DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

2 hours ago, peterB said:

i am not sure but i think so. if not u can use the defshare variable for the calculation or any other non used variable from https://dastrader.com/documents/HotkeyCommandList.pdf

 

Hmmm I don't think that's a thing then; but I'm going to reach out to the engineer I know at DAS - last I heard they were still working on it.

And yes, I'm aware about defshare and the rest as you can see I used them in the hotkey I created in this thread.

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

7 hours ago, peterB said:

i think you could use temporary variable instead of the parenthesis. like

tempprice=Pos*AvgCost;StopPrice=tempprice-300

i cant imagine a use case for this anyway. you will never get good stop loss like this you will be way off where you wanna be technically

 

I was unaware that DAS added temporary variables. Is "tempprice" a specific command or can you name it whatever you want? Also, just curious when they added this...

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

3 minutes ago, tamago168 said:

Hi Justin & Kyle,

This script is very awesome!

Can you please provide the script for the flip side (i.e., Short situation)?  Thanks

Henry

 

It's already there in the first post

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

16 hours ago, koreanwon97 said:

I can't seem to use the hotkey for some reason. I keep getting "ERROR: Can't get valid price!"

 

Edit: The hotkey only works for shorting, when I try to use the long hotkey it does not work at all. I copied the hotkey exactly as I saw it so I'm a bit confused on that...If there's a fix for that, please let me know. Also, when I try to use my cover or sell hotkeys, it does not work. It brings up this in the picture and I did manage to find a solution which was going into my montage and changing the type of order from "limit" to "market" and it worked. If there's another way to fix it without doing that, please let me know. I'm trying this in replay by the way.

This hotkey doesn't work in replay mode. You'll need to test it out in SIM when the market is open.

[Simpler / clearer theme for BBT chat room]

@Paul aka Aurbano - My man! Just making the world a little bit better one piece of code at a time

Look at this original formatting of the tickers and how they get cut off:

And now look at Paul's version:

 

[Bracket order in DAS]

It's possible. What you're asking for is a range order.

StopPrice=Price-0;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Ask+0.05;TIF=DAY+;BUY=Send;DefShare=400;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+

This will allow you to double click where you want your stop, enter a trade worth $10 (SShare=10/Price;) at the current price (it'll auto calculate the shares). And place a profit target at 2R (Price=Ask-StopPrice*2+Ask;)

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

12 minutes ago, ivo1969 said:

I tried looking at the script , what would i have to change to setup a script for a 50 , or 100 dollar risk ?

Any help woudl be appreciated

SShare=20/Price;

That number denotes the risk. It's set to $20 currently.

[Can't open an order window or a positions window]

This in DAS? Try doing it through a hotkey.

[Hotkey to set lines at R multiples]

21 hours ago, Alastair said:

Wow, ur a little wizard.........  how do u dream up things like this.

It helps that I actually dream about DAS and trading some nights

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

9 hours ago, peterB said:

you need to have Route=SMRTL for Interactive brokers

No, not for stop orders @peterB.

@justinstrommer9 It's either a syntax error from when you copied it into DAS or you're not executing the script properly.

If you could outline a real example and step by step of exactly what you're doing that would be helpful. Like down to the detail. "I double click on the chart at x price, then hit the first hotkey. Then I double click on the chart at y price and hit the second hotkey."

[Hotkey to set lines at R multiples]

But wait! There's more! @Alastair @peterB

I actually do have a hotkey that will place down R levels. It's a bit of a hack but it works! And being such a visual person, these are a godsend for helping me get to my R goals.

The way it works is if you are in a position with a stop loss set, it utilizes your SIM account to place the target levels at 1R, 2R, etc.

Look below - the green arrow is obviously my entry, and the blue arrow is my stop loss in my live account. And then when I hit the hotkey it will place two orders at 1R and 2R (orange arrow) with 1 share using my SIM account. Basically it does the math calculation for 1R and 2R, swaps the montage to my SIM account, places the orders, then puts the montage right back to my live account.

The 1 share orders never get filled (I'm actually not sure why...), so as the price gets to the 1R and 2R markers you can take a partial or full exit, and it will be executed in your live account. After the trade is done just cancel the orders.

Long

StopPrice=AvgCost-StopPrice;Price=AvgCost+StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Sell=Send;Account=UXXXXXXX;StopPrice=StopPrice*2;Price=AvgCost+StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Sell=Send;Account=UXXXXXXX

Short

StopPrice=StopPrice-AvgCost;Price=AvgCost-StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Buy=Send;Account=UXXXXXXX;StopPrice=StopPrice*2;Price=AvgCost-StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Buy=Send;Account=UXXXXXXX

 

[Hotkey to set lines at R multiples]

Yeah, the current solution is to use the Fib. These are my settings it - you click and drag from your entry point to your stop level.

Looks like this

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

1 hour ago, Alxander said:

how will this script look for long/short without the calculated risk% but with manually set stop loss?

Like, you just want to set an order in the future to go long for a fixed $, but the stop is a fixed amount... like 20c?

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

33 minutes ago, KyleK29 said:

The way DAS works is it gets your leverage and the equity from the broker as a global value. BP is calculated off this global value.

