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Matt

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Posts posted by Matt

  3. Posted

    Please provide a screenshot with your post so we can help you.

    Quote

    How reliant are most traders to this strategy?

    Personally, I use it as a strategy to take position as one element among many others because, by using only the 5-minute ORB, I find that it lacks the big picture. Often, I prefer to do a premarket range breakout using a daily bias derived from an analysis of the higher time frames. 

  4. Posted

    Hello, I would like to get your opinion on this quote from Thor: "Is there volume, price will move to size. If there is no volume, price will move to least resistance."  

    It comes from this webinar https://bearbulltraders.com/course/webinars-mentorship/lesson/strategy-2/topic/the-art-of-taking-trades-strategies-for-effective-trade-implementation-thor/ on the Bear Bull Traders website.  

    Based on RVOL as a measure of volume, where would you draw the line between "volume" and "no volume"? I find this topic very important, and I would appreciate your opinion.

    It would really help me. If you have any personal observations, I'd love to hear them!

    Thank you!

  10. Posted · Edited by Matt

    Hello,

    I saw in one of @peterB's posts on is Blog that it's possible to add lines with hotkeys in DAS. I would like to add target lines for my 1R and 2R target dynamically when I take a position.

    I tried adding code to Kyle's Hotkey without success.

    Can someone tell me what's wrong with this code?

    If you have any suggestions for improvement, that would be great.

    Thank you!

      

    StopPrice=Price-0.01;
$STOP=Price-0.01;
DefShare=BP*0.97;
Price=Ask-Price+0.01;
SShare=600/Price;
Share=DefShare-SShare;
DefShare=DefShare+SShare;
SShare=Share;
Sshare=DefShare-SShare;
Share=0.5*SShare;
TogSShare;
ROUTE=LIMIT;
Price= Ask+0.05;
$PRICE = Ask;
TIF=DAY;
BUY=Send;DefShare=400;
TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Share TIF:DAY;

$TARGETR=$PRICE-$STOP;
$RISKONE=$PRICE+$TARGETR;
$RISKTWO=$PRICE+($TARGETR*2);
FocusWidow TRADEFIVEMINUTES;
DrawHorzLineWithPrice($RISKONE);
DrawHorzLineWithPrice($RISKTWO);

     

  11. Posted · Edited by Matt

    Hey Dav003,

    In Canada we don't have the PDT rule. Check for INBK it's a good broker. They have office in Montréal. As canadian or Québecois, I feel safe with them.

    For paper trading, if you use DAS Trader Demo subscription, it already have a paper account integrated.

    Good luck!

     

  13. Posted

    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.

  14. Posted · Edited by Matt
    forget the 1% max rules in the code, this is now fixed

    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.

    image.png.4757585d395d07a16afc075fcfdd4ea2.png

    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!

  16. Posted

    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! 

  22. Posted

    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)

    1756123281_ATRrange.thumb.jpg.d887ae31b4a63f076be079e293c79d45.jpg

     

     

  25. Posted

    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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