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Matt

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Posts posted by Matt

  2. 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.

  3. 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!

  5. 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! 

  11. 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

     

     

  14. 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!

  17. Posted · Edited by Mathieu

    Certainly, let's explain the terms with a little help from Google and ChatGPT!

    1. **IDAS**
       IDAS is the DAS Trader Pro platform designed for mobile devices.

    2. **TotalView**
       TotalView is Nasdaq's premier data feed, which displays every single quote and order at every price level for Nasdaq-, NYSE-, MKT-, and regional-listed securities on Nasdaq. It provides visibility into all displayed quotes and orders attributed to specific market participants, including access to total displayed anonymous interest.

    3. **IEX Deep**
       DEEP is used to receive real-time depth of book quotations directly from the IEX Exchange. The depth of book quotations received via DEEP provides an aggregated size of resting displayed orders at a specific price and side, without indicating the size or number of individual orders at any price level.

    4. **Forex (Foreign Exchange)**
       Day traders in the foreign exchange (Forex) market engage in buying and selling currency pairs within the same trading day, with the aim of profiting from short-term price movements. Forex is highly liquid, and day traders use leverage to magnify potential gains or losses.

    5. **FLOAT Data**
       In the context of day trading, "FLOAT" typically refers to the public float of a stock. The public float represents the number of shares available for trading by the general public, excluding closely-held shares. Day traders often consider the float when assessing the liquidity and potential price movements of a stock.

    6. **Replay Level 1**
       Traders can use the ability to replay Level 1 market data to analyze their past trades or to practice and refine their strategies. It allows traders to review the last traded price, bid and ask prices available during historical trading sessions.

    7. **ARCA OPRA**
       For day traders, "ARCA OPRA" might refer to options trading data on the NYSE Arca exchange that is reported to the Options Price Reporting Authority (OPRA). This data is crucial for options traders to make informed decisions regarding options contracts listed on the NYSE Arca.

    8. **Level 1**
       Level 1 data, in day trading, provides essential real-time information, including the last trade price, bid price, and ask price. Day traders often use this information to monitor current market conditions and make quick trading decisions.

    9.** Level 2**
    Day traders rely on Level 2 data to gain a deeper understanding of market depth. It includes a list of current buy and sell orders, the number of shares or contracts available at each price level, and quotes from market makers and ECNs. This detailed information helps day traders assess market liquidity and identify potential entry and exit points for their trades.

    voilà! 

    AND the realtime data feed is included in those DAS subscribtion!

  20. Posted

    Hi Yudyud,

    for Tradingview and Bookmap, you can use the feed from a broker like IBK.

    for tradingview

    Quote

    If you have a live account with Interactive Brokers, and you’ve already purchased a real-time data subscription from them, you won’t need to pay for it again to gain access to it on TradingView.

    for Bookmap

    Quote

    Interactive Brokers - Data subscription via dxFeed with trading activity routed to Interactive Brokers

    good luck!

    • Like 1

  21. Posted · Edited by Mathieu

    I had the same question. So I did some research.

    When we look at the compatible data providers on the Bookmap website, Das Trader is not present :

    https://bookmap.com/knowledgebase/docs/KB-IntroductionToBookmap-Connectivity#bookmap-compatible-market-data-providers

    So, I conclude that no, it is not possible to connect Das Trader data service to Bookmap.

    hope it help! If you ever find more information please share!

  24. Posted · Edited by Mathieu

    Bonjour,

    je suis sur messenger à tous les matins de la semaine. Je part un groupe de tchat BBT en français. Si vous être intéressé, vous n'avez qu'à répondre à ce post.

    bon trading!

     

     

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