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Showing content with the highest reputation since 06/29/2021 in all areas

  1. 6 points
    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.
  2. 5 points
    Since everybody has different levels of experience with the stock market, it is difficult to have a one-size-fits all objective list. I am going to try to cover all the areas that you should have a firm grasp of by the end of the 3-months. It is a rough outline of what I have learned after 4 months of paper/real trading. This post will be a work in progress, but here goes. ~IN PROGRESS~ Day Trading is probably the most deceiving profession on the planet. On the surface the concept seems very simple: buy low and sell high. Then why is it that 90% of traders fail at his endeavour? Surely they aren't trying to do the exact opposite of what is profitable. Even flipping a coin has better odds at 50%. Let's take a look under the hood to see what is required to be a successful trader. CLASSES There are four classes in total. Each one runs about 1 hour, except for class 4 which is almost 2 hours. It is recommended that you attend the classes multiple times to reinforce your knowledge, refresh the concepts, as well as stay updated on any new material. It is your responsibility to go over the slides and understand what is being taught. If you have any questions, please ask them during class, in the forums, or in the chat. The community is always here to lend a hand. You should also bookmark the Bear Bull Traders FAQ and DAS Trader Pro FAQ. Some members choose to read additional day trading books, as well as practice trading replayed market data. What you get out of the course is directly related to how much effort you put in. In a sense, the entire 3-months is more of a self-paced learning program than a structured course. There are no quizzes, no tests, no projects and no scoring. It is up to you to wake up every morning and spend time in the chair mastering the trade. Nobody will hold your hand, watch over your shoulder, or monitor your performance in any way. That is how day trading is in real life: absolute freedom to stake your fortune or self-destruct and implode. STOCK MARKET BASICS -Warren Buffet once said 'The stock market is a device for transferring money from the impatient to the patient.' This is true for long term investing and for day trading. Remember that for each transaction you see in the Time/Sales window, there is a buyer and seller. When a stock is down 20% on the day and you short it, somebody is on the other side of that transaction buying. You don't know their hand though. They could be covering their short from earlier, it could be institutions loading up for long term investment, somebody hedging an options contract, etc. Beginners often gloss over this point. Volume represents transactions being filled; a transaction always involves two parties. You are trading against other people, not the market itself. -Exchanges: NYSE, NASDAQ, AMEX -Market Makers -Pre-market and after-hours -High Frequency Trading (HFT), algorithms -Bid, Ask, Spreads -Short-selling. What does it mean. -Short inventory. Why are some stocks shortable and others not -Short Sale Restriction (SSR) -Short interest, or Short Ratio -Share float -5-cent tick programs -Circuit Breaker Halts -News, earnings, and catalysts -Buyouts -Pattern Day Trade Rule >>> Make sure you understand the above prerequisites before proceeding any further. Investopedia is a great resource. CHARTS -Candle Sticks. How to read them. -Understanding Price Action. Bearish vs bullish candles. Indecision candles. -Higher highs and higher lows / Lower highs and lowers lows -1-minute vs 5-minute chart -Moving averages and how they are calculated in different timeframes -VWAP. Why it's an important intraday indicator >>> The above concepts are not tool-specific and apply to all trading platforms MECHANICAL ASPECTS -Knowing your tools (DAS) -Platform, Hotkeys, Scanners, Journaling -Order entry. Limit, market, marketable limit, stops -Level 2 -Calculating commissions and tickets >>> The goal is to familiarize yourself with DAS and be comfortable using it. For some this could take days. For others this requires weeks. TECHNICAL AND STRATEGIES -Finding Stocks in Play -Good vs. bad pre-market price action -Finding Support/Resistance Levels -Day trading Strategies. Master recognizing the patterns, entries, stops, targets. -ABCD / Reverse ABCD -Bull Flag Momentum / Bear Flag -Fallen Angel -VWAP False Break Out -VWAP Reversal -VWAP Trend Trade -Opening Range Breakup / Opening Range Breakdown -Red-to-Green / Green-to-Red -Moving Average Trend Trade -Top Reversal / Bottom Reversal -Time of Day: Open, Late Morning, Midday to Close >>> Everybody will pick this up at a different pace--learning to recognize different strategies, figuring out which one works best for you (at what time of day), etc. MANAGING YOUR ACCOUNT -Risk Management -Position Sizing -Money Management PRACTICE THE PROCESS OF EXECUTING A GOOD TRADE Putting on a trade is more than buying at point A and selling at point B. You need to combine everything you learned to get in and out of a single trade properly: 1) finding good stocks in play 2) identifying chop and staying away 3) identifying the strategy or setup 4) quickly calculating risk-to-reward 5) getting a good entry and avoid chasing/jumping the gun 6) managing the trade based on live price action and new information which the market is providing you 7) taking profit (often overlooked, yet it involves half of the entire trade) 8) you need to do all of the above while keeping your emotions in check and fighting your psychological demons >>> Over the 3-month period, you will repeat this process hundreds of times. This is where the bulk of your time will be spent. Learning to take good trades and improving on your mistakes. This is the only path to consistency. Don't waste time trading unrealistic sizes on low-float stocks because you won't learn a thing. >>>Some of your trades will turn out to be winners, some will turn out to be losers. Most likely you will have a few trades that blow up your practice account (but don't worry, you weren't taking things seriously and would never do it live, right?). GOING LIVE -Choosing a broker -Starting small and gradual position sizing -Returning to Simulator -Peer-to-peer support PSYCHOLOGY OF TRADING -Why do most traders fail here -I'm highly intelligent, analytical and very disciplined. Why this will ruin your trading. -I'm a good poker player. Good--you will be playing against yourself -Revenge -Overtrading -Fear of missing out (FOMO) -Fear of pulling the trigger -Trading scared -Averaging down -Turning a day trade into a swing trade ~IN PROGRESS~
