paqueuc
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Panic Hotkey Pre/Post Market Hours ?
paqueuc replied to Zeckrin's topic in DAS Trader Pro Tips and Tricks
Thanks a lot @peterB Was it a" * " or was it a " - " ? I've tested both and both seemed to work on the long side. On the short side, only the " + " was working. The " * " was not working. Thanks anyway, it was helpful as I didn't see it. Best, -
Panic Hotkey Pre/Post Market Hours ?
paqueuc replied to Zeckrin's topic in DAS Trader Pro Tips and Tricks
And I will have the same issue with the short side, too please. Thanks PeterB -
paqueuc started following Defined Risk Hotkeys for multiple range orders and Panic Hotkey Pre/Post Market Hours ?
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Panic Hotkey Pre/Post Market Hours ?
paqueuc replied to Zeckrin's topic in DAS Trader Pro Tips and Tricks
Hi @peterB, In the same idea, I have a weird thing going on with my "sell 100%" hotkey. Very simple need, get out completely of the remaining position (like the "Panic" button but without exiting the other positions). It used to work but I made a few adjustements on other entry hotkeys and then, this one doesn't work anymore. Here is the script I want to fix: CXL ALLSYMB;ROUTE=SMRTM;Price=BID 0.05;Price=Round2;Share=Pos*1;TIF=DAY+;SELL=Send When I enter a long position with this script : CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=100/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTM;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*5+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*7+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+; I get this type of position : Then, when I press the "sell 100%", Instead of getting everything out like the Panic button, I get this : And pressing Sell 100% again doesn't change anything. I can only exit by pressing the Panic button. In another test with a slightly different code, I could cancel all the existing orders, but the position was still open. Not very useful either. Could you tell what is going wrong, please ? Thanks a lot. Best, Pierre -
Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
Thanks @Day-Meister. I'll test it tomorrow and let you know.- 47 replies
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Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
Hello, Your Hotkey works great, thanks @Day-Meister. I would like to adapt it to my needs = 3 TP instead of 4. 1 TP at 3R 1 TP at 4R 1 TP manual for the rest. 10$ risk trade. I wrote this : Long CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/3;Share=Share*3;TogSShare;ROUTE=LIMIT;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.3 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.3 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.3 TIF:DAY+; Short CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*.97;Price=Price-Bid+0.01;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/3;Share=Share*3;TogSShare;ROUTE=LIMIT;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.3 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.3 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.3 TIF:DAY+; The trouble is that it creates orders with quantities that are not equals on the entry and the exit. Example : It buys 48 shares (entry) and it creates 3 orders (exit) with 15 shares each. On the exit side, I have 15 shares X 3 orders = 45 shares. So when the stop loss is hit, there is still 3 shares in open positions. Sorry, I tweaked it a bit but didn't manage to find the trick yet. Could you help me, please ? Thanks a lot. Best, Pierre- 47 replies
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Yes you're right. So simple, I just didn't think about it. I was in my logic of using the Stream Deck and didn't see anything else. Stupid. Anyway, thanks for the idea. I will give it a try.
