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SpoTT Trader

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Posts posted by SpoTT Trader


  1. 8 hours ago, Moe said:

    Hi, I wanna ask, If I have an IB account and I download DAS trader, will I be able to access my IB paper account through DAS or it will be only the IB live account that will be available on DAS?

    Hi good morning Moe.

     

    With DAS and IB,  you can connect as many IB accounts as you wish on top of having a Paper Trading account.  Once in the DAS application, you will be able to choose your default account to execute orders (ie your sim account) or you can change your account on the fly within the montage (if you have 2 or more accounts)

     

    Your sim paper account # within DAS may start or look similar to this; TRIB1234

     

    image.png.1695e5a33d21d37f0ba1332aca637cda.png


  2. Hmmm. I think that is for you to decide.  🙂

     

    Personally, I don't agree with what you have noticed that "stocks that gap up/down tend to follow that initial push either up or down."  Or perhaps I just dont trade using that as a 'check-mark' factor.

    There are many factors that could impact that analogy.  The list would be very long however some would include major resistance levels, trend line resistance, market sentiment.

    Happy Trading.


  3. Hi John.  DAS in its most recent version has released a more 'approachable / functional' method of placing price alerts on the fly.  Its not 100% bang on, but at least its a huge improvement.

    here is the download link for it http://www.dastrader.com/download/beta/DASInstallIBCO.5.4.7.0.exe

     

    Hi Paul,

    We have added a new feature/hotkey commands in our beta version, where allows user to directly place and modify the orders in chart window and directly set up a Alert from chart window, and some other features too. Let me know what is your username and who is your broker if you wish to try it.

    For 'Place Order' you can find more information here: https://dastrader.com/kb/knowledge-base/how-do-i-directly-place-and-modify-the-open-order-through-chart-window/

    For the 'Alert', go to Hotkey window->Chart Window Categories-> Chart Alert Sub Categories, you will see some new hotkey commands there.

    Here is the example,  "AlertName=newalert;AlertType=LastPrice;AlertOperator==;AddAlert"


    Then go to chart window and press this hotkey, then left click and hold your mouse, you will see a alert/price level, then unhold the mouse to set up the alert.(Hint, you have to open the Alert and Trigger window first)

    -- 

    Best,

     

    Jason He

    DAS|INC              


  4. Try dabbling with this;  (wont work in pre-market conditions)

    Ensure your script(s) work 100% in simulator mode before ever using live.

    Buy 100 Shares then AUTO set RANGE (10 cent stop, 20 cent profit target orders)
    ROUTE=LIMIT;Price=Ask+0.10;Share=100;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:AvgCost2-.10 HighPrice:AvgCost2+.20 ACT:SELL QTY:POS TIF:DAY+

    I have not used this script for a super long time.  Not sure if it still works as I was using it in older revisions of DAS.


  5. On 6/14/2018 at 11:42 AM, KyleK29 said:

    If we want to make a feature suggestion to DAS, do we use the support contact or is there a special contact?

    In the past I have dealt with a guy named Jason at DAS.  Jason is a liaison between DAS Support team and the developers who take suggestions.

    One recent suggestion I have made to DAS is to provide the ability that within drawn trend-lines, and within the Configuration setting of that line, to be able to set simple Audio alerts with optional pop up visual alert. (two clicks and your done).  Most other platforms I have used have that simple feature.  DAS currently has a complicated, time consuming audio alert feature.

     

     

    Jason He
    DAS|INC                                                               
    Phone: 845-282-7859 x4
    Website: dastrader.com |         
    Twitter: @DASAlerts | Facebook: DASTrader

  6. Hi Justin.  Want to support your post up above as I personally use daily charts to find support and resistance pockets.  Support and Resistance (pivots/consolidation areas) are one possible indicator for the trader to respect and monitor carefully.   

