Hello all. Sorry for the Necro post, but can someone answer a (probably) silly question?
A few days ago in the BBT Chat during market hours, one of the moderators told a member (I believe it was James) that using Kyles Dynamically Calculated Shares hotkey. I got the script and tested it out. It works how I understand it to work, but then while reviewing some of the dastrader pro setup videos, I re-watched the 1:2 Risk Reward hotkey video. This seemed to be more inline with what I originally imagined doing when I first read Andrew's book. So I searched for the Hotkey and found this thread.
This thread mentions a third script, Equalized Risk Per Trade Script, but I am unsure if it is essentially the same thing as the dynamically calculated shares hotkey?
If its not too much trouble, can someone explain in layman terms what the difference is between the three scripts? For example, does the Dynamic script not set an actual stop loss? That kind of thing.
I like the idea of using a fixed dollar amount so I get use to risking that much, especially when I go live, but I am still getting use to hotkeys and which I like best.
Thanks very much. I hope everyone has a good Memorial Day weekend.