  3. 4 points
    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 Requires DAS version 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
  4. 4 points
    This table does not apply to all traders, but for those that have a strategy that is very buying power intensive. It takes in consideration that IBKR and other brokers actually limit us to 25% margin in several volatile tickers, so this table is actually conservative on what could possibly be done with consistency. I made this table to clearly display what the ideal scenario is for someone who has a successful strategy that is reliant on the upper limit of their buying power available. Several of my win days are larger than my goal amount ( x3 ) and some are SIGNIFICANTLY bigger than my goal amount ( x10 ), so I decided to simplify this table and go with a "If I never lost a single day at bare minimum goal amount" approach. With a starting balance of $25,000, 0.05% risk per trade, 5R goal amount, and big winners every so often, you would still have to wait probably at least 2 1/2 years before living off of this income was easily achievable. (assuming you want to continue to build the account while living off of the income) At first the numbers seem way too conservative, but then all of a sudden they seem unbelievable. Year $ Gain Risk Bump @ +10% Intervals Goal Amount 5R Risk Per Trade 0.05% Total Trading Days Years Months Days $15,263 $25,000 $63 $13 40 0 1 28 $27,500 $69 $14 80 0 3 25 $30,250 $76 $15 120 0 5 23 $33,275 $83 $17 160 0 7 21 $36,603 $92 $18 200 0 9 19 $40,263 $101 $20 240 0 11 16 $27,039 $44,289 $111 $22 280 1 1 9 $48,718 $122 $24 320 1 3 7 $53,590 $134 $27 360 1 5 4 $58,949 $147 $29 400 1 6 32 $64,844 $162 $32 440 1 8 30 $71,328 $178 $36 480 1 10 27 $47,901 $78,461 $196 $39 520 2 0 20 $86,307 $216 $43 560 2 2 18 $94,937 $237 $47 600 2 4 16 $104,431 $261 $52 640 2 6 13 $114,874 $287 $57 680 2 8 11 $126,362 $316 $63 720 2 10 9 $84,860 $138,998 $347 $69 760 3 0 1 $152,898 $382 $76 800 3 1 29 $168,187 $420 $84 840 3 3 27 $185,006 $463 $93 880 3 5 25 $203,507 $509 $102 920 3 7 22 $223,858 $560 $112 960 3 9 20 $246,243 $616 $123 1000 3 11 18 $165,367 $270,868 $677 $135 1040 4 1 10 $297,954 $745 $149 1080 4 3 8 $327,750 $819 $164 1120 4 5 6 $360,525 $901 $180 1160 4 7 4 $396,577 $991 $198 1200 4 8 31 $436,235 $1,091 $218 1240 4 10 29 $292,958 $479,859 $1,200 $240 1280 5 0 22 $527,844 $1,320 $264 1320 5 2 19 $580,629 $1,452 $290 1360 5 4 17 $638,692 $1,597 $319 1400 5 6 15 $702,561 $1,756 $351 1440 5 8 12 $772,817 $1,932 $386 1480 5 10 10 $518,994 $850,099 $2,125 $425 1520 6 0 3 $935,109 $2,338 $468 1560 6 1 31 $1,028,619 $2,572 $514 1600 6 3 28 $1,131,481 $2,829 $566 1640 6 5 26 $1,244,630 $3,112 $622 1680 6 7 24 $1,369,092 $3,423 $685 1720 6 9 21 $1,506,002 $3,765 $753 1760 6 11 19 $1,011,372 $1,656,602 $4,142 $828 1800 7 1 12 $1,822,262 $4,556 $911 1840 7 3 10 $2,004,488 $5,011 $1,002 1880 7 5 7 $2,204,937 $5,512 $1,102 1920 7 7 5 $2,425,431 $6,064 $1,213 1960 7 8 33 $2,667,974 $6,670 $1,334 2000 7 10 30 $2,264,355 $2,934,771 $7,337 $1,467 2040 8 0 23 $3,228,248 $8,071 $1,614 2080 8 2 21 $3,551,073 $8,878 $1,776 2120 8 4 18 $3,906,181 $9,765 $1,953 2160 8 6 16 $4,296,799 $10,742 $2,148 2200 8 8 14 $4,726,479 $11,816 $2,363 2240 8 10 12 $5,199,126 $12,998 $2,600 2280 9 0 4 With a 3k account this last year I was able to make 34k (Totaling 37k), paid off my debt, and then made another 6.5k from only 8k starting balance in the last 3 months. I'm only 'flexing' these numbers because there isn't very much announced success on here to the point that it can be discouraging. I wasn't profitable for 3 years, and before I started making money I literally lost all of my money and money that wasn't mine. If you are someone reading this that doesn't have very much money, I would really encourage you to find good investments rather than day trading, while you learn to trade. Learn to do the conservative routes like selling covered calls and selling puts so you can get the confidence under your belt and build your equity. Slow is smooth, smooth is fast. Eventually you will stumble upon opportunities that are obvious rather than forcing trades because you won't have the stress of 'making it' as a day trader. Those opportunities will build your account and give you peace of mind while you chip away at this skill. All that being said, this table is actually achievable. Stay the course my friends. Bailey Nevener
  5. 3 points
    As previously said you need not only a set up but also an entry strategy, and trade management strategy including you target ( a level, MA or 3R) where to partial, do you move SL to BE or you partial at 2 or 3 R and then you move your SL or it could be all or nothing ( 3 R without moving SL.). The goals at early stage is not how much money you make but getting familiar with the platform, defining a trading process , get enough screen time, learn price action, L2 and T&S, identify which set ups you trade the best and which you are not good at and scratch them, building a journal and sound review process. Money comes naturally once you master the above. We all start with the mindset of the outcome but in trading the process oriented approach is the way to success. You are not doing wrong, it is a learning curve, you enter in a good trade, couldn't manage, so now your improvement goal will be to define exit and partial strategy. Don't expect to be able to hold the entire move, it will take time, we all start scalping and shorter TF and once we get some experience we move to bigger TF and look for set ups there to get the bigger moves. Don't beat yourself. You did it great! I couldn't see any set up for much longer than 3 days when I started.