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Hello @peterB, Sorry I didn't take time to thank you for your reply. I have to search a bit more. With all the content, I should be able to find my need. The purpose was to be quicker than putting a stop order in the UI. But you are right, it is a simple hotkey so I should be able to find it somewhere. Thanks, Pierre
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Hello, In the break of the High of day strategy, I'm looking for a hotkey that would do : -place a Stop buy order above the current price with one click on the chart (not two clicks like the one described here) . -Set the stop loss automatically at $ 0.8 below (variable that I can change in the script) -Defined risk of $100 (variable that I can change in the script, too). Maybe I have seen this on this Thread but I can't test it right now unfortunately to know if that fits my needs. And of course, if possible, I would like the same one for the Break of the low of day strategy with a Sell stop order placed with one click below the price, please. Last but not least, would it be possible to add a target profit of 1,6 (2:1R, for example) on this script ? If not, not a big deal. Thanks for any help. Best,
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Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
You're right. On paper only as BP decreases when volatility increases. In March 20, I got a margin call, so I understood it very well. Today, I'm focusing on risk per trade only. 6X is just a confortable margin to forget that you have a BP to deal with (under "normal market cconditions", we do agree). PCT just reminds me that this detail also exists and it is fine. I quite agree with you regarding the goal of PCT, I'm here for this exact reason : process and consistency. I'm not looking for a seat at the end of the bootcamp and I don't care if I reach the 10K goal or not. I just want to be consistently profitable at the end of the bootcamp as I'm currently in the breakeven zone since 2 years now.- 47 replies
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Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
Yes @peterB. I do agree. Honnestly, I don't care about the profit target. The rules are clear. I just want to learn and improve. The starting point was that 1% risk / trade commonly seemed to be an acceptable ratio in the real life. As I'm growing, I'm more willing to take less and less risk, even in my real trades. Currently, I'm thinking about 0.5 to .8% / trade. And here at PCT, I was thinking even lower, around 0.3% ($300) just to be able to make a lot of errors and progress. Now, the Buying Power comes in to play in PCT and I didn't see it (That is the reason of my question). In IB, I currently have around a 6X buying power. It never restricted me to have 2 or 3, 1% risk trades on at the same time, so I didn't think of this detail anymore.- 47 replies
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Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
Yes, it makes a lot of sens. Thanks @Day-Meister Sure enough this BP logic is risk free for the broker as a stock may go to 0 but it is rare. Nevertheless, In the PCT account, the BP is 100 K and this will have an impact on my strategies (not letting a profitable partial trade run for the rest of the day as it will impact my possibility of opening a new trade at full size). Thanks a lot.- 47 replies
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Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
Thanks @Day-Meister and @peterB, I'm currently in the Peak Capital Trading demo DAS account. I don't know the BP set on this account. But with Day-Meister's explanation, I got a key that I didn't see before. I'll give it a try. If we are willing to risk a maximum of 1% per trade and dealing with a maximum of 2 trades at the same time, do we need to take this extra caution of reducing our BP by 50 % ? What's the real motivation of doing this ? Before DAS, I was using TWS with IB and never got a margin problem on my live account when I was risking 1% of my account on a single trade. I could even run 2 or 3 trades at the same time without issue. But I don't know how DAS manages - interact with the IB buying power... Thanks for your thoughts on this.- 47 replies
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Defined Risk Hotkeys for multiple range orders
paqueuc replied to Day-Meister's topic in DAS Trader Pro Tips and Tricks
Hi @Day-Meister, Thanks for your script, it works nearly great. I chose the following one (short - $ risk / trade) where I replace the value 50 by 300 in order to have a $ 300 risk trade (capital 100 K) When I replace the value 50 by 100, it works perfectly. I get the good amount of shares so that my total risk = $100. Perfect. But in the script above, when I replace 50 by 300, I don't get a $300 risk. Even stranger, I made 3 trades on AAPL as a test tonight and I got the exact same amount of shares (344) opened, regardless the size of the risk. Example 1 : entry = 145.16 / stop loss = 145.53 => risk = $0.37 / number of shares = 344 / total risk = $127.28 Example 2 : entry = 145.11 / stop loss = 145.2 => risk = $0.09 / number of shares = 344 / total risk = $30.96 Example 3 : entry = 145.32 / stop loss = 145.74 => risk = $0.42 / number of shares = 344 / total risk = $144.48 Did I do something wrong ? Thanks for your help. Best, Pierre- 47 replies
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Yes, you are right. That was a tradeoff I was willing to make but overall, your post for multiple range orders seems to do the job a smarter way. So thanks for sharing this thread and thanks for your help too. I'm going to explore this way and I'll figure out if it is my way to go in a few moments. Best,
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Hi Peter, Im' not sure I understand what you mean. Currently, what I was up to was : 1/ Market order with a stop loss via Kyle's script in a first hotkey. OK, this one works fine. 2/ I would have liked to set up a second hotkey for a Take profit via double clicking on the chart for X% of the position, regardless of the stop loss and R:R. It is not possible this way ? If not, OK, I'll go for a range hotkey, instead. Thanks Peter.
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