of 5.4.3.0. Requires DAS version 5.2.0.34 or above (current BETA branch as of 11/19/2018) for the physical stop portion to work. If you don't use the physical stop, you don't have to worry about it. NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do. Choose: Download the ZIP file and unzip to where you want. On "Setup & Instructions" configure your settings. Account Leverage (default for DAS is 4), this is the margin your broker gives you. Some off-shores give 6. It needs to match what is configured in DAS for proper calculations. Max Account Risk %. This is the maximum percent of equity you're willing to risk on every trade (default is 1%). You can always risk lower (more on that later). % of Total Buying Power. If you don't want to calculate based on the total buying power of 100%, you can set this to a lower percentage (example: 100,000 buying power with 60% here equals $60,000 maximum position size) Route. LIMIT, MARKET, SMRTL. Default is LIMIT. Order Bid/Ask Offset. This is the offset you use when you send the price for order, e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask) Time in Force. Default: Day+ Default Shares. This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. when you click a Symbol and it loads, this is the share total). You can see why this is here in the technical breakdown section below. Minimum Stop Buffer. This is an offset to the stop distance. If you set this to 0.05, it'll add 5 cents to the stop distance calculation (so if your stop distance is 0.05, it'll be calculated on 0.10). Switch to the "Hotkeys" tab. Choose your preferred style. % Risk of Equity (Dynamic) or Fixed Price (e.g. $150 risk). %Equity Risk: Use the drop down to select what you want the value to be % equity. NOTE: This is a modifier AFTER your account risk maximum %. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 --> 0.5%. $ Fixed: Use the drop down to select what you want the value to be for dollar risk. Select "long" or "short" to flip the script's direction. Click the cell that contains the start of the command (E column) and Ctrl + C (copy). Paste it into DAS. It should look like a sample command below. Instructions for Usage: First, you must have "Double Click to Trade" turned on in Chart, Right-Click --> Configure --> Settings --> Double-click to trade. Double click the chart where you want to set a mental stop (it does not place a stop order, you can always put one in after). Hit your configured hotkey. Sample Scripts: LONG: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Ask - Price + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Ask + 0.05; TIF=DAY+; BUY=Send; DefShare = 500; SHORT: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Price - Bid + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Bid - 0.05; TIF=DAY+; SELL=Send; DefShare = 500; Technical Breakdown: DAS has basic scripting. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication. To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. This command gets around these limitations by using user-writeable areas of memory in the program. Since DAS is written in the C++ language (from what I can tell), it's strict on what can be done in these existing memory locations. The hotkey uses the following items (plus the usual Price -- FLOAT): (Assumptions on Datatypes) DefShare -- INT (Used as a temporary variable for storage) SShare -- Unsigned INT (Behaves like an Unsigned INT in certain situations. Used as a temporary variable for storage) Share -- INT (Used as a temporary variable for storage) With the 3 INT variables, objects are moved around in memory so that we can calculate and compare with our variable limitation (be much easier if we could assign our own). To facilitate the ABS() function, we use a trick --> When a negative value is placed into an Unsigned INT it loses it's sign (thus, it becomes a POSITIVE value in memory). A more detailed technical breakdown (step by step) is located in the Configuration spreadsheet up above. Future Enhancements: If need be, I can make a step-by-step video of this entire process. I have a version that uses an AutoHotKey macro to drop a line at the stop location, I can upload that as well if people want it. ^^ Update, I discontinued this as it was too cumbersome. You had to have two sets of hotkeys for each command. I may someday revisit it if I can build out a configuration tool for it. TLDR: It does the math for you so you can risk a known amount (% or $) based on your per-trade risk position (stop distance). And yes, I'm a bit of a tech nerd. Also, longest post .. ever. Would not read again, 0/5 stars. --- KNOWN ISSUES: %Account Risk gets smaller and smaller when subsequent open positions Reason: No Equity variable, we reverse calculate equity using Buying Power. On subsequent positions, the % (e.g. 1%) calculation will be based on the available buying power and NOT the account equity. Workaround: Precalculate the %risk and use it for the $risk versions. So 1% of $25,000 equity equals $250. SSR rejection on LONG position when scaling out; rejection message (e.g. "Short marketable limit order disable due to SSR!") if using the automatic STOP trigger. Reason: DAS calculates that the position will drop below the open stop order position and reject as this can cause the position to "flip" if it was triggered. Workaround: Have a hotkey to clear the open orders (CXL ALLSYMB), clear it, scale the position (e.g. 25%). Either replace the stop or switch to a mental stop. Alternatively, you can add "CXL ALLSYMB;" to the front of the scale-out hotkeys. You just have to be cognizant to replace the stop order. Equated position size if very small (e.g. 4 or 5 shares when expected is hundreds). Reason: Wrong side was used for the order. E.g. a long hotkey is used when trying to go short. -or- Stop Distance was calculated to be a negative value (clicked too close to current price). Workaround: Be cognizant of the hotkeys used and the stop distance clicked. Clicking too close (a really tight stop) can be very dangerous if you do it inadvertently. TriggerOrder for automatic STOP placement not being sent (no stop order placed). Reason: Montage is not set to a style that doesn't allow TriggerOrder input. Styles not compatible are: Default [DAS's, if you changed it], Basic, OCO, Option, Full Fix: Use a style that is compatible, they are: Stop Order, Detail, Trigger -- I recommended using the "Stop Order" montage style. To change this, right click the montage area around where you'd enter a price and select Style --> Your Choice. --- UPDATES: 10/17/2018 - Added v.1.1 link, you'd need to use the new version to change anything. - General cleanup of the script. Added instructions for the IB issue (discussed in this thread) - NEW FEATURE: Added a new section to the Hotkeys sheet, it will now create a set up for Dynamic Scale-In hotkey commands. You'd use these by setting a scale value (say you want an additional 50% of your current position size). The hotkey will calculate the maximum share you can afford (how much you can afford at the moment) and the scale value, choosing to take the least amount. So if your current position is 1500 shares (@ $50.00) and you want to scale in at 50% your current position, it'd check if you can afford an additional 750 shares, if you can't, it'll buy the maximum you can afford. For this example, you can't afford it (if Buying Power is 100k), so it'd buy roughly $25k worth (500 shares). - CLEANUP: Cleaned up the $Dollar Risk version and removed unnecessary steps. Don't really need to replace yours if they exist, but worth noting. 