  6. 3 points
    You can right click on the chart area then select Data Config, and make sure you have a check mark on "Show Pre/Post Market" (Red Circled Below) Best of luck.
  7. 3 points
    ANOTHER UPDATE --- SOLVED MY PLATFORM DELAY ISSUE. WORKS GREAT!!!! So my issue with a few seconds delay between any order is finally fixed. In short, I installed the platform again on a completely different folder per recommendation from DAS. So I no longer have my platform freeze after every order or every time a pending order gets filled. It's a breath of fresh air....finally. Long story...my problem with seconds of delay freezing up my platform was feeling like it was getting worse....like 5 seconds where I can't do anything on my platform every time I place an order or when one gets filled. Finally I was playing around in SIM and Trade Replay and noticed the same thing happened, which is odd since it's just SIM and as far as I know, does NOT need any communication with TD. I had contacted DAS several times and tried all the usual things: updating platform, uninstall/reinstall, even changed my internet service provider for faster connection. Now that I made the connection of the delay happening in Trade Replay (I just recently signed up for replay), I knew it had to be my platform. I contacted DAS and they told me to reinstall in another folder and thankfully it now works as I hoped.
  8. 3 points
    The Money Zone is where 70% of the volume was traded on a given day. It can use it with das trader. Its in the study config/volume by price/config button and check the show volume area box. to use it go to the previous day and mark the value area high, value area low. you can then use the marked area to judge the type trading day for the upcoming session. in this example NIO is opening above vale and above yesterdays range. this signals bullish strength and should have you looking to take a long position if your bias is confirmed. This can also use this with a longer time frame. when we go back 5 days and see NIO has been consolidating. Mark the Money Zone area for this expanded timeframe and you can see after 3 days NIO dropped below the lower value area and quickly bought back up to the top of the value area. the next day NIO sold off in the morning and was quickly bought back up to close above value . This is signaling a possible rejection of value and a possible move to new value ahead. another confirmation of strength in this move is the pivot point relationship. it is an inside value relationship with a narrow pivot range further confirming the possibility of searching for new value. as we can see it didn't even stop to test the value area high before looking for higher value area.
  9. 3 points
    Hello Bear Bull Traders, This TradeBook is a collection of trading strategies that the moderators within our community trade throughout the day. It is designed to assist you in understanding the setups that our moderators discuss in the chatroom. The information contained within each of these strategies can also be used as a starting point in your own journey to create a personalized strategy. It is highly recommended that you begin testing any strategy in your simulator before attempting to trade with real money. Sincerely, Bear Bull Traders Team SEE BELOW THE UPDATED VERSION..... BBT TradeBook.pdf
  10. 3 points
    I like to create custom spoken alerts using Amazon's Polly. (my favorite voice is Emma). My most recent custom alert audio (and new favorite) is attached as an mp3. If you want to add it to your alerts, you will need the WAV file which is located here: DOWNLOAD "STOP TRADING" ALERT WAV Then place the WAV file in your DAS main folder and set up your alert as shown in the attached screenshot. Russell Landwehr Stop Trading alert.mp3
  11. 2 points
    I'll get this started. My name is Lee and I'm in Atlanta, GA. I'm somewhat new to day trading, but not new to swings and long term investing. I've been studying various types of trading for years and have been successful at swings and long term. After a 15 year stint in corporate and municipal finance, I decided it was time for something else. Day trading has become that. I'm in the DAS simulator now and am learning new strategies, risk management, and understanding the psychology of trading. I'm grateful that I found Andrew and this group. So far, I'm enjoying it and am looking forward to a successful career. So speak up! Introduce yourself!
  12. 2 points
    Hi Everyone, I am embarking on one of the exercises that Mike B has done and documented based on the writings of Mark Douglas. My goals during this exercise are the following. Goals: No micromanaging, or reflexive trading. Pre-determine entries and exits. 20 trade sample size with a defined edge. 3-4 sets of trade sample with journaling. R = $200 Daily R goals 2.5 R Max daily R loss 1.5R Edge Defined I wanted to develop my own edge based on my strength and weakness. From my journaling, and self assessment, my strength and weakness are listed below. Strength: High Risk Tolerance // Without proper use of Risk Control, this is my one huge liability. Good read of price action and Candle stick analysis Consistent Big R days. 7-20 R days. Weakness: Undisciplined Risk management FOMO, when using smaller time frames Big risky addons Big Volatility in profits and loss Micromanaging during the trade Strategy: 30 MIn ORB. Based on my experience and observation, using a longer time frame allows me to stay more in the pocket of a trade, using a bigger and well defined stops, and exits. First trade can be conducted at the open, if a well defined price range established. Else, the first trade will be conducted after the first 30 mins of ORB. Criteria for Entry: Once the price is at the top or the bottom of the range, we can take a long or short, pending on the strength and volume of the candles. For considerations for long or short, we will look at the overall trend on the daily, weekly, Pre-mkt high/low, and previous days open/close and the pivot points. Once I am ready for an entry, I will observe the 2/5 min candles, and find the lowest volume candle. The candles that follows the low volume, must have more then 1.5 x higher then the lowest volume candle, and it must move in the direction of the long or short. Long can be from the bottom of the range, or breaking out at the top. Good long entry on a bullish stock is the 9/20 trade. If the price is breaking at the top of the range, wait for a pull back (9/20), and a rising volume for the 2nd breakout point for entry. If the price is at the bottom of the range, and playing for long, wait for the first bullish candle with volume. One strong indicator that may show a sign of reverse is the spin top candle. Preferably, with a small to medium body, and long wicks. Price pivots on the 5 min is useful on price change. Most important, price range established by the 30 min ORB is very important. **Short plays will be just the opposite from above. ====================== Stock Watchlist ==================== Float - High or Medium float. > 50 Mil. Catalyst - n/a but big news is always considered. Price Spread = < .03 Volume = Higher then the normal Volume. Exchange = Nasdaq ===================== Trade management ===================== If the entry is within the 30 min range, the target exit will be the high or low of that range, pending on the long/short strategy. Stop is placed using the Kyle's dynamic hotkey with a fixed $ size equal to 1R($35). 