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Justin

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Posts posted by Justin

  2. Posted

    3 hours ago, [email protected] said:

    Thank you so much TommyK667. Yes, I am with IB.  I updated the script with SMRTM but that also did not worrk.

    StopPrice=Price-0;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=50/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;TriggerOrder=RT:STOP STOPTYPE:SMRTM PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

    Hmmm the hotkey looks fine actually (and using MARKET in the stop order will work fine even on IB)...

    Do you have double-click to trade on?

  3. Posted

    Hey Mark,

    DAS trader actually has a built in replay function now (I think it costs about $10 extra). Although it is missing a few essential features (like L2 and open orders), but apparently they are working on it!

    It will allow you to replay any stock (you basically pick and choose what one you want to replay and download it).

    BBT also has a weekly Simulator Replay training section put together by @Aiman Almansoori! It focuses on some of the key stocks the mods traded during the day.

    https://bearbulltraders.com/simulator/

     

  4. Posted

    6 minutes ago, KyleK29 said:

    spacer.png

     

    In testing this morning, I noticed DAS has managed to get in a significant request. To sum it up, it allows a single hotkey to cast not only a STOP order on fill (how we currently do it), but also price target orders with each order canceling / updating the position of the STOP when filled.  You might not see a beta configuration tool for this for a bit, as I have to get a wrangle on the syntax and how I plan to handle the configuration options, but it's cool enough that I felt like sharing.

    If you're like me and use set Limit Orders to take profit (versus a scale-out hotkey like Andrew), this is a pretty useful addition.

    This is amazing news. 🥳

    I might have been hammering them on a weekly basis on this for the last few months 😈

  8. Posted

    3 hours ago, Casey Gates said:

    1. What do I need to do to be able to scale out long on SSR? Do i need to add a whole new set of scale out Long SSR keys or replace the ones that I have?

    2. Scaling out while short SSR? are they the same as Scaling out Short?

    3. Will my "move stop to break even" be universal (LONG, SHORT, SSR SHORT, SSR LONG)? 

    3. Does this all make sense? I really appreciate all of your help. Any other tips or suggestions to help me streamline the process or narrow down my hotkeys is greatly appreciated.   Let me know if you need any clarification or information. 

    1. No, the hotkey I posted works for both scenarios.

    2. Yes

    3. Yes

    4. Yes 😋 I think you’ve got it nailed tbh. With the newer scale out long being able to work for both situations, you seem to have a nice, concise set of hotkeys!

  10. Posted

    26 minutes ago, tntp45 said:

    Also, I am assuming that his hot key is two steps; one to set the action (buy/sell) and one to set the risk. 

    It's two steps if you count having to double click the chart where you want your stop. But the hotkey is just one script.

    28 minutes ago, tntp45 said:

      I have been hesitant because it seems like easy math I should be able to do on the fly.

    Yes, the math is simple, but it does take time and your focus away from the chart. The benefit of the hotkey lies in the fact that you never have to look away from the chart. You double click where you want your stop, and when the price gets to where you want your entry to be, you just fire the hotkey. Buy/sell, stop loss, share calculation, and built in risk are all taken care of for you instantly.

    It's just one less thing to think about! 🙂

    • Like 1

  12. Posted

    3 minutes ago, Andrew from Jersey said:

    Thanks @Justin I appreciate the clarity. While I have your attention, can I get some more clarity on the function of these hotkeys, but in some layman's terms? 

    Lets say a stock is 20 dollars currently, and I am eyeing a good stop .20 cents away at a moving average, with a planned target of 20.60.

    So, if my max risk on any trade is $45, and I am using the "dollar risk" hotkey (as shown), then am I correct in stating that I will be double clicking on the price I want to set my stop (19.80), and then the hotkey function is going to be calculating how many shares I can afford at the current price (20) based on my risk per share (.20 cents), with a total max risk in the trade of $45 worth? 

    So it seems in this example, I would be purchasing 225 shares at $20. Is that how this all works? I watched some of Kyle's example videos, and that seems to be what is happening, I'd just really appreciate some clarity on the function of it all. Thanks in advance for the help, it is VERY appreciated. 

    You require zero clarity! 😛 

    Your scenario is exactly how it works! You even understand the math on how it calculates the shares! 🥳

  15. Posted

    4 minutes ago, Andrew from Jersey said:
    @KyleK29 This is amazing work you've done. Quick question/issue... When I am trying to edit the "Dollar Risk" hotkey in Google Sheets, and I switch the dollar amount from "$40" to "$45", I am seeing a little red tab on that cell, and when hovered over will show a small bubble pop up with the words "Invalid: Input must fall within specified range". However, despite the red flag, I do see the new dollar risk value being inputted into the hotkey script. Will this "red flag" corrupt the hotkey at all, or can I just ignore that red flag? Thanks for your time and expertise.
     
