DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

1 hour ago, noodle said:

ROUTE=MARKET;Price= Ask+0.85

I thought it was clear, perhaps not. basically the formula speadsheet auto calcs the entire code including the above part which I believe is your order type.

2 basic questions:

1: Is this actually proper Market buy order, or is it actually a limit order to buy the current Ask and up to + $0.85 ? If it is a proper market order then whats the point of the ask+0.85?

2: If its a type of limit order, can we specify the limit as a % instead of $ amount?

Hope that makes more sense?

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

Hi  all,

 

I'm using below dynamic hot key, it  calcs based on $ risk and max $position size rather than BP. Im more of a swing trader and usually just use market orders but on smaller stuff still get stuffed enough on the ask that its annoying.

StopPrice=Price-0.01;DefShare=xxxx/PRICE;Price=Ask-Price+0.01;SShare=xxx/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=MARKET;Price= Ask+0.85;TIF=DAY+;BUY=Load;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:GTC;

Is there a way to set the ASK + on a limit order to calculate using a % rather than $ amount? Ie i'm happy to chase the ask up 0.25%, now I could set it at a $ amount, but I trade stocks from $3 up to $1000 so its quite a big difference!  Surely even you day traders get this issue where your happy with a cent above ask on one stock but perhaps 5 cents above on another?

 

Many thanks

 

 

[Hidden market orders IB]

Thanks, ah okay that makes sense about IB and DAS being completely sperate, so IB are not executing the orders at all. 

Yep I think that's probably the way to do it that I can understand, use the $ at risk position sizing code and put my buying buyer to say 50% of my account value so if the buy used all my BP then it would be a 50% position size.  Thanks!

[Hidden market orders IB]

Hi All,

 

Ive been lurking some time on this forum setting up my DAS after getting fed up with TWS. A question on order routing with DAS + IB. I trade moderate size and in TWS always use hidden/ icerberg Market orders. In DAS if entering manually I believe the "Display" box is where you can choose to show x no. shares at  a time? But I have no idea how to incorporate this into the dynamic position sizing hotkeys? 

Is this possible? I believe with IB a default market order should be routed as MARKET or SMRTM? I dont really like to use limit orders as I primarily swing trade and just want to get into the position not run the risk of not being filled due to a few cents, I suppose I could use a limit buy with a large range of +0.5% or so.

- Also, does anyone know what code to put in hotkey to limit position size to max$ amount? I know the dynamic hotkey has max% at risk but i also want to limit the overall max position size.

Many thanks for any advice!