1st partial 50% = > 1R #b/e stop placed 2nd Partial 50% = 1/2 ATR or other technical levels. #b/e stop placed Trail stop placed at 20ma of the 5 min candle implemented after 2nd partial. .25 R invested. B/E stop is removed. Share Size: Pending on Kyle's hot key. It is fixed dollar amount, and the size is dependent on the stock price. **3/4/2022*************** New trade management addedum. Take partials on losing trade to minimize risk. Also, 1st partial pending on the movement and stop size, anywhere between 20% to 50% to 100%. Biggest thing is the idea of taking partials only when green is not ideal. If the price moves against you, why wait for the stop out. Reduce your exposure, and give it a chance to play out, else stop out or close out. See this post from 3/4 for more details of implementation and the psychology behind it. **************************** Add ons. If the price is moving in the right direction, using the ABCD setup, add on 1R, if the price has not exceeded the daily ATR and the price is supported with Volume. If the price moves without volume, use caution. Possible trap setup. Day Trade Mental Check List ————————————————— Do you have a direction bias on the price? I have accepted on the unpredictability of the market. Are you certain on the momentum of a position to add on aggressively? One entry, one risk, one trade at a time. No more add ons, unless the trade is working extremely well. I believe the opportunities to make good trades are in abundance and money flows through me. Are you willing to bet on a position when it is extended? There is always a risk. Best to use your risk controls, and do not abandon it. Do you have the stops and risk control in place? I am confident on my trades, but the risk control is there to assist me, not to hinder me. Better the small daily loss, then large. Are you entries well defined technical levels, and the stops and targets defined? I plan my entries, stops, and target exits within 30 min range. Holding anything longer is just a lost cause. Entries will always be low for long, and high for short. I will have the patience to wait for the price levels to be crossed when playing a position. ================================== Technical Check off before each trade. ================================= what is the Ticker? What is the size position or Risk Level? What is the entry price level? What is the stop level? What is the target exit? What are the daily, pre-market, and moving averages? How does the L2 coincide with the technical levels above. Is the entry extended? If yes and a continuation, consider a smaller R value. Is there a large wick, that the 30 min candle closed on, that the price can retest? are the entry, stop and exit near a technical level, cam pivot, daily levels, moving average? *check diff time frames. If not a continuation, is it channeling, or sign of a selloff, or a reversal? Are we trading off the 30 min ORB, or pre-market range? If not, use smaller risk value, and bigger stops. Do not add on, unless it has moved to a different technical level, not on the first minor pullback. If trading a reversal, wait for the price hit the liquidation mark, and the moving averages and the candles to level off, and show a sign of either support or resistance, pending on the direction change. Did we check other time frames to see if the technicals of the moving average, and levels coincide with the L2 depth? How can you use the 9/20 as an entry signal? use the crossover indicators on the 2 min chart.
  13. 2 points
  14. 2 points
    Ever wanted to swap line styles on the fly and make a rainbow on your chart? You can do that in The hotkey isn't the easiest to understand, so I very quickly made a web utility for you (link below). How to Use: Go to URL: http://kaelmedia.com/projects/das-line-config/ Select a Line Type, default is HorzLine Select a Line Style, default is SolidLine Select a Color, default is Barney Select a Width, default is 1 Hit "Generate" Glance at the preview window and see if it is what you wanted. If it is, hit the "Copy" button and it'll be placed in your computers Clipboard. If you wish to share you creation, press the "Share" button and a special link will be placed on your clipboard to post in the forums. Example: http://kaelmedia.com/projects/das-line-config/?hotkey=ConfigTrendLine horzline dotline:035aab:1; Paste the copied hotkey (looks like: ConfigTrendLine horzline dotline:035aab:1; ) into your DAS Hotkey Configuration. Optionally, bookmark or save the line so you can edit it in the future (it adds the settings to the browsers URI/URL). How the Hotkey Works: The hotkey as designed will swap the DEFAULT config for the Line Type chosen, each type has one default stored for the user. So if trigger a hotkey with a horizontal line with a blue color, your very next (and all following lines) horizontal line you trigger on the chart will be that configuration (blue). Because of this, I have a "default line" hotkey and a series of colored hotkeys, this allows me to toggle back and fourth. Advanced Uses: Go HERE.
  15. 2 points
    Hi PeterB, That's the problem with finding hotkeys through the forum, as they may not be correct nor thoroughly tested against multiple scenarios. The problem with that particular hotkey is that the STOP is not a Trigger Order - so yes, you are right that part of the issue is the Share portion, but the overarching issue is trying to send a STOP as a standard order right after another order when part of the same script. When users do this, they don't realize that the two orders will arrive at the same time, so the variables will be the exact same as they pull from the program state the same. So although one order is taking 25% off, the other could still be referencing the pre-25% off value .. I assume the creator of that hotkey tried to address this by predetermining the Share qty and likely just copied the Pos+Share / Pos-Share variable from another non-related script. Users will tend to take two hotkeys and mash them together, which leads to unintended consequences like you've seen. In general, STOPS should not be sent until the primary order has executed which is what the TO does. It should look like this (this is how the partials I've released look): LONG: CXL ALLSYMB; ROUTE=SMRTL; Price=BID-0.05;Price=Round2; Share=Pos*0.5; TIF=DAY+; SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AVGCOST QTY:POS TIF:DAY ACT:SELL; SHORT: CXL ALLSYMB; ROUTE=SMRTL; Price=ASK+0.05;Price=Round2; Share=Pos*0.5; TIF=DAY+; BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AVGCOST QTY:POS TIF:DAY ACT:BUY; For the most part, all of the hotkeys I've built/tested are in the standard Excel file (linked in the usual place: DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1 - DAS Trader Pro Tips and Tricks - Bear Bull Traders Forums ). We'd police this type of thing more aggressively, but users copy / paste hotkeys so frequently that it becomes a game of whack-a-mole. It's why we have official BBT (and my own) lists / files available.
