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Matt last won the day on November 13 2023
Matt had the most liked content!
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General Tip: Create An ATR Daily Chart
Matt replied to KyleK29's topic in DAS Trader Pro Tips and Tricks
I don't have your talent and your knowledge in Das hotkey, but I'll get started on it. Thanks for all the tips in your blogs by the way. They are very usefull.- 11 replies
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General Tip: Create An ATR Daily Chart
Matt replied to KyleK29's topic in DAS Trader Pro Tips and Tricks
From my end, I frequently employ the Moving Average Bands (MAB) ATR indicator on TradingView. (it's free after all!) (mab) ATR Band — Indicator by happymab — TradingView The ATR Band calculator on TradingView derives its calculations from the opening, which may not reflect the true ATR. Nonetheless, it proves highly beneficial, especially when trading gap stocks. I did try your solution, PeterB, but activating the advanced features caused some of my other hotkeys to stop working.- 11 replies
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Matt started following General Tip: Create An ATR Daily Chart
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Hello, if like me you are using a simulator and you want to get a realistic idea of broker costs associated with trading, here is a Python script that will allow you to estimate fees per ticker. When I trade a ticker more then once, I divide the total transaction price in my journal. To use it, you need to copy the "trade" spreadsheet from Das Trader into the Python prompt. The calculations are based on IBKR's fixed costs. Here's a video demonstrating how to use it: I can't attach python files so here the code: # Function to get the table from the user def get_table_from_prompt(): print("Please copy and paste the table (press Enter twice to finish):") table = [] while True: line = input() if not line: break table.append(line.split()) return table # Function to calculate transaction fees def calculate_transaction_fee(num_shares, share_price): commission = round(num_shares * 0.005, 2) + num_shares * share_price * 0.000008 + min(0.000145 * num_shares, 7.27) # Apply a minimum of $1 per transaction commission = max(commission, 1.00) # Apply a max of 1% per transaction total_cost_one_percent = round(num_shares * share_price * 0.01, 2) commission = min(commission, total_cost_one_percent) # Apply maximum commission of 1% return round(commission, 2) # Get the table from the user table = get_table_from_prompt() # Dictionary to store cumulative fees per action cumulative_fees = {} # Calculate fees for each transaction and accumulate fees per action for transaction in table: time, action, transaction_type, num_shares, share_price, _ = transaction fee = calculate_transaction_fee(int(num_shares), float(share_price)) if action not in cumulative_fees: cumulative_fees[action] = 0.0 cumulative_fees[action] += fee # Display cumulative fees per action, rounded to two decimals for action, total_fee in cumulative_fees.items(): total_fee_rounded = round(total_fee, 2) print(f"For action {action}, cumulative fees are {total_fee_rounded} USD.") # Calculate and display cumulative fees for the day daily_cumulative_fees = sum(cumulative_fees.values()) daily_cumulative_fees_rounded = round(daily_cumulative_fees, 2) print(f"\nThe cumulative fees for the day are {daily_cumulative_fees_rounded} USD.") good luck!
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Das Trader Pro and simulator
Matt replied to Kelly Nixon's topic in Day Trading Hardware, Software and Tools
With DAS Simulator, you don't need a IB account. Just the sim and you can try to trade. -
Das Trader Pro and simulator
Matt replied to Kelly Nixon's topic in Day Trading Hardware, Software and Tools
Hi Petromil1985, The DAS trader sim comes with a subscription to live market data feed. So you have real-time data as if you were trading with a real margin account. The only difference is that you don't have broker transaction fees. If you wish, BBT members benefit from a discount offer for a three-month subscription. This subscription is available with replay. Thus, you can download data from any trading day's tickers and practice outside market hours. If you don't take the discount. The replay is available as extra. Last time I check it was 10$US by month. Hope it help! -
Bonjour Traderglobetrotter! Je viens de voir ton message. Je vais t'envoyer un message en privé.
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Matt started following New Chatroom Scanners
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Hi hurdleda! The link are there in step 2. best!
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Hello AlexG7, it's better to ask here: [email protected] the forum is not very active.
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je t'écris aujourd'hui Sponge!
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ATR mark to after open or pre price?
Matt replied to RealEstateDayTrader's topic in Day Trading Strategies
Hi, I trade using the ATR. To see it on a chart, I use TradingView (free version) and I've added the "(mab) ATR Band" indicator to my chart. It's very helpful for seeing the boundaries of the ATR. The indicator is dynamic and changes throughout the day with prices. This prevents me, for example, from taking a short position when the price is already close to the lower limit. For the calculation check this article : Average True Range (ATR) Formula, What It Means, and How to Use It (investopedia.com) -
Hi NirajR, It's live in the Chatroom every week day.
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Try "Pop out" in the config menu of the chart you want to move.
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Hello BBT, My name is Mathieu. In English, I prefer to be called Matt. I live in Quebec. I've been a member of BBT for two months and I've been trading in SIM. My approach is serious. Every morning, we are two BBT French-speaking traders on Messenger. We share our ideas, our successes and our mistakes, as well as our challenges and our hopes. If you speak French and would like to join us, please let me know through this forum. Happy trading! Keep it green!
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trailing stop that follows the VWAP in DAS Trader?
Matt replied to Matt's topic in BBT Trader's Challenge
I think it's not possible in DAS, but I use a trailing stop when I need it.