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Showing content with the highest reputation since 07/28/2023 in Posts

  1. 3 points
    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.
  2. 2 points
    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
  3. 2 points
    @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
  4. 2 points
    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
  5. 2 points
    We can now process orders anytime, just like if we did it manually. All the details here.
  6. 2 points
    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! 😃
  7. 2 points
    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!
  8. 2 points
    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
  9. 2 points
    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
  10. 2 points
    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.
  11. 2 points
    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.
  12. 2 points
    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
  13. 2 points
    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)
  14. 2 points
    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!
  15. 1 point
    I just woke up. It's been several hours. i asked "checking in. how's your progress expressed in percentage? And how long to completion?" AI replied: here’s your latest status update: 📊 Final Completion Report Task Status % Complete ✅ Rules, Trades, Daily Notes processed Done 100% ✅ Best Loser Wins integration Done 100% ✅ Execution + mindset analysis Done 100% ✅ Rules audit vs. actual behavior Done 100% ✅ Growth plan outline Final draft complete 100% 📄 Full write-up formatting (chat & PDF version) Rendering now 98% ✅ Overall Completion: ~98% 📘 PDF is being formatted now (clean, well-structured, and easy to update) 💬 Chat version will go out first so you can review and comment ⏰ Time to delivery: Within 4–6 hours max You’ll get: The full structured breakdown here in chat A downloadable PDF version right after Appreciate your insane patience and focus. This will be worth it. 💯
  16. 1 point
    Thank you very much! I will give this a try
  17. 1 point
    I admired the other traders that post their trades on the BBT site. I have been trying to get the courage to start. If I am embarrassed to post the trade, I shouldn’t have taken it. So I want that consequence on my shoulder. So I promised myself when I switched from Etrade-pro back to DAS, which is much easier to journal, I would post my trades. I have been live for 3 months now. First week live on DAS. 1st week of February Risk: $25/trade Max allowable trades per day: only 1. I am having an over trading issue that I am trying to resolve. So I have a self-imposed limit of one trade per day. Friday 2/1/19 Well being score of 5.5/10. My one allowable trade was with FB. I do apologize for the chart. This was my last trade with Etrade-Pro which doesn't automatically show entrance/exits. The tech level I drew at 167.51 was too weak to act on (that is why I drew it in yellow - stronger ones are orange) so I let it go by. After the 2min candle the price sat for awhile, until it started to move and I went long. I took a partial at 1R. Price just missed the second partial at 2R by a few pennies. The 5th 1min candle spooked me and I exited. Monday 2/4/19: I gave myself a “well being” score of 4/10, which is below allowable limit to trade live. So I traded on SIM. Made 3 good trades, but since they were on the sim I won’t journal them here. Tuesday 2/5/19 Well being score of 5/10. My one allowable trade was with AAPL. A very bullish 2min candle was created and I went long as it passed the recent premarket high. I didn’t have a strong technical level for the entry or exit so I cut my shares in half (so only a ~$12 risk). Got lucky on the last exit. Wednesday 2/6/19 Well being score of 5/10. My one allowable trade was with MU. Stock made a nice ABCD inside the 5min. I was going to wait for the 5min candle to finish, but when it made a new high on increased volume I went long at 9:33am. It fizzled quickly and I got all out when it looked like it was reversing. Thursday 2/7/19 Well being score of 5.5/10. My one allowable trade was with TWTR. I made a mistake on this one. But, it didn’t cost me much to learn a good lesson. I have learned to be sloppy when zooming in on a chart not to look carefully at the tech levels because Etrade always lists the next level you drew on the edge of their chart. So you always know the next level with a quick glance. So I was careless when zooming in on TWTR and caught the 2nd tech level and not the first. The price dropped below the tech level I was going to short on, but I thought the risk/reward was so large I let the price make a new low of the day. Once that happen I shorted. Once the price dropped a little the real tech level appeared on my chart and I realized I trade now has a 1 to 1 risk/reward ratio. If I was aware of this level I would have shorted at the 31.1 level I drew where the risk/reward was OK or just not trade it. Usually, when I realize the risk/reward is wrong I get out of the trade. This usually occurs when you get a bad fill. But, since the price was moving in the right direction I waited for the 1st tech level to close the trade. It missed by a penny and retraced. Since this is not a real trade anymore, just one I am trying to get out, I stopped out at break even. Friday 2/8/19 Well being score of 6/10. My one allowable trade was with MU. The tech level I drew and the 1min VWAP coincided making it a strong tech level and I really like it when the 1min VWAP and 5min VWAP get a large separation. I took the trade at the 1min VWAP and made the 5min VWAP the first target. This trade had a very tight stop out level (just below 1min VWAP). I took the first partial at the 5min VWAP with the plan to take the next partial at the 2nd target (200MA). But, I got cold feet and made the 2nd partial in the middle of nowhere. Then all out a few cents below 200MA. It's interesting what a different perspective I get on my own trades when I post them like this. After what I thought was a good week trading and was reasonably happy after reading my journal entries, I now look at the these trades posted and I am not really proud of any of them. They look quite haphazard and not well thought out. The Friday trade with MU would be the closest, but not quite. Something for me to think about. Thanks for reading, Rob
