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Justin

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Posts posted by Justin


  1. 3 hours ago, edequev said:

    Hi @Justin Just a quick question about SSR script for kyle's hotkeys.  Why are you using BID+0.01 instead of ASK?  My understanding is your order will get filled as long the price goes up. Thanks for your support, man!

    Hey, that was the case before the SEC changed it back in November 2010. Now shares of a stock cannot be sold short at or below the best bid when it's on SSR.


  2. 8 hours ago, Gopi Mani said:

    Hi Justin,

    I still have issues with all the stop order types. Please see the screenshot below. I placed the stop market order @ 12.83. My order is accepted but not triggered even after the price went below 12.83.

    image.png.4a82fac58b4372ebeea16ccae3bd8fef.png

    Cheers,

    Gopi

    Hey Gopi,

    Unless I haven't had enough coffee this morning... I'm thinking that something is backwards.

    In your photo you're LONG from 12.75, and you've placed a sell order above your price at 12.83. You don't have a stop loss set, which would have to be below your AvgCost of 12.75.

    Also make sure you use the @Gopi Mani function if you want to grab my attention. I sometime miss posts, but this way I'll get an alert! 🙂


  3. 11 hours ago, jero20 said:

    SO i'm trying to use the scripts provided for a stop at 20 dollar loss on long position hot key

    StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=20/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=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+

     

    But is not working. I'm suing the Das Pro 3 month simulator. Is there anything that I need to do different to get it to work. Also not sure if it makes a difference but I'm trying it on replay since I'm working night shift right now. Haven't tried on live trading yet.  It gives me an error saying "error: cant get valid price"

     

    Any help will be really appreciated thanks. 

    Hey,

    A couple things. First, with this script, before you hit the hotkey, you need to click on the chart where you want your stop loss to be. That might be why it's not getting a valid price.

    Second you'll want to change your Route to "Limit" while in sim.

    StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+

    • Thanks 1

  4. @forkey I've tried multiple ways to combine them... I can't quite get it. Although this should be possible in the forthcoming version of DAS.

    @Casey Gates Who is your broker? If you are with IB then you can actually just use the regular short hotkey as IB will automatically price you on the bid+0.01. Otherwise you should use two separate hotkeys. I say "should" because the SSR hotkey will work on regular shorts, but you wouldn't want to use it because you'd get a worse fill than needed.


  5. 25 minutes ago, Luis Servin said:

    Abiel,

    Thanks for quick response. In comparing the 165 vs 150 per month it appears that 'Replay L1' is the only difference. Andrew posted a video on replay on 1.20.2020, is this what that feature is/adds? I couldn't find info on the said Replay Level 1. Could you explain what 15/ month addition gets us and the benefit of it?

    This is a more recent video from Carlos that explains exactly what Replay L1 gets you:

    It is essentially the ability to go back in time on any stock and replay the chart and price action for the day. But you currently can’t place open orders or see the future bids/asks (L2) through the montage. Apparently they are working on bringing this in the future though!


  6. 7 hours ago, forkey said:

    My first question is - is it possible to have the first entry stay live once the first add (second entry) is put on and therefore the second entry also has its own stop?  I just can't imagine how it would calculate the POS size since we naturally populate that field with the position entirety ('POS'). 

    Wouldn't both stops be in the same spot though? Or are you clicking in a new spot on the chart for each additional entry?

    7 hours ago, forkey said:

    Would it be possible to have the original tier entry hotkey that I use to enter the trade also include this target and ultimately become a range order? 

    Just to clarify you want to adapt Kyle's hotkey so that it executes a range order? As in it enters a trade, places a stop, and a target at 6:1?


  7. 14 minutes ago, Tamas52 said:

    Can I download the DAS sim for my laptop additional to my desktop  so i can tarde when i'm not in my office ? could be a dumb question  but hey ..

     

    Not a dumb question at all!

    You can definitely install it on both computers. It will just automatically sign you out of the one you aren't using.


  8. Which is what I linked to above... 😉

    But I just realized that posting direct links to comments in the forum only works if you know to click that small, silly little arrow pointing to the top right! That's so unhelpful! Otherwise if you click on the main link in the embedded box, it' just brings you to the beginning of the thread! Not at all where you wanted to point someone too!

    This is my new mission today.


  9. 4 hours ago, Jeffrey Pleiman said:

    Hi Guys, 

    Thanks for the replies thus far in this thread.  My thoughts for originally posting this was for longer term trades.  I would like to be able to set my profit targets and stop and then walk away.  As it stands right now, if one profit target hits (if I am short for example) and then hits my stop, I will now have a long position.  This is what I am trying to avoid and the cancel/replace hotkey doesn't really accomplish this as I would have to be in front of the computer. 

    Hey Jeffrey, this is actually coming in the new DAS beta. It will allow for multiple price targets to be set and when they are hit it will auto update your stop loss position!


  10. 1 hour ago, Jad said:

    I am looking to dynamically update the size of stop as I scale without changing the Price.

    Unless I'm misunderstanding you, and I'm very sorry if I am, but this can also be done in one single hotkey.

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

    This will allow you to take a 50% partial, and it will update the size of your stop without changing it's price.

    (Colors match what I said with what it references in the script)


  11. Cover 25% - Leave stop where it is:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Ask+0.05;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos+share;TIF=DAY+;BUY=SEND

    Cover 25% - Set stop to breakeven:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Ask+0.05;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=DAY+;BUY=SEND
     


  12. Hey @Travis Weirich, in order to do it with Kyle's hotkey we would need to split the hotkey in two. One hotkey to record where you want the stop loss, and then one key to record where you want your entry. In order for the math to calculate how many shares you need based on your margin/risk profile, we need those two points. In the current hotkey we only need to click once, because the second point is automatically given to use by being the current price.

    I have some interest myself in this... I'll have a crack and get back to you!

    • Like 1

  13. Hey drodz, in general it's called consolidation or a range (as in it's stuck in a range), and there are lots of ways to play it. If the volume is dropping off, then yes, maybe it's fine to get out. But if it is going to go for another leg up/down, keep an eye out on the volume, check the L2 to see if there are any good bids/asks ahead of you, and watch for it to start wedging towards whatever direction you are looking for.

    I would really recommend just eating up all the lessons in our education center - it'll give you a really good understanding in a lot of these areas:

    https://bearbulltraders.com/education-center/


  14. 2 hours ago, Jad said:

    @KyleK29 Thanks for the great work you have done! Are there any updates on this DAS features?

    Hey Jad,

    There are some interesting changes coming in the next release, but I'm not sure this will be one of them.

    That being said, did you see peterB's comment? It does exactly what you need it to do all in one hotkey. Sells x amount of your position and resets your stop loss to the remaining amount of shares.

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

    Short:
    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Ask+0.05;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=DAY+;BUY=SEND

    • Thanks 1
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