Justin

Ah that's too bad! The delay alone makes that unusable... Thanks for checking it out though!

No problem! I didn't even know it myself So I was happy to find it too!

Yeah, beginning of the thread is still the most up-to-date. Just use the spreadsheet for now

Yeah, this raindrop chart is quite interesting; I just read their white paper on it. It's a really fascinating way of visualizing volume. If you sign up, report back! I'd love to hear someone's first hand experience with it.

It's not raindrops, but another popular alternative to candlesticks here in the forum is Bookmap.

Hey @[email protected] I just split your comment into new post, as it wasn't quite relevant to the stop loss post. Feel free to search for a relevant topic to ask additional questions or create a new topic! Anyway, it just means going back in time on a chart and looking at bars that have closed or opened at similar prices (levels). You can see in the AMZN daily chart I posted below that 2168 and 1861 are good daily levels, as prices have been resisted and supported at those points. Someone may be able to dig into this one a bit more, but previous day close may not have any real reason why it's significant. Other than the fact that it's an easy point of reference, and people pay attention to it. It's like moving averages, they are significant because people use them. Previous day low is definitely a significant level too. I have it charted all the time.

Unfortunately I don't... I just tried the hotkey, and it works like it should. Do you have any risk controls set up? Could be useful to see your log to see what is being executed and any messages it may give. Unless someone else can figure it out, I might try asking DAS support.

Does the log show that it's taking a single 1000 share trade? Or multiple fills leading up to 1000?

Yes, if you right click on the Trades window > Config > Add P / L to the right column.

No, the above script was if you were short a position and wanted to cover. You can tell by the end of the script when it says "BUY=Send" that will buy shares (because you are short). You want it to say "SELL=Send" when you are long to sell. This is for long partial 25%: 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

Hey Gforce, you would want to set it to 0.25 to sell 25% of your shares. And you're saying you hit the same hotkey twice and it exists your position? Unless you have only 1 share remaining... I'm not quite sure why. If you had 100 shares to start and you hit the hotkey below twice, it should go to 75 then 56 (rounded down). 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

1. Maybe.... I’d have to stare at my screen and think for a good few hours Will have to wait until the markets are open to give it a shot. I’ll let you know. 2. It’s possible. The hotkey looks good now. Have you tried cranking your BP to something extreme in SIM to test?

I would say the majority of the BBT community uses CMEG to get around PDT. Having margin is almost essential. We even have a discounted commission structure for our members: https://bearbulltraders.com/brokers/#CMEG

Hey @forkey, something is wrong with your hotkey if you got that from Kyle’s spreadsheet. The DefShare=1000*3.3333333*0.97 portion of your hotkey should look like this: DefShare=BP*0.97;Share=DefShare*0.333*Price*0.005 I’m not sure what’s going wrong, but I’d go back to the first post and download it again.

100% Bootcamp.

Hey Ranajit, I'll be honest, this isn't great, but I'm super glad you're asking questions! As a new trader you should never add into a position that is going against you. The stop loss is your protection against this. Because you have no idea if the stock will come back. The stock dropped another 50 cents from when you wrote that, and what if some bad news comes out against UAL? The stock will tank even more, just adding more to your losses. This is the number one way to blow up an account and lose your money. You need to use stop losses to protect your account. Wouldn't it have been better to stop out, lose whatever you risked, and then have another chance to get back in! You might have even reset your bias and gone short for great profit I would suggest watching this video on risk management. As traders, we need to be okay with trades going against us and losing whatever we initially risked. I know this may sound like tough love, but we only care! Please keep asking questions

@Brendon Interesting, I just tried a raw version of Kyle's hotkey and hitting the hotkey again doesn't add to the position. Is it possible you've modified your hotkey a bit to make that work? Or it could be because the market is closed too... Anyway, I think there was a rare occurrence reason why it wasn't recommended, but I could be totally wrong! I'll ask Kyle

Hey @Gforce1! Happy to help I'm assuming you are using Kyle's hotkeys to calculate your risk? If that's true, then no, don't hit the hotkey. On his spreadsheet in the Hot Keys tab you'll see Scale-In POS % - This will allow you to scale in by a percentage amount utilizing your same risk profile set up in the first tab. I'm reticent to post the script, because it's very custom to each trader. My buying power offset could be different, my bid/ask offset could be different, route information, etc. If you didn't use his spreadsheet, just let me know and I'll post it with some instructions on what to change. Otherwise it will be a lot easier and safer to grab your custom script from the spreadsheet.

If you've added to your trade and want to update your stop loss I have two scripts for you (they will also work whether you are long or short): Update Stop Shares - Moves to Breakeven: CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse; Update Stop Shares - Doesn't move stop: CXL ALLSYMB;Route=Stop;StopType=MARKET;STOPPRICE=STOPPRICE;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;

@JIMMY @banjo597 You’ll have to check to see if you’re on the same level, but @josh_h is also looking for a group.

Have you tried using a proper text editor (not Notepad)? It can really screw with syntax and formatting. Try using Atom. It's free and open source. Link

It is most probably that another application is utilizing that keystroke. For me when I hit Ctrl+Shift+2, Dell Display Manager turns off my right monitor So I quit the Display Manager, made a new hotkey using Ctrl+Shift+2 and set the script to: ROUTE=ARCAM;ACCOUNT=xxxxxxxx;Share=200;TIF=DAY+;BUY=Send And it worked perfectly fine.

Hey James, I'm a little confused by your question, but I'll take a stab at it! Where you want to place your stop loss really depends on your strategy. For example, people who are scalping stocks, it may be nowhere near VWAP, Moving Average or a high/low of day. They have just witnessed a substantial pull back (expecting the stock to go back), they get in, and "arbitrarily" set their stop below the last 1-minute candle. I'm not saying what I wrote above is a good trading strategy, but it hopefully gives you an idea why people may put their stop loss at levels that aren't a specific technical level. And yes, for DAS, the hotkey looks something like this: If you were short in a position and wanted to place a stop loss above your entry, you would double click on the chart, and then hit the hotkey that would execute this script. ROUTE=STOP;StopType=Market;StopPrice=Price;Share=Pos;TIF=DAY+;BUY=SEND This is the long version: ROUTE=STOP;StopType=Market;StopPrice=Price;Share=Pos;TIF=DAY+;SELL=SEND

That's exactly what this hotkey does, with the caveat that it also moves your stop to break even. Lets say you are long 120 shares at $10.20 and have a stop set for 120 shares at $10.00 The price goes in your favor at $10.50 and you want to sell 50% of your shares You hit the hotkey above that sells 50% (60 shares in this case). You now have 60 shares remaining. At the same time, the hotkey will also CANCEL your current stop, and reset a NEW stop at break even ($10.20) with the remaining position 60 shares. The reason you would want to reset the stop to break even ($10.20), instead of leaving it at the original $10.00 is because it will protect your profits; you wont lose any more than you've already partialed out with.

Hey Akos, This is what you're looking for - It will move your stop loss to break even. Let me know if you don't want that for some reason though. You'll need to change the bolt parts to suit you; Route= for your own broker and the Share=Pos* for how much you want to scale out. Short