  16. 2 points
    Hey guys, My name is Chris Bowling. I am excited to meet and get to know others in the Bear Bull Traders community. I already love Day Trading and I am committed to learning and growing. A little bit about myself. I played a trading card game when I was a kid, won the U.S. national championships, and became one of the best players in the world. In my early 20's, I found poker and became profitable after 1 month of playing. Since then, I have played millions of hands, and still play for a living, playing 5-6 tables online when I play. In the last 5 years, I have really got into investing and have read all kinds of value investing books, build DCF models, and really just love everything about the market. I found Day Trading recently and just got my simulator up. I can already see tons of parallels for me with poker. I feel Day Trading is similar to what I already do, but I can potentially compete for more money. Becoming a profitable Day Trader and living that lifestyle would be a dream come true to me! Look forward to learning and growing with everyone else! I except to post lots of questions in the forums and look forward to chatting with you all! -Chris
  17. 2 points
    I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!
  18. 2 points
  19. 2 points
    ATR on daily for last 14 days - it is the average expected move for the day if your stock moves $2.18 on average last 14 days and the stock is gapping up $1.95 you cant expect much break outs to the upper side therefore i would not be looking at the stock for a break out at all. actually i have marked such a trade as a mistake going for such stock. its experience. do they work sometimes? yes. do the work most of the times? not for me statistically therefore i need to avoid those. see your own stats and check your past trades and their relation to the ATR i count in the pre-market move into the daily ATR (all credits to @Aiman) Example. EXPE on 6.8.2021 gapping down below pivot point and 200MA on daily. you would expect it to sink on the day it moved still the whole ATR in first 5 minutes not breaking down further allthough doing descending triangle for a break down. i would not trade it even as a 1min or 2min ORB just because of the big gap. there are just better trades to take. notice the daily volume.
  20. 2 points
    basically you did nothing wrong and the setup just failed i have a different view on ORBs as i was struggling with them as you do and this is how i did them. i have developed this approach as it is so much more simple and you can be prepared for it even before market open. i call it 4 premarket candles ORB or 4PC ORB 1. get a bias based on gap or daily chart - long or short 2. check the last 4 premarket candles - best if they are in a flat range 3. take the break of the range in the direction of your bias from point 1 here are some of my trades. i can send you plenty examples if you like
  21. 2 points
    Hello Ahmer, You can watch the following.. https://bearbulltraders.com/course/technology-essentials/lesson/scanners/topic/das-scanners-and-alerts/ Best of luck.
  22. 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.
  23. 2 points
  24. 2 points
    I will point out that this isn't necessarily new, I just wanted to figure it out for myself and my exact situation (I learn best that way). I know there are references in other posts to similar scripts (maybe even ones that do the exact same). If there is one out there, please don't assume this is plagiarized
  25. 2 points
    its the 2 if you partial half of your position at 2R and you get stopped at break-even you can say you made 1R on the trade if the R is $10 and you end up with $17,5 you can say you did 1 and 3/4R if you are just starting i would recomend you to do all out at once as partialling complicates things a bit and promotes bad habits
  26. 2 points
    In my opinion only.........ORBs are great if u couple it with learning to READ THE TAPE. Especially ORBs taken before 5 minutes when volume may be sketchy ( in the first minute and limited with only 1 min candles). Tape reading will allow u to understand the initiation of Bullish/Bearish pressure before it becomes obvious. With a little understanding and a few weeks of practice u can add this skill to ur arsenal to tackle the markets. See here to explore more about reading the tape (L2 and T&S): https://forums.bearbulltraders.com/topic/1916-bookmap-for-learning-level-2-and-ts/?tab=comments#comment-14463
  27. 2 points
    if you can prove to CMEG that you have been sending the correct order (from DAS logs) and they did not accept it they will pay you back your lost money. i did that once without any hassle and for future reference this is from DAS manual: so if it does not work as it is supposed to work you should report to DAS directly
  28. 2 points
    you can switch the latest DAS to the new config screen as explained in this video
  29. 2 points
    I got you Gator. Fortunately I do what you are asking all the time. Here's my hotbutton layout for reference, but what you are asking only needs pieces of it. There are 3 Steps to do what you require: 1) I enter the trade with a double click at my desired stop price, and then I click either of these hotbuttons. 2) If I want to take a partial at a specific price I first specify what % I want to take off of my current position with these. 3) I then double click where I want to take said partial on the chart and click either of these. Here's the hotbutton scripts associated with each step: 1) [L] Ask: StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=50/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; [SS] Bid: StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=50/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; 2) [Pos] 10%: Share=Pos * 0.10; Etcetera... 3) [P] Set Price (Green): ROUTE=LIMIT; TIF=DAY+; SSHARE=0 ;SELL=Send; [P] Set Price (Red): ROUTE=LIMIT; TIF=DAY+; SSHARE=0 ; BUY=Send; See you in chat fella.