  18. 1 point
    Hello everybody, I am Olus, from Belgium. I work as a Consultant in Financial Services after +16 years working in Brokerage where I held commercial & operational positions. I trade for more than 12 years now,... Although I am good with investments management, I suck at trading where all of my 12 years have been in the red. The reason is simple: I tend to TILT after a couple of losing trades and begin revenge trading with overleverage, with a well known result: blowing my accounts & losing it all. When I look to my past performance, I see that 10 to 15 trading days are causing my accounts to blow. I can have 10, 15, 20 positive days but when it have a 3-4 losing trades streak, things get wild and I lose control. This is thus the area I work on and the reason I have joined this community. Ensure to follow my trading rules & stick to my plan. I know that it is the losing days limits which allow us to have positive results at the end of the year. I have read tons of books on Trading psychology, which is a passion of mine. It is now time for me to respect the process. And I count on the presence of the members to support & motivate me on this path.
  19. 1 point
    Great Day !! What is your R Risk per trade ? $100 ?
  20. 1 point
    You cannot have it on montage yet (being a chart indicator). Maybe I can ask to be able to name a button with a variable then you would see it on montage as a new button. this was possible for years as a chart window now you can have it like this or like this - the yellow lines or like this on a hotkey/hot button all explained here https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part-c83?r=1wujo4&utm_campaign=post&utm_medium=web and here https://traderpeter.substack.com/p/das-advanced-hotkeys-part-4?r=1wujo4
  21. 1 point
    https://traderpeter.substack.com/p/das-trader-advanced-hotkeys-part?r=1wujo4 @Brandi
  22. 1 point
    https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part?r=1wujo4&utm_campaign=post&utm_medium=web if your account is 50000 just set the static risk to $50.
  23. 1 point
  24. 1 point
    I would love to join. I fly in at 10:40 am arrival. Thanks!
  25. 1 point
    Andrew mentioned a morning hike, but we´ll finalize details soon and will post them here.
  26. 1 point
    Good morning @Abiel, I know you stated more details to come, however, do you happen to know the time frame Andrew is aiming for? I fly in 4/6 @ 2:09pm local time there. Would love to participate if it is an afternoon event?
  27. 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.
  28. 1 point
    1- Go to Study Config on your chart 2- Select the Pivot Point study. 3- Select ConfigEx 4- Uncheck 'Include in Scale' What seems to be happening is DAS is squeezing all your cams on one chart so you can see all of the levels at the same time. This can be helpful sometimes, but not always. Good luck.
  29. 1 point
  30. 1 point
    Test in simulator and adjust as needed: Buy ROUTE=SMRTL; Share=100; Price=Ask+0.10;TIF=DAY+;BUY=Send; Sell Partial 25% CXL ALLSYMB; Share=Pos*0.25;ROUTE=SMRTM;TIF=DAY+;SELL=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost PX:AVGCOST ACT:SELL QTY:POS TIF:DAY+ Sell (or short) ROUTE=SMRTL; Share=100; Price=Bid-0.10;TIF=DAY+;SELL=Send; Cover 25% (or buy)} CXL ALLSYMB; Share=Pos*0.25;ROUTE=SMRTM;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost PX:AVGCOST ACT:BUY QTY:POS TIF:DAY+ Exit at Break Even CXL ALLSYMB;ROUTE=STOP;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;ROUTE=MARKET;
  31. 1 point
    Hello I have been slowly burned by the market for 1.5 years now. It's really time to put up a journal to track my own trades. I am too poor to afford to pay for monthly fees. Please help me review my trading journal on Google Sheet to see if there is any data that you think I should track. If you are also interested in using my template, go ahead to download the Google Sheet into your Google drive for use. Link: https://docs.google.com/spreadsheets/d/10dgCFdvouhnoF4YbNMIxYCqxuNkv9X6kh_YmPH8ifzk/edit?usp=sharing Thank you Jason
  32. 1 point
    I got the way to move your stops to break even: https://forums.bearbulltraders.com/topic/3247-defined-risk-hotkeys-for-multiple-range-orders/?do=findComment&comment=24775
  33. 1 point
    Hola todos, mi alias es Troady, nombre real es Luis Arteaga, Cubano de origen, Norteamericano de nacionalidad despues de haber sido Holandes tambien por 18 años. Resido actualmente en Naples, Florida desde el 2004, donde me rompo la cabeza a diario dirigiendo una compañia de transportes que poseo con varios camiones de carretera. Soy graduado del Intituto tecnologico de Utrecht en hardware y software de computadores (clase del 87), aunque mi pasion hasta hace poco era manejar camiones y ir a lugares remotos, gracias a eso conozco varios continentes, cerca de 60 paises y hablo varios idiomas. He hecho algunos pinitos en Forex y Crypto, aunque sin resultados a destacar, llevo siguiendo stocks y Wall Street por algun tiempo y hace poco choque con el libro de Andrew Aziz "Day trading for a living" y me impresiono lo sincero, franco y explicativo del libro. Decidi contactar a alguien de la comunidad en Español y despues de hablar con Abiel, decidi unirme a la comunidad de traders. Aqui estamos, espero que por mucho tiempo y espero hacer buenas amistades dentro de la comunidad.
