rajcoolbeans
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Posts posted by rajcoolbeans
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On 1/17/2018 at 2:33 PM, spmahoney71 said:I love the idea of a combined buy (or short), and stop feature. The only thing I’m struggling with is that the 30 cent pad may be good for a $25 stock, but on a $2 stock 30 cents is a lot.
I guess you could use a LOAD command instead of SEND so you could enter a specific stop value, then hit ENTER.
What is more common for experienced traders, a formulaic stop, or something more specific?
A post from arashid will solve the puzzle as it can put a stop loss at 1% of the position
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On 2/12/2018 at 9:20 PM, arashid said:Here is my setup which I hope you find useful. My buttons consist of 4 for buy and 4 for sell:
Notes:
BUY: places a limit order with 1/4 buying power and attaches a stop loss at 99% of last price at time of order. Note, the method suggested by Andrew at the very top didn't work for me and I found out that you couldn't attach a stop loss order with qty = position and price= av.cost as at the time of running the command there is no position to start with. So what I did is send two separate orders with one command, both with 1/4 buying power, one buy limit and one stop market
Breakeven: It first cancels any pending orders (i.e the existing stop that went with original order) and then places a stop order at average purchase price
Sell Half: Assuming you would do this to cash some profit (i.e you are on the profit side), it cancels any pending order, sells half the position, and then places a stop market for half the position at original purchase price.
Close: Sells all and cancels all pending orders
Same but opposite positions for the Short commands
BUY:
ROUTE=LIMIT;Price=Ask+0.05;Share=BP*0.25 ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=last*0.99;Share=BP*0.25;TIF=DAY+;HANDINST=ANY;SELL=SEND
BREAKEVEN:
CXL ALLSYMB;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos;TIF=DAY+;HANDINST=ANY;SELL=Send
HALVE:
CXL ALLSYMB;ROUTE=LIMIT;Price=Bid-0.05;Share=Pos*0.5 ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos*0.5;TIF=DAY+;HANDINST=ANY;SELL=SEND
CLOSE:
ROUTE=LIMIT;Price=Bid-0.05;Share=Pos ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;SELL=Send;CXL ALLSYMB
SHORT:
ROUTE=LIMIT;Price=Bid-0.05;Share=BP*0.25 ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=last*1.01;Share=BP*0.25;TIF=DAY+;HANDINST=ANY;BUY=SEND
BREAKEVEN:
CXL ALLSYMB;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos;TIF=DAY+;HANDINST=ANY;BUY=Send
HALVE:
CXL ALLSYMB;ROUTE=LIMIT;Price=Ask+0.05;Share=Pos*0.5 ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos*0.5;TIF=DAY+;HANDINST=ANY;BUY=SEND
CLOSE:
ROUTE=LIMIT;Price=Ask+0.05;Share=Pos ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;BUY=Send;CXL ALLSYMB
This is great. I tried it today for short and it really worked. The only thing which didnt work is the CLOSE for short. I dont know what happend but it realy did not work. I have Cover 100% hotkey so i quicky used that and then closed the open Stop order va mouse
Level 2 color settings?
in DAS Trader Pro Tips and Tricks
Posted
Hi Robert,
What's the font on the montage?
Mine looks so bad after I change the color.