  30. 2 points
    this triggering is not possible in DAS as far as i know but you can bypass it by inserting a 1 share future partial order which can automatically set your stop loss to BE which is commonly used hotkey
  31. 2 points
    Dear everybody, My name is Mauro, 36yo. I am Italian working in Germany as engineer in the space industry. I got very fascinated by the trading so I decided to give a try to this new possible career. However, since the first I have found difficulties due to my first job, which is based on careful risk assessments for everything and no room for errors. I decided to join a community, but unfortunately things got even worse: i have learned a lot of things but they were too focused to "don't loose money".. so i have started to trade "not to loose"... that was very painful for my self confidence. I took a short break and changed community looking for a better match with my personality Now it's been a couple of months that I am part of bearbull and i decided to have a new start I like this new environment! See you in chat and in the forum!
  32. 2 points
    Hi all. My name is Leon, 41 from the UK. I am a brand new trader, currently swing trading forex in the simulator but I am starting to feel day trading stocks may be more suitable for me. I have read one of Andrews books and that led me to this group. I am looking forward to learning and trading together with you all.
  33. 2 points
    I ran into a problem when I changed the target to 1.5 (instead of an even number) (I also changed the script to a market entry instead of limit) anyway, the problem: Randomly the TriggerOrder wouldn't flow. It wouldn't give an error or anything, it just wouldn't show up. I fixed the problem by adding Price=Round2; after the StopPrice*1.5; (and also in the same place on the Short version of the script) Now the TriggerOrders execute smoothly every time. Best, Russell Landwehr
  34. 2 points
    Apoyo lo de las reuniones por zoom, y quizá podríamos hacer una sesión de ayuda entre todos una vez a la semana
  35. 2 points
    My observation has been lower RVOL on Friday…harder to rely on patterns. On Friday, watch those RVOLs! Working on one or more scanners to find the non-traditional moves. I trade with a few members of the community every morning via Zoom. It helps to have more eyes on the market, calling out patterns & strays (yes…I’m an Avengers fan!). More than one of us experienced little follow-though today. You have to be ready to re-enter when the move you’re expecting occurs, even if it takes a couple tries. Yes…three displays…one for Montage, one for watch charts, and one for scanners.
  36. 2 points
    This feature was recently added in version (check your version by going to Help> About). In the Account window, right-click the account and select Reset BP/Equity. Update your Equity, Daily BP, and Over Night BP.
  37. 2 points
    hi Mathias, i have just opened an IB EU acount with 5k on it and the margin is indeed risk-based and every time different. some times i am able to buy stock for 20k sometimes it does not allow me to do so. its annoying but not much can be done. with CMEG broker you get 1:6 and you can use it fully without any limits but their commission pricing is high now. The margin with IB EU is 1:6.66 actually anyway if you start with small risk then you will be most probably fine.
  38. 2 points
    it is not a broker issue. it is the fact that your broker has less stocks shortable therefore you cannot put an order to sell for positions you have a stop loss order present as it would mean you submit a new order. the solution is to cancel previous order in the partialing hotkey - add CXL ALLSYMB; at the start of all your partial/exit scripts some broker require specific contract to be signed for low float penny stocks. also IB has it. you need to have some net worth too for those.
  39. 2 points
    I just switched to DAS with TDA. I was with IB before. So far, I haven't noticed any major problems with fills. I have had a couple instances of bad slippage, but might have happened anyway regardless of the broker because I got stopped on a breakout. I am trading small size and doing lots of scalps, so the savings in commissions is definitely worth it. When I start increasing my trade size and profits, I will probably switch back to IB. In my first couple weeks, these are the differences I noticed: Need to change all my hotkeys to LIMIT and MARKET instead of SMRTL and SMRTM. No problem. Otherwise, it was really easy to switch from DAS IB to DAS TDA It seems TDA will not allow me to close my position or close part of my position if I have a stop in place. I don't like this because I like to partial and then edit my stop after. Keeping the old stop keeps the little order marker on my the chart showing me visually where my stop was and I can click on my order and just replace my share quantity without redoing the stop. This is not a huge issue, but it is more work for me. I think TDA might be trying to protect people from accidentally forgetting they have a stop order and then get filled the opposite direction without knowing. Personally, I like that IB gives you the freedom to do anything you want even if it might not make sense for most people. When I click to buy/sell, there is a delay in DAS showing my order in the platform...less than one second, but for those milliseconds I wonder if I was filled and what price I was filled. I think it's just the delay in the data showing the platform and not the actual price filled. So for example, if I was going long, I hit buy...the price keeps moving up and after a slight delay I see the trade triangle where I was filled and it is usually better than where the price is currently trading. The delay is a little annoying since I like quick scalps, but it looks like I get filled where I expected. TD free commissions does not apply to every ticker or instrument. Honestly, I haven't figured out which stocks have commission or not, maybe the OTC ones (?). I will research this later since I just got started here. There were also some names I can trade on IB, but not on DAS TD, like JUVAF. Again, I am not sure why (not short locate problem because I was long). Perhaps it was foreign - I don't know. Hope this helps!
  40. 2 points
    Fellow Bear Bull Traders, I would like to share with you the Equity Simulator. Another possible name for it could be Expectations Manager. What the tool does: The tool calculates the likely Equity curve and distribution of daily R given the probability of R outcomes in every trade. It also compares the Equity curve when using a Fixed amount R vs using R as a % of Equity. Motivation: As part of my Trading plan, I've set rules for increasing and decreasing position size based on my trading results, as well as moving from Live to Sim and vice versa. But I was feeling that these rules were quite arbitrary - I was wondering how many Red/Green days a week/month I should reasonably expect in the long run, and what kind of profitability I would actually need to meet my goals. Learning how to execute each trade properly is paramount but I felt this would add some perspective and peace ("do I really have to have red days, given my win rate?":) Alternatives: EdgeWonk analyzes individual trades and seeks for potential improvement in entries, exits, and trade management in general. (thanks @KyleK29 for the suggestion) In contrast, this Simulator can't be used for tweaking individual strategies - it focuses more on the bigger picture and your average trading results. It could be however used to compare your results using two styles of trade management - e.g. Style 1 : 60% chance of -1R, 40% chance of 2R vs Style 2: 80% chance of -1R, 20% chance of 4R Further comments can be found in individual cells and on the second sheet. Please let me know any suggestions or questions. Link to the Excel file: https://drive.google.com/file/d/1SUEfrZskJOWpwASR7sUvB2LnOrkxgF2d/view?usp=sharing Have a nice day and don't forget to hold the line! JanJ
  41. 2 points
    After listening to the Mastering Trading Psychology Audiobook by Andrew and Mike, I'm proud to say I've taken some very positive steps in my lifestyle choices. I got myself an Exercise Bike in February and have been doing a daily workout where I never really exercised at all (unless you count running around after 3 kids exercise). 3 Weeks ago, I was having beer almost daily, and from 2 weeks ago, now only having some at the weekend instead. And from today, I've cut out coffee during the week. Along with missing breakfast most mornings, I decided to kill 2 birds with 1 stone and make my own fruit smoothies - I get my breakfast, and my morning drink. Feel good about the changes I'm making and it's thanks to listening to that audiobook - Thanks Guys.