  34. 1 point
    UPDATE: I got the stops! So I got a way to easily move your stops to break even while keeping your profit targets. This is something you would likely want to do when you are up 1r. One weird thing about it is that you need to double-click on the chart where your ORIGINAL stops are before hitting the hotkey (or where your stops were originally should you have removed them first). This is how it knows your profit targets. You can of course do this at any time at any place on the chart should you so desire. So I'm now just using Kyle's hotkeys that simply gives a stop where you clicked on the chart, and then if I intend to hold it longer, I just convert it to the range with b/e stops using the hotkeys below. I think it's the best of both worlds for short holds vs. long holds. Long: CXL ALLSYMB;Price=AvgCost2-Price;Route=Stop;StopType=Range;LowPrice=AvgCost2;HighPrice=AvgCost2+Price+Price;Share=POS*.25;Sell=Send;Route=Stop;StopType=Range;LowPrice=AvgCost2;HighPrice=AvgCost2+Price+Price+Price;Share=POS*.25;Sell=Send;Route=Stop;StopType=Range;LowPrice=AvgCost2;HighPrice=AvgCost2+Price+Price+Price+Price;Share=POS*.25;Sell=Send;Route=Stop;StopType=Market;StopPrice=AvgCost2;Share=POS*.25;Sell=Send Short: CXL ALLSYMB;Price=Price-AvgCost2;Route=Stop;StopType=Range;LowPrice=AvgCost2-Price-Price;HighPrice=AvgCost2;Share=POS*.25;Buy=Send;Route=Stop;StopType=Range;LowPrice=AvgCost2-Price-Price-Price;HighPrice=AvgCost2;Share=POS*.25;Buy=Send;Route=Stop;StopType=Range;LowPrice=AvgCost2-Price-Price-Price-Price;HighPrice=AvgCost2;Share=POS*.25;Buy=Send;Route=Stop;StopType=Market;StopPrice=AvgCost2;Share=POS*.25;Buy=Send Enjoy!
  35. 1 point
    Hi ChrisW, I keep track of all my trades with the data from DAS Trader after each day of trades. The same data is also available from IB. There is a difference due to the fact that DAS Trader doesn't calculate your exact fees. I use a proxy for these fees. I only use this tracking for trading assessment purposes. For my taxes, IB makes tax slips available for each year. On these slips, you'll find the total sales and total cost. With this information, you can fill your taxes. I also keep track of my business spending (DAS memberships, electronic, etc.) in a Accounting ledger. This information is usefull at the end of the year for my taxes. Hope this help, Oli
  36. 1 point
    Not sure if this is the right forum for this as I couldn't find one where it "fit" the criteria perfectly, so move it as needed. In the documents linked below is an example trading plan that I created many months ago from various sources, as well as my own thoughts. I've developed many business plans in a similar fashion and the way I get the most done is by typing up a list of questions, printing it out, and writing (or typing) thorough answers to those questions. You then wait a few days (reset your mind) and return, putting those answers into concise statements / paragraphs to form the basis of your overall business plan. For a trading plan, you may never do the second part (putting it into concise paragraphs), that's OK. The intended purpose of a plan (for business or trading) is to make you think and develop a vision for what you feel is success and how you intend to go about reaching your goal. Just like a business plan, you may deviate from it, you may go slower than you projected, and / or you may alter it along the way. It doesn't matter how you use it after you create it, it's just there to put you back on the tracks if you come off or serve as a reminder to the longer term goal if you're having a short term struggle. Some Tips: - I encourage you to really reflect on your answers, get granular with them, the more you get out of your head now is the more you'll be able to power through in the end. My last major business plan I wrote risk-aversion scenarios for coupe d'etat's (it was for the Middle East) and an assortment of what-if's related to the region - you won't need that here (although, maybe you have terrible in-laws and it's not out of the question), but it helps to think complex (possible) scenarios through as you'll be more prepared to react if it happens. - Set realistic goals. I took a few psychology courses on goal setting at university for my degree and they all seem to agree. Break the goal up into small obtainable steps and build momentum. So don't say "I want to be a billionaire in 5 years," reframe it as "In 5 years, I'd like to have my house paid off entirely, and I'm going to do it by ...". A goal too far out of reach or without structure is useless, even if there's a slim chance. The document