10/30/2018 - Added @Michael P's suggested fixes for Excel. Configuration tool should now work in both Sheets and Excel. - NOTICE: This was a configuration tool change, no changes were made to the hotkey scripts, so no need to change any existing hotkeys. 11/19/2018 - Shortened some of the commands so we don't hit any hotkey character limit, makes them less readable, but shorter. Couldn't get them low enough to fit the montage buttons though (although removing the portions for the buying power rejection protection would likely do it). - Added a section for SELL/COVER buttons for people who just need to create those. E.g. "Sell 25% position" or "Sell 33% position". - Added @Robert H's stop suggestion. New fields on the setup page for enabling physical stops. If enabled, it'll place a MARKET or LIMIT (settings included) trigger order to go into the market once the initial order is fulfilled, these are placed at the location you double-clicked on the chart. 11/20/2018 - Added a stop-order setting to set an additional buffer for the stop price (for those that want to include or exclude the double-clicked price). - Added conditional formatting to subdue the stop settings that aren't required if you disable sending a physical stop into the market. 12/10/2018 - Added a known issues section to this post and the spreadsheet (for when a new version goes up). 12/12/2018 - Updated known issues section to include the "Montage Style" issue for TriggerOrders. 12/13/2018 - Updated to new version 1.46. Fixed a bug in the Trigger Order script which could cause it to not be interpreted by DAS's command parser on certain user settings. - Added "modifier" extra hotkeys. See instructions next to these on how to use them. - - - Set Stop to Breakeven - Long or Short - Stop Limit or Stop Market (cancels any pending orders for SYMB) - - - Set Stop to Breakeven - Bidirectional - Stop Market (cancels any pending orders for SYMB) - - - Stop - Update Price - Long or Short - Stop Limit or Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Price - Bidirectional - Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Position - Long or Short - Stop Limit or Stop Market - Replace (requires you double-click the original stop in the Orders window) - - - Stop - Update Position - Bidirectional - Stop Market Orders Only - Replace (requires you double-click the original stop in the Orders window). 8/8/2019 - New version 2.0, download the .zip file and unzip it. - Fixed an issue with some hotkey configurations that may have caused them to be inaccurate in vary rare situations. Recommend recreating your hotkeys in this new version, just to be sure. - Added Profit Target hotkeys. - Added % Scale-In Hotkeys - Added $ Risk Scale-In Hotkeys - Added Short-SSR to Long/Short dropdown for SSR hotkeys (DAS Simulator) - Added Range Order hotkeys - Added Y-Margin Scale Increase hotkey, Y-Margin Decrease, and Y-Margin Reset - Added new sheet "Example - Equity%" and "Example - $Risk" to give a more workflow outlook on what is happening. - Included a ScaleOut worksheet to manually simulate what different scale percentages / scenarios look like (instructions will be in the video). ALSO: Video is done and rendering, I think it comes in at 45minutes with 3.4gigs (4k), so it'll need to be optimized before I upload it to YouTube. Will try to do it today and will update this when done. 9/10/2019 - New version 2.1 released. Just general clean up (UI) and bug fixes. - FIXED: Issue with the Scale-In $Risk hotkeys. - FIXED: Issue with the Stop Update Price long and short hotkeys> ^^ If you use either of those, please regenerate them and replace in your DAS to avoid issues. UPDATES: The majority of this side project is completed and besides a few requests I have in with DAS developers to optimize a few things, out of any major bugs or improved scripting features, I'd say this is about done. I'll provide any edge-case support as need, but I want to move on to other BBT-community projects. So what do I have cookin' for you guys, gals, and cat? You'll see a glimpse in the video of an early prototype (buggy! I programmed that in a few hours, so bugs are expected) of a DAS calculator side program. The newer version (need to finish the UI) will incorporate a lot more in ways of tools for you, including automatically calculating changes without a hotkey intervention. It also allows you to mass-process trade log .csv files you may have exported and compile it into Excel or .CSV for import into other programs. Configuration is drag/drop friendly, so rearranging your columns is as easy as click and holding. I'm also going to shift my attention to finishing my ORB-strategy research. Right now, my datapool encompasses 15000 news article, gaplists for 2011-2019, and 1second data for stocks in that range. It's a data store of roughly 80 gigs. The idea is to test for hidden signals we may not see that can indicate a potential direction of an ORB strategy (if no rare outside influence occurs, like a terrorist attack) by leveraging a consortium of machine learning algorithms to give us a higher probability of success for each day. Depending how the research works out, the end product would likely be a probability predictor for each day. I'll share the research results with the community and may incorporate some other tests as well. VIDEO: Ok, so I may have gone down an editing rabbit hole and that took longer than expected. The videos are up, came in quite long so I chunked it down. Sorry it's a tad scattered and not one-linear cohesive unit, but I tried to mark it up as best as possible. Part 1 - Config / Math - https://youtu.be/YrRrydwGyRY Part 2 - Setup, Quick Examples, Tips - https://youtu.be/pXLlWF7T6hw Part 3 - Sim Trade Example - https://youtu.be/SO9UhJh4dTc Bonus 1 - Scale/Price Excel Calc - https://youtu.be/KTr_iJ2p0TU Bonus Tips - https://youtu.be/sNHXFMoia7A