  42. 2 points
  43. 2 points
    Just wanted to come back and answer my own question on this, in case someone else needs it in the future. You can place alerts more quickly now by clicking on the chart. 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.
  44. 2 points
    Kykle K created some hotkey scripts for marking the levels on the chart with different colored horizontal lines. I use this instead of manually editing the horizontal line configuration each time you want a different line style. It works in the newest version of Das. Green: ConfigTrendLine HorzLine DashLine:00bf00:2; HorizontalLine; Orange: ConfigTrendLine HorzLine DashLine:ff860d:2; HorizontalLine; Pink: ConfigTrendLine HorzLine DashLine:ff0080:2; HorizontalLine; Red: ConfigTrendLine HorzLine DashLine:ff3737:2; HorizontalLine; Black: ConfigTrendLine HorzLine DotLine:000000:1; Blue Dashed Line: ConfigTrendLine HorzLine DashLine:0000FF; HorizontalLine; Blue Solid Line with Width of 2: ConfigTrendLine HorzLine Line:0000FF:2; HorizontalLine;
  45. 2 points
    Hi Mario, Falcon builds really quality systems, but they do come with a pretty high price tag. I am an IT consultant so naturally, I have the skills for this lol. I built my own machine with parts from my local computer store (Microcenter) for around $2,500. Mind you, I went completely overkill because my trading platform (Tradestation) is a real resource monster and you need to have some heavy processing power in order for it to run properly. DAS isn't as nearly intensive as TradeStation, but you do want to ensure you build something that won't become obsolete in the next 2 years. Especially with how frequently Microsoft is updating Windows 10, each update comes with a bit of a hit on certain areas of performance. Also just be mindful that the more monitors you wish to add, the more power you will need. Here's my system: 1x Intel i7 6800K CPU (processor) that is water-cooled and overclocked to 4.2 GHz. 32 GB's of high performance RAM 1x Samsung EVO 950 Pro (NVMe), 256B SSD (Solid State) - For Windows and applications 1x Crucial 525MX, 525GB SSD - For profile data and basic user data 1x Western Digital 3 TB 7200RPM Mechanical drive - for bulk data like image files 2x nVidia GTX 970 video cards 1x Corsair H110ti water cooler (for CPU) 1x Asus STRIX X99 Gaming motherboard 1x Corsair 750 Watt power supply 6x Acer 24" LED LCD monitors mounted on a HEX stand that is mounted to my desk 1x NEC monitor that is rotated for portrait mode and has the chatroom, Outlook and other apps on it 2x Dell keyboards. 1 keyboard is used for normal input, the second keyboard I used a free program called HIDMacros that allowed me to program any key to executed a macro or command. So the number pad on my second keyboard handles all of the order entry commands for my platform. Windows 7 Pro Remember, I went overboard because of my platform and since I am an IT guy, I figured "why the hell not?". Plus, it was a business write-off :) You will often find that "gaming" computers are best suited for day trading, but they sometimes have video cards that are complete overkill. As I mentioned above the specs of my machine, the more monitors you wish to have, the more video processing and hardware power you will need. MOST video cards can support up to 4 monitors on 1 card. If you want more than 1 monitor, than you will likely need 2 video cards. On-board video may be an option, but some manufactures will disable the on-board video if an add-on video card is detected. However, here's a breakdown of the BARE MINIMUM you need for a decent trading workstation: Processor (CPU): Minimum of an Intel Core i7 series processor. Most of these processors are fine and the latest generation (7th generation) is sufficient to handle the load. Ideally you want a processor with a higher clock speed (measured in GHz) as this will crunch numbers and data faster. Memory (RAM): NO less than 16GB's (Gigabytes) of memory. 32 is perfect, but 16 will do the job as well. The more memory you have, the more responsive programs are and the more space a program is given to store instructions that it needs quickly. Storage (Hard Drive Space): Hard Drive capacity is measured in Gigabytes and sometimes Terabytes depending on the type of drive. This isn't super important to your trading computer unless you plan on using your trading computer for other tasks, at which point, you will likely need more space. However, the most important take-away here is you want your primary hard drive (the "C-Drive" where Windows and your programs live) to be a Solid State Drive (SSD). These come in many forms, but the BEST option here is what is called an NVME drive. This type of drive plugs DIRECTLY into the motherboard. These are the fastest drives available now. The other type of solid state drive which is still a good option and good enough for trading is a regular 2.5" solid state drive that connects via a SATA data cable to a SATA port on your motherboard. This isn't as fast as the NVME drive you plug directly into your motherboard, but if you are on a budget it will suffice. The third and final type of drive to avoid unless you need a buttload of space is a standard 7200 RPM mechanical drive. These are the drives that have been around forever and the drives that moving parts (they have discs in them that spin around). These drives are slower and have a higher failure rate. Motherboard: The motherboard is the most important piece to the puzzle here since it connects all of the components and makes them "Talk" to each other. Naturally, you want a board that is compatible with your processor but also powerful enough and offers enough expansive capacity to ensure you will be able to add more memory (RAM), additional hard drives, and most importantly, additional video cards if needed. Once again, most of the gaming motherboards will fit the bill here. If you plan to have more than 3-4 monitors then you will need to ensure the motherboard you get has the ability to add another video card. You will want a board with at least 2x PCIe (PCI Express) x8 slots. Newer boards have x16 slots which is even better (the x8 or x16 signifies the speed at which the port can operate. Newer cards need the higher speed to operate more