And to further make things worse... (at least from those on IB) The .dat file DAS gets from IB listing every stock's margin rate is wrong in many cases. DAS will show 100% margin rate when in actuality it's 300%.

Last week I finally managed to connect someone at DAS support and someone at IB support to communicate to each other about the problem. And now "This issue remains under review."

[Anyone using Interactive Brokers Fixed commissions?]

@JasonH How did the fixed vs tiered with IB results go?

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

12 minutes ago, evan said:

Could I have this trigger a market order instead of a range?  In other words, one the selected price is hit, I'm fine getting in at any price.

Long

DefShare=BP*0.97;Price=Price-StopPrice;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare; SShare=Share;Share=Price*100; Price=StopPrice; DefShare=Price*100; Price=Share/100; Price=Price+StopPrice; StopPrice=Price; Share=SShare; TogSShare; Price=Price;TIF=DAY+;Route=Stop;StopType=Market; Buy=Send; Share=DefShare;Price=Share/100; StopPrice=Price; DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

 

Short

DefShare=BP*0.95;Price=StopPrice-Price;SShare=30/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare; SShare=Share;Share=Price*100; Price=StopPrice; DefShare=Price*100; Price=Share/100; Price=StopPrice-Price; StopPrice=Price; Share=SShare; TogSShare; Price=Price;TIF=DAY+;Route=Stop;StopType=Market; Sell=Send; Share=DefShare;Price=Share/100; StopPrice=Price; DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

 

[STOP ORDER NEVER FILLED]

3 hours ago, juard said:

And in the case of DAS SIMULATOR, to short position in SSR stocks WITH THIS EQUALIZED HOTKEY,  the hotkey must be at least BID+0,01. But in live with Interactive it can be a BID+0 because it convert auomatically the order into a smart order?

That's correct - with IB it'll automatically tick up for your when a stock is on SSR.

[Double click to set stop loss]

Double clicking is just to set the price in the montage. You still need to hit a hotkey with an appropriate script to execute with that price.

[Day Trading Canadian Taxes and Business Structures]

10 hours ago, Olivier said:

Any of you guys have opened an account with Interactive Brokers for a Canadian corporation? I'm interested to know if there are significant hurdles to be aware of. Thanks in advance. 

None at all. Just a long ass application process.

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

3 hours ago, Ishyster said:

Hello everyone. I appreciate any help if possible. After I get in a position and my stop is already in place I use these scripts to help scale me out.

This really doesn't belong in this thread... but below works perfectly fine for me... The only change I made to your script was changing LIMIT to SMRTL for IB

CXL ALLSYMB;Route=SMRTL;Share=Pos*.25;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND

If you're not required to change your route with whatever broker you are using, I suspect it's simply a syntax issue. Re-copy and paste what I have in the text box above.

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

@Ishyster

Indeed the ; has no effect at the beginning of the scripts. If it's not separating anything, it's not doing anything.

@Alastair

Indeed putting CXL ALLSYMB in front of Kyle's default buy/sell script will allow you to double click again on the chart (where you want a new stop) and add to your position. It will recalculate your total POS and the new stop loss will be for all shares.

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

3 hours ago, NickMan said:

Hi chaps,

I'm in SIM replay and can't manage to place a stop by double clicking. I've checked I have the latest das, double click is enabled on each chart, montage style is set to stop order. 

My position type shows as margin.

I'd add I'm clearly no IT wizz....

Any ideas would be gratefully appreciated?

Nick

You can't use stop orders in replay unfortunately.

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

Hmmm hard to say... it does look like it's trying to work The sell of 50% (28 shares) at the current price, the new stop at your average price for the remaining 50% (29 shares).... But the old stop should have cleared.

Did you remember to remove the + after DAY in the script?

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

4 minutes ago, peterB said:

you can do 1 and 2 in the same hotkey with DAS but do you realize that doing that effectively cancels your range order so you don't need it?

Yes, I think he's saying have this hotkey instead of the range. Like manually selling at 2R.

This will sell 50% of your position at whatever the current price is. It will cancel your current stop, and move it to break even with the remaining shares (so you can't lose any more than you've gained),

CXL ALLSYMB;Route=SMRTL;Share=Pos*0.5;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND

 

[DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss]

@James00trades

You can definitely do a 2:1 range order in the same "part-2" hotkey, but it would be a full exit at the stop loss and 2R.

There is an alternative... But it's not great.

In a 3rd hotkey (after you've entered a position), you can have it recalculate your position and place multiple range orders down at different price levels. Have a look below - one hotkey takes your full position (118 shares) and splits it between 5 range orders at 1R-5R. It's hard to see (as they are stacked on each other) but all 118 shares should stop out at the same price of 123.48.

Now I said "should"; here is the real problem with the script (also the main reason it's not released). Because your stop is actually 5 separate orders, in more volatile stocks you can have some bad slippage. It also can increase your commissions a bit (mainly on smaller positions).

I know Kyle has been working with DAS, I've been working with DAS.... If they simple can provide us with a few more variables, this stuff would be easy.