    In addition to Support and Resistance zones I use daily trend lines everyday.  Once I short list my morning watch list, I take the time to map out the major ascending and descending support lines (connection major pivot points) to provide me additional information about where support and resistance pockets may be respected.  This can assist you in making decisions for your entries or exits on any time frame.

     

     


  7. On 9/28/2018 at 2:37 PM, KyleK29 said:

    What it is:

    It's a hotkey command script that can be used to dynamically alter the share total based on:

    • Available Buying Power (capital)
    • Stop Location (Risk)
    • % Account Risk OR Fixed Dollar Amount

    The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors:

    A - Shares You Can Afford
    B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares)
    min{A,B} = 0.5(A + B - | A - B | ) 

     

    Do you think one day you could do a youTube video tutorial and show how it actually works in real time?  Demonstrate the usefulness of this program?  That would be cool! 😉

    Fantastic efforts and work here. 


  8. 12 hours ago, NinjaTrader said:

    In aggregate all those factors (thanks spoTT for a great explanation of each)  make this a "high conviction" trade. I wouldn't necessarily get hung up on one thing. Decision making in trading requires the ability to factor in a lot of different variables in synchrony.

    I want to support this statement.  It is very important to know that trading is about a lot of different factors combined hopefully preparing you to make the best possible decision when choosing to enter/exit.  (That is why Andrew's books are a great read by the way!)


  9. On 7/2/2019 at 12:01 PM, Lane Schoeneberg said:

    Is there a way to re-scale my Y-axis, so that a smaller range of prices are shown making my candles taller?   For instance, in the chart below, how would I decrease the range from 38.8 to around 40.4?

     

    image.png.a8a66bcbd4288f11aed535a0101c2c44.png

     

    Thanks,

    -Lane-

    Hi Lane.


    There is no way to do this.  (unfortunately yet)  I have in the past put in a suggestion to the DAS team to enable this feature (Just like https://www.tradingview.com)

     


  10. Here are my opinions on what Andrew saw. Aug 5th opening of MU

    - Pre-market conditions of MU were a continuous fade. Showing weekness. Perhaps short biast on it to begin with
    - SPY on the low (influence)
    - on open (9:30) there was attempt to break the high of the previous (pre-market) green candle. It failed to break that.
    - In addition, it failed to break/hold V-WAP as well as 9 and 20 EMA
    - Once the first minute candle closed, the price popped up just touching the V-WAP however fell easily/quickly indicating a short potential (this happens quickly remember)
    - with anticipation of the price continuing to fall, Andrew place his short orders anticipating the break of the previous candle body and wick
    - Andrew scalped his profits at multiple stages as it continued to go lower, 20-30 cent scalp range.  Very nice.

    I'm not sure based on your screen grabs if Andrew closed his entire position on the second minute candle or if he held into the 3rd minute candle which would have rendered him another potential 30 cents on remaining balance of shares.

     

    Hope you and others agree with what I have to say above.  If not, please share your ideas.

    • Thanks 2

  11. Good day fellow Traders.

    One of the very frustrating things about using the DAS Trader platform is the fact that it does not allow the end user to place a horizontal price line audio alert. (in a simple way)

    Perhaps you guys can side with me on this one;

    In a simple world of a platform, we should be able to draw a horizontal price line and within the Configuration of that line be able to set an Audio alert with optional pop up visual alert. Two clicks and your done...    Matter of fact, it would be nice to enable audio alerts on any sort of line whether it is a Trend line, Horizontal price line or ray line.  In many other trading platforms, they all have SIMPLE alert capabilities...

     

    Long and short.  I did speak with DAS Technical support and they have advise me to email "[email protected]" with the request to have simple alert's added to future platform upgrades. 

    Perhaps if you in particular are interested in this needed feature, you too should email "[email protected]" with the request. 
    The more requests they receive of a particular new feature, the more likely they will add it into the development cue.

    Thanks everyone, and perhaps send an email in support. (If you are in support of simple audio alerts! 🙂

     

    Safe trading everyone.

     

     

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