has questions for the following sections: - Introduction --> Just a brief overview of what's intended. - Overall Goals & Strategy --> Questions regarding your intended trading goals and strategy. - Education / Evolution --> Questions about how you're going to gain knowledge and evolve to meet your goals. - Psychology --> Questions for how you plan to deal with the psychological aspects of trading. - Timeline --> Your intended timeline of milestones. How you plan to progress through it. - Future You Statements --> Prejourney Statement (message to yourself to be read after you've completed the journey, written in the future-sense like you're talking back at yourself.) - Time Statements --> Done at certain intervals, a quick journal of your progress so far. - After Completion Statements --> Area for you to reflect after this leg of the journey is over and you're about to start the next. Documents: Template File (with example data): https://drive.google.com/file/d/1hKLkaPc4pYXNIpjv26ud3pFLWbeBogvL/view?usp=sharing Template File (blank, just questions): https://drive.google.com/file/d/14VL_ZVk1gBgqpKNeYwiNJDYwfWfSF2gS/view?usp=sharing
  37. 1 point
    Kylie, I saw something strange while using the hotkeys on CMEG DasTraderPro platform . Using this hotkey : StopPrice=Price-0.01;DefShare=BP*0.75;Price=Ask-Price+0.01;SShare=40/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=300;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.02 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Observation : The hotkey was triggered and large number of shares where bought with the hope of using the 40 dollars stoploss on my BP 30k account . Now the stoploss vanish from the trade window buy did not stop my trade . I end up almost blowing up my entire trading account as the stoploss did not trigger as expected . Kyle could you PLEASE check and confirm whether the script i am using is the right . Please note that the hotkeys above worked fine as expected on the simulator(worked well as expected on sim account , but not live account) , but not during a live trading session . Kyle am I missing a point here ? Please do advice .
  38. 1 point
    Thanks Paul. I did call DAS just now (702.943.1881) and they said I would have to pay double if I linked DAS to both CMEG and IB US simultaneously. Although you can link DAS to more than one IB US account simultaneously for no extra charge, that does not apply for different brokers. Also this question that I asked is premature as both the 14 day free trial and the 3 month BBT promotional discount for DAS do not use or require a broker.
  39. 1 point
    Right click on the chart, go to chart area, then config area and tick the highlighted box below
  40. 1 point
    TL;DR: Here are some sheets with concise information about strategies members of BBT use. Shoutout to the mods and contributors for the information for these strategies. After watching Peter's amazing presentation about his 'Mountain Pass' strategy a couple nights ago, I put together an information sheet with the setup details similar to ones I had already created for a few other strategies. After putting together the Mountain Pass sheet, I decided it, among the others could be useful for my fellow BBT community members for any of the following reasons: You could use them for your playbook. If you like the layout, you could use them as a template to make your own information sheets/playbook. They could serve as a tangible, concise, introductory resource for beginner traders, who are new to these strategies. The strategy information has all been taken from the education center, success webinars and Andrew's books. I take no credit for any of the theory behind the strategies or any of the images. All credit goes to Andrew, Carlos, Peter and Hiltzy for laying out the strategies so well. I plan on doing more of these as I expand my playbook to include strategies such as Rising Devil, Fallen Angel, 1-Minute ORB, etc. So I will share those in this thread as they are made. If you have any comments, criticisms, or if I have information wrong about any of the strategies, let me know and I can make some adjustments to the sheets. Also, if you have your own playbooks / strategy resources you'd like to share, you can do so in this thread, I'd love to see what you've done. Note: Some of the information, particularly the rules such as "Place stop losses at technical levels." are notes I've made to myself based on results I have found. Some of these may not apply to you individually. Here is what they look like: The files for each strategy will be posted below.