    Thanks,
    Andrew 
     
     

    Can you post the hotkey? I can check to make sure it's complete.

    • Like 1

  16. Posted

    13 hours ago, Justin T said:

    Hi Justin,

    Apologies should have been more clear. To clarify, after I have taken a long position on an SSR stock with a Stop market order in place, I am unable to sell (order is rejected by DAS) unless I remove the stop order. Not sure if this is an anomaly or if my script is written incorrectly.

    Justin

    Hey Justin,

    Yeah, it's an issue with DAS and having a Stop order open at the same time. You need to cancel the stop order and replace it. Luckily we can do that all in one hotkey:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.03;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND

    That will cancel the stop order, sell 25% of your shares, and replace the stop order in the same position with the new share count.

    If you want to move your stop to breakeven you would use:

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

    • Like 2

  18. Posted

    Welcome @alexander shanks - I was born and raised on Vancouver Island!

    In response to your question about the DAS Replay function, yeah it's nice to go back and test some trades and see how the market flowed... But without L2 and not being able to add stop orders, you're learning with one hand tied behind your back. I wouldn't not use it, but you want to duplicate trading in SIM to trading live as closely as you can. The less variables that change the better; the psychology of trading with real money is hard enough of a change!

    Again, welcome - and don't be afraid to ask questions!

    • Like 1

  19. Posted

    16 hours ago, Jacob Odegard said:

    -In Andrew's book he emphasizes the importance of real-time data which I get through IB, but where do you access this? Are you frequently looking at this during day trading?

    He simply means, when you sign up for a broker, like IB you are getting real time Level 2 data (your montage and the resulting price action in your charts). Some brokers data can be delayed up to minutes, which doesn't allow you to make real time decisions needed in day trading.

    16 hours ago, Jacob Odegard said:

    -I haven't found a clear way to see the profit and losses from my trades through IB. Any suggestions?

    If you want to see everything including commissions and fees create a new template

    Reports / Tax Docs

    Next to Custom Statements Click the +

    Enter a Statement Name

    Under Sections select Check Commission Details and Trades

    Under Section Configurations select No for everything

    Under Delivery Configuration select HTML and Daily

    Now under Reports / Tax Docs > Custom Statements you will see your new custom report which you can run by clicking the Right Arrow Icon

    17 hours ago, Jacob Odegard said:

    - Andrew also talks about the importance of Hot Keys. I have just been using the green and red buttons in my montage which I setup to trade a certain dollar amount. Is this OK or is it more beneficial to actually hit something on your keyboard? 

    Yes, hotkeys are highly advised! We have some great hotkeys created by Kyle that will help you with your risk management in trades:

     

  20. Posted · Edited by Justin

    15 hours ago, Jacob Odegard said:

    Also, does anyone know how to edit the information that is displayed on the footer of the chart in DAS Pro?

    Unfortunately it is not editable....

  21. Posted

    @Seydou Dia Yeah, you've answered your question 🙂 That's a huge spread. With slippage the chances of being in the red instantly are quite high. Highly advise looking at stocks with a much smaller spread (like 0.05)

    @Justin T Hey, I'm a bit confused. You mentioned you were trying to short a stock on SSR, but then posted your Buy hotkey. I'm probably just confused, but if you could clarify that would be great!

    If you're trying to Short a stock on SSR you need to make sure you are buying 1 penny above the bid.

    StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid+0.01;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

     

  22. Posted

    Yeah, it's possible you have a stop order and it needs to be cleared and replaced like mhileman has posted.

    The CXL ALLSYMB will remove any open orders you have, and then the rest of the script will execute selling/covering 25% and then replace your stop loss.

    The only thing I notice about your script that strikes me as odd mhileman is that it is placing your stop loss 10 cents above your entry with StopPrice:AvgCost+.10

    Maybe that's what you want to do, but I thought it might be a good idea to point out if you just want your stop loss to be placed at break even, just remove the +.10 from the script 🙂

     

  23. Posted · Edited by Justin

    4 hours ago, Jason Ward said:

    I'm hoping someone can recommend a simple PC setup (make/model, etc) for a new trader who has been a lifetime Mac user. Any suggestions on making the transition easier would be great as well!

    Hey Jason, welcome!

    We do have a page that has some recommended hardware (just scroll down): https://bearbulltraders.com/software-brokers/

    That being said, DAS isn't a huge resource intensive platform; so I always recommend people just buy what they can afford. The main consideration is making sure it can support multiple monitors (as you advance you will undoubtedly want more!)

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