Hey everyone! I know I'm just getting started, but I thought this was a good time to check in with the community for any guidance on next steps. I finished reading Andrew's book How to Day Trade for a Living, started trading on a paper trading account, and nailed $9.99 in profit my fist week (lost almost $500 though)! 🤣 So I'm looking around for those of you who are a bit further along than me, which should be just about anyone, who have started down the path and have felt they've been making progress. Any suggestions on where to go from here? I figure I'll go through all of the Stock Trading courses offered in the Education Center. I signed up for a full year membership, so I want to get as much out of my membership to start. But I want to be careful about going too far down the rabbit hole of watching videos and reading books and falling into the thought trap of needing more knowledge or "maybe in the next book." How long did folks stay with Andrew's book before branching out? I'm using his Advanced Techniques more as a reference right now and am SUPER interested in Thor's book. For now I'm listening to Trading in the Zone because figure a book on trading psychology would be pretty safe. As for community resources, I've been listening in to the pre-market BBT sessions, which has been great, but I feel I'm SO new to this at I don't really know what to ask or don't want to bog down the chat with newbie questions. I also really liked my first week of trying to trade the open and experimenting with ORB strategies, but I know that once I'm back to work (been on vacation this past week) that late-morning is probably the better session for me to trade, and I'm nervous that most of the trading focus is at the open and there aren't as many good opportunities to trade late morning or over lunch. If anyone knows of some good material (videos / resources) to take advantage of post-open trading, that'd be really helpful. Thanks!