effectively, but this is more for gaming than trading). Also ensure the board offers gigabit LAN. This is a default on almost all boards nowadays, but I have seen a few lower-end boards that only offer 10/100 speed for the LAN (rather than 10/100/1000 or 'Gigabit'). Video Cards (GPU): I discussed this above with how many monitors you plan to add to your system. I prefer the NVidia cards as they are reasonably priced and they offer lots of power. You do not need the absolute latest $700 video card that has 5 GB's of RAM. This is total overkill (unless you plan to game). Any of the lower-end 10x series or even the higher numbered 9x series cards will do the job. Each of the video cards will be independent. Gamers tend to use what is called 'SLI' to make 2 cards act like one, but that is not the case here since we just need extra monitor space. Just be sure if you want more than one video card you see my notes on the motherboard above. Case: The case is something that you can have a little fun with. This is where all of the pieces of the computer live. People tend to get creative with these and get cases with windows and lights and all sorts of fancy stuff. This is entirely up to you. The most important take-away on the case is that it MUST support proper cooling. Most cases have 2x 80mm or 120mm fans in them. The more fans the more air is moving through the case to keep the internal components cool. If your goods overheat, then your machine will shut down and could potentially fry. So make sure you find a case with decent cooling capacity. Power Supply (PSU): The power supply or PSU is what provides power to all of the components. There are calculators out there that can help you determine based on what you plan to buy how large of a PSU you will need. My rule of thumb is do not go for anything less than 500 Watts. If you plan to have additional hard drives and video cards, then you will likely need a 750-1000 Watt PSU. Also, do not buy a cheap unit here. You want something that is robust and ideally, a modular power supply. These units provide the power to all of the components. If the PSU is providing crappy quality power, then you can expect crappy performance or fried components. Do not skimp on the power supply! Cooling: One final piece I am going to add here and it relates to everything else is that you need to ensure your system is properly cooled. A computer that is improperly cooled will perform poorly and you will end up replacing parts far sooner than you should. Proper cooling primarily comes from the case (discussed above), but other environmental factors such as location of the computer (is it near a heat vent, placed in a hot room, etc) will also affect the cooling. The processor is the most important component that needs to be cooled. Depending on which CPU you get, it will either come with a factory CPU cooler, or it won't come with anything. You DO NOT need to get a water-cooled system. This is ONLY for people like me who are a bit crazy and like to push their hardware to the absolute extreme. For day trading, a simple air cooler is more than enough for the processor. "Tower Coolers" as they are known do an incredible job of keeping the CPU nice and cool even under a heavy load. If you plan to go all out with high-end cards, a high-end CPU and you plan to game, day trade, edit videos and all sorts of stuff, then you will need liquid cooling. But the point of this thread is for a DAY TRADING system. so no overkill needed! I believe I about covered everything here. I probably made your head explode with even more questions, but that's what we are here for! I also apologize for the mess in my office in the pictures above. I need to re-organize my office at some point, but I had back surgery a few months ago, so moving anything is off the table for now. Although they do so that a disorganized desk is the sign of an intelligent mind.... Please feel free to ask any follow up questions. I didn't post links to specific hardware or websites since you can get this stuff from pretty much anywhere for very close to price. I have found that Microcenter is a lot cheaper than NewEgg and Amazon are. But if you don't have a Microcenter near you, you will have to order from elsewhere.
  46. 1 point
    this seems to work for long position CXL ALLSYMB;Route=STOP;StopPrice=Bid*0.99;Price=ASk*1.01;Price=Round2;StopPrice=Round2;StopType=RangeMKT;LowPrice=StopPrice;HighPrice=Price;Sell=Send for short position CXL ALLSYMB;Route=STOP;StopPrice=Bid*0.99;Price=ASk*1.01;Price=Round2;StopPrice=Round2;StopType=RangeMKT;LowPrice=StopPrice;HighPrice=Price;Buy=Send it will set the stop orders 1% above ask and 1% below bid then you can drag them where you need it
  47. 1 point
    1. you clicked wrongly in the chart to set the stop 2. 39.58-30.30 equals 9.28 not 0.71 the idea behind the hotkey is that you click where you want the stop to be and it counts the number of shares to get you the proper number of shares with current price so you risk the desired dollar amount each trade no matter what priced stock you trade (some rounding and slip can occur due various reasons)
  48. 1 point
    Hello BBT, I am a new member of BBT community. I opened my account with Rabinhood and it was my 1st experience buying stock. I was trying to day trade using Rabinhood. My knowledge was very low about all technical indicators. I only learned different orders type from the apps. I made $200 within few minutes. I was so excited but within next 30 minutes I lost almost $1000. I felt so bad. Finally I started reading books and switched to TDA. Now I joined BBT as a trial member and learning DAS. This community is very helpful and so far my experience is great with BBT. Thank you.
  49. 1 point
    Wow Russell - thanks for this info! I had the same exact problem when changing it to 1.5 and gave up, just figured it was too much math/decimals for it to work. Thanks for the solution!
  50. 1 point
    Hi Sue and Welcome to the BBT Community!! If there is anything we can assist with getting you started in simulation let us know. You will also find ur forums have tons of information from staff and members. Looking forward to seen you in the chatroom! Welcome! Carlos
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