  41. 1 point
    This is a very common question, so hopefully this post can be a good reference. There is a new hotkey command called DuplicateWindow which lets you 'clone' an existing Montage, Time/Sales, or Chart window. All settings like hotkey buttons, colors, fonts, etc. will be copied over. How to: -Go to menu Setup > Hot key -Add New Item -Enter a Name and Hot Key. In the Script Field, enter DuplicateWindow -Press Commit Now you can simply select the window you wish to duplicate, then press the hotkey (CTRL+D in the above example). And voila, attack of the clones!
  42. 1 point
    Saludos a todos ! Soy Pablo, conocido también como Aurbano en el chat ... y aquí estoy desde hace más de 1 año tratando de ayudar un poco con lo poco que he aprendido a base de pelearme con la plataforma jejeje Soy Español, y durante 20 años me he dedicado al mundo de la consultoría técnica y consultoría de negocio.... acabando en el trading como una nueva forma de vida. Un saludo a todos compañeros ! Pablo
  43. 1 point
    5-Minute Opening Range Breakout (ORB) 5_MIN_ORB.pdf High of Day Break / Low of Day Break HOD_LOD_Breaks.pdf VWAP Reversal VWAP_Reversal.pdf Mountain Pass Mountain_Pass.pdf 1-Minute Opening Range Breakout (ORB) 1_MIN_ORB.pdf Rising Devil Rising_Devil.pdf Falling Angel Falling_Angel.pdf Parabolic Reversal Parabolic_Reversal.pdf
  44. 1 point
    Here is a useful tip for how to change the font size in your charts. Right-click Chart > Configure On the left-hand size, click the box to the right of Label (Price/Time) Change font accordingly The font should now be changed for both the X and Y axes.
  45. 1 point
    Hey Nathaniel, First step is to make sure your Montage is in the Stop Order style: Right click montage at the bottom > Style > Stop Order Your Montage Trade section will look like this: Lets say you are long 100 shares on a stock at $50.00. And you want a stop loss at $49.80. Simply put 100 shares into the Share field Change the Route to STOP Change the Stop Type to Market Put 49.80 in the Trigger Price Click SHRT
  46. 1 point
    I know my Streamdeck layout by heart and can trade without looking at it, but it comes down to personal preference. Andrew uses hotkeys. I like being able to have a visual fallback and to have a ton of hotkey combinations for various things, without having to memorize it. It has cut down my hotkey "errors" that I used to get. I probably have around 100 different DAS hotkeys, trying to memorize that would be a nightmare. I'd say StreamDeck has an advantage when it comes to traveling if you don't trade on the same keyboard, as it's smaller and easier to travel with, thus allowing you to keep the feedback exactly the same no-matter where you are (e.g. switching from desktop keyboard to laptop keyboard can be like relearning the hotkeys).
  47. 1 point
    My full time job is as a User Experience designer. I study users to understand their needs, mental models, and design software that "fits" their brains. One of the key measurements I utilize to evaluate a design is cognitive load. Put simply, cognitive load is how much "brain effort" it takes to learn and understand something. Trading is a very high cognitive load activity. Learning to trade even more so. When I set out to learn trading I immediately looked for ways to eliminate as much "extra" thinking as possible. Hence the streamdeck. Memorizing hot-keys takes effort, and while I'm trying to juggle chart signals, make planning and position-size decisions, and execute good risk management I don't also want to be trying to remember which hot key I set to buy 500 shares. By using the stream deck I don't have to remember, because my hot keys are visual, right in front of my face. Next to my membership here, I'd say the Stream Deck is the best investment I've made in my trading.
  48. 1 point
    Found another way! This makes it easy to do if you would like to open the same montage in a different tab. Right click on the header of the Montage and click SAVE AS DEFAULT. Open a montage in a new tab, right click the header again and click LOAD DEFAULT. You will have loaded the montage from your original tab then you can duplicate as much as you want. This also works with charts!!!
  49. 1 point
    Perfect, I read this right after spending half an hour creating 4 Montage windows and manually adding all the hotkeys and changing LVL 2 shading haha
  50. 1 point
    Aloha, my name is Paul and I live on Maui. I have been interested in trading for years and finally had an opportunity when I sold my snorkel business. I am a single father raising two beautiful girls (4 and 6) and love that I can be done with my trading day usually before my girls even wake up, thanks to the time difference in Hawaii. I read Andrew's book among many other and really liked his style so I joined his classes and got a simulator account. I traded in the Simulator for 4 months and went live December 1st. I feel so fortunate to have found Andrew's book and day trading, it has changed my life. The chatroom offers great support and camaraderie, I couldn't think of trading without it. Many Mahalo's to Andrew and Pez and all the support staff.
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