Hey Wis, welcome, I am curious how you 'almost' lost $500, it sounds that that may have been a trade/s that you let go beyond your initial stop. The #1 rule I ask myself everyday when a trade starts to go against me is 'does this make sense'. I did this today! When I say 'No' I exit the trade. Losing money hurts but staying in a trade that does that make sense hurts move, even if you don't lose money on it. The feeling of not being in control is much worse. Suggestion, downsize your max loss risk to under $50 per day for a couple of months. See you in chat!

@peterB is way better then me with those question. best!

Newer versions of DAS have two options to visualize menus and settings. Go to Setup > Other configuration and you have USE NEW CONFIG WINDOW selected. That´s the new menus and settings. Uncheck it and you will get the old menus, just like the videos.

$PRICE+($TARGETR*2); this is not possible in DASTrader as it dooes not know the mathematical logics and brackets you need to do $PRICE+$TARGETR+$TARGETR instead see the log for the errors you get. there will be an error about route not being "LIMIT" etc. overall you should switch to the new syntax and forget the old one as the calculations done in the old syntax are now useless and it will be easier for you to understand what is going on rather than studying why the switches between SShare and Share are there

solution of 2024 here https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part-777?r=1wujo4&utm_campaign=post&utm_medium=web

https://open.substack.com/pub/traderpeter/p/das-advanced-hotkeys-part-4?r=1wujo4&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true there you go @meatskin2000 @Yogi_theWanderingTrader

Hi, I would much appreciate if you could help creating a DAS hotkey for options trading? I'd want to buy a contract with the size based on criteria; - contract size: limited with a defined buying power ($2000) - Price entry: mid price - Attached a market stoploss: 85% of average cost Thank you so much for your help.

I will be there!

Bienvenido Angel nos vemos en el chatroom!

Can someone help me create a script, so I can get in a trade and walk away. So what I use now is a 3 to 1 script. But I have to wait for price to get to SL or 1R before I can walk away. I want to be able to enter my 3to1 and once stock gets to 1R it auto moves to B/E. Is this possible, a year ago I was told it was not but maybe someone has figured it out.

Hey Alex, I'm Jordan and I would love to show you a different way. I have no idea how much money that you make, but I just want to let you know that it adds up. It's not a get rich quick scheme, but I have read all of the books that you read and some of them really make you think. Let me know what you think.

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).

Have you considered futures? I've recorded hundreds of videos over the years discussing venues for trading in "small" accounts. My favorites at the moment: 1) Futures: Really good leverage, no PDT, and far less volatile than some of the stock tickers I/we usually trade. Here is a video from a "challenge" I did not too long ago. As you can see, the results can compound very, very quickly: 1b) You can also get involved with futures via a "prop" firm. I have multiple videos on topic, so if you're interested --- reach out and I'll try to opine when/where capable. Here is a video to get you started: 2) Cash Options account: I love trading options in a cash account. Options settle the very next day, so any profit you made today, will be available tomorrow for trading. Using a cash account also limits you to "over-trading" today, because once you've exhausted all of your funds for the day -- you're forced to wait until tomorrow. 3) Prop-firms that focus on equities: CMEG and Frontier are the leading firms at the moment, but this has changed (often) over the years. If you're not intersted in futures, or options, this is -- effectively -- the only way to go. In any case... I have almost a decade of experience trading in "small" accts... Feel free to ask questions if desired. GL...STAY GREEN!

I made one just for Thor's strat: https://usethinkscript.com/threads/camarilla-pivot-day-trading-system-for-thinkorswim.12988/

Hey, I opened up a personal account since I'm trading (and filing taxes) under an individual (non-business). In your case, I would assume you open up as a professional if you are trading under a business entity. However, I would double check with IB to see what their definition of "professional" because it can be confused with a "pro" trader (IE. insider, director, spouse of insider, etc...) Currently, I'm trading as under "personal" and plan to file taxes under self-employed (if I make money LOL). This is because it's the simplest way so far. Once I get consistent and profitable with my trading, I'll eventually incorporate and file taxes as a corporation. The main benefits to doing so would be limited liability and decrease taxes. Some disadvantages would be cost and complexity for accounting (book keeping and tax reporting). I plan to do all the bookkeeping and tax reporting myself as I really don't trust accountants especially for the cost to pay them. In general, there are 3 ways to file day trading taxes as a Canadian: 1) Self employment 2)Business Income 3) Corporation **Also this is not to be confused with swing trading or investing as you can utilize a TFSA account for tax benefits. I'm talking strictly day trading.** Check out these resources for the details: https://bearbulltraders.com/course/technology-monday/lesson/broker-trading-platform-tax-services/topic/managing-taxes-for-canadians/

