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fjmocke

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Posts posted by fjmocke

  4. Posted

    On 6/4/2018 at 7:10 PM, Corey Jones said:

    Hi!

     

    I am not from South Africa, but I do love it there!  I was travelling in Africa and South Africa most of December and January.  I was not day trading then, as I am just starting.  I was doing a lot of swing trading at the time. The time zone was so much better for me!  I live in Vancouver and trading here requires being up very early.  The market opens in SA at 14:30.   I don't think you will have any problems.  🙂

     

    Best,

     

    Corey

    Hi Corey,

    Apologies for the VERY late reply.  The good news is I'm a lifetime member and been trading the simulator for about two weeks now.  The market open 15:30, which is OK.  It seems like most of the action happens within 30 minutes, so I usually stop at 16:00, which is good.  I would prefer very early morning trading as the mind is sharper.

    Great that you were travelling Africa.  SA is an exceptional country, except for the the crime and political situation.  I'm going to give Zambia try for about two years as I signed a 2 year contract with Barrick.  Maybe I stay there permanently, otherwise if I'm good enough with trading I'll move to the Western Cape probably which is the safest province in SA.

     

  5. Posted · Edited by fjmocke

    1 hour ago, Robert H said:

    That's amazing!

    I wonder if you can expand on the script and use the same stop price to send a STOP order? So basically, you double-click to set the stop price and hit the hotkey which sends an entry order along with a stop order. 

    That should definitely be possible if there was an interim variable available to save the stop price.  The problem is I'm using the 'Price' variable which is overwritten when the buy/sell order is executed.  My communications with DAS suggested there is no such variable.  This won't be a problem if a stop can be placed before the buy/sell order, however I don't think that will be possible.

    UPDATE 

    The stop price could potentially be 'back-calculated', as the shares are available: 

    x = 125 / Share

Stop Loss = Ask - x or Bid + x (depending on long/short)

    Scripting is DAS is very primitive, so will have to test if this works

  6. Posted · Edited by fjmocke

    8 minutes ago, Robert H said:

    Does this script allow you to buy $125 worth of a stock (i.,e 5 shares x$25), or does it allow you to risk $125 max based on a stop price?

    Hi Robert,

    Second option

    The script calculates the amount of shares required to risk the given amount, based on the selected stop loss (double clicking on the chart).  I have tested it and seems to work fine.

    What would be nice is to automatically draw a line of where the stop loss was selected.  However that is beyond DAS Trader unfortunately.  

  7. Posted · Edited by fjmocke

    Hi everyone,

    I've seen most people calculating shares to trade as a quick estimate.  I like to trade a fix risk percentage for risk management and my brain unfortunately struggles to do the calculation in one second!  Below is script for buy and sell that you can configure a hot key with to automate the calculations for you.

    What is important is that you enable 'Double click to trade' in your chart settings (Configure).  Double clicking on any area in the chart will save the Price, which is your stop loss price.  The script will then calculate the amount of shares required, and open the trade for you in one go.

    The 125 value in the script is the $ amount you want to risk.  Change this as your account grows.

    Hope it helps, and let me know if there is a bug in the scripts.

    Buy

    Price=Ask-Price + 0.01;Share=125 / Price;ROUTE=SMRTL;Price=Ask+0.10;TIF=DAY+;BUY=Send

    Sell

    Price=Price-Bid + 0.01;Share=125 / Price;ROUTE=SMRTL;Price=Bid-0.10;TIF=DAY+;SELL=Send

    • Like 4

  8. Posted

    Hi everyone,

     

    I'm looking to day trade as per this community's principles, however the hours will be a bit awkward from my time zone.  Anyone here from South Africa?  Would like to get your opinion on your experience regarding trading late afternoons.

     

     

     

    I'm currently working as a consultant from home which gives me ample opportunity to trade.  I have lots of experience with automated algorithmic trading, however that does not work for day trading, and thus cannot make a living from it as millions are required.

     

     

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