I chatted with an IB representative who was very helpful. In short, it seems like there is nothing to worried about when it comes to the exchange rate. I don't think you have to convert everything to USD (or deposit in USD) either. Here is an example. If I have $1,000 CAD and $0 USD and I want to buy a $100 stock, then I am borrowing $100USD from IB. At this point, I have -$100 balance in USD. If I have a winning trade and now I sell the stock at $120, then I have a $20 profit. My USD account balance now will be $20. If I lose and sell the stock at $80, then now I have -$20 balance in USD. For -$20, I will have to pay some interest to IB or you can convert the amount from your CAD balance. As you can see, there is no place for the exchange rate to come in because I would be simply trading in borrowed USD, not CAD that is converted to USD. However, the exchange rate changes every day and when it comes to the total balance shown in USD it changes every day even if you don't trade at all. With the $1,000 CAD scenario, if the USD/CAD exchange rate is 0.8, then your balance in USD is $800, but if the rate drops to 0.78, then the balance will be $780. You would still have $1,000 Canadian. If the CAD value drops significantly, then the total value of your balance in USD drops significantly too and even if you win some trades (in USD), you may have less USD equivalent (as your base currency) at the end of the day than when you started trading in the morning. I think it is what happened to the OP. But I believe you would still have your original CAD balance in your account (plus the positive USD won in the trades).

Hello Everyone, My name is Maitri and I live in Saanich, Vancouver island . I am newbie in trading and have been interested in it after reading Andrew's book. I am a Business Analyst by profession and would like to learn about day trading and practice it . I have registered with the intro membership to immerse myself with fellow traders and see if this is good fit for my next career.

For free backtesting, you have to know how to code. Quantconnect and Quantopian offer free access to their data packages if you use their cloud to program your script and test (they can see the results, btw). There's a few standalone programs that do it, but they're expensive, and don't include the data (I think one is called Arbiter or something like that). Quality data for a lot of stocks is expensive (I think 10 years of S&P500 symbols at 1 second resolution is like $20k). If you have the data, can program, and want to set up something local there's a few great Backtesting programs written in Python on GIThub. I wouldn't bother with TradeIdeas, their backtesting only goes back to 90days last I checked. It's way too easy to overfit and the small sample size of only 90days will make the algorithm very susceptible for erratic performance. You generally want to optimize for years of data and then test for another set of years the algorithm/strategy has never seen. DAS Replay is a great mode for visually / manually backtesting a strategy, but you can easily introduce various biases in doing so. They have data going back to Oct/Nov 2018 if I recall.

You should 100% look into Kyle's hotkeys. It will automatically calculate how many shares to take based on your equity and how much you want to risk, it will enter a position and it will place a stop loss all with one hotkey. It will make your life a lot easier.

This exists now. In case anybody finds the above instructions confusing, here is the step-by-step on how to set up "click and add" price alerts. Steps: 1) Right click on a chart > Chart Area > Config Area. Check the box in the bottom-right that says "Enable placing alert on chart". 2) Next, you must create a hotkey (Setup > Hot Key > Add New Item). I have simple scripts for when price crosses above or below my alert price. I'll share them: Price crosses ABOVE alert price: AlertName=newalert;AlertType=LastPrice;AlertOperator=>=;AddAlert Price crosses BELOW alert price: AlertName=newalert;AlertType=LastPrice;AlertOperator=<=;AddAlert 3) Open the Alerts window (Tools > Alert & Trigger). This window NEEDS to be open for the hotkeys to work, so I now just have it permanently fixed in my Desktop layout. 4) Now, when you press your hotkey, an arrow with an "A" next to it will show up on the chart, and you simply click the price where you'd like the alert to be placed. (NOTE: The first time you click, you'll get an error message that says "Placing alert failed". Just click again and it will work. This is a bug and I've reported it to DAS already.

I am using a streamdeck XL. Thanks to Kyle for the ICONS and DAS scripts. I can now focus on process, trading well and less calculating. I am testing in SIM, and I may need to separate the LONG MENU and SHORT MENU to different profiles.

Hi, Here's another hotkey command for STOP Market at avgcost or at breakeven whether you are Long or Short. ROUTE=STOP;StopType=Market;Share=Pos;StopPrice=AvgCost+0.00;TIF=DAY+;SEND=REVERSE Thanks, Ryan

Greg, which version of DAS are you on? Go to Help > About. I think the DuplicateWindow feature was only added as of 5.2.0.15. You can update to the latest version by going to Tools > Auto Upgrade. Make sure to backup your settings via Tools > Backup Settings.

It's called an Elgato Streamdeck. Here is a link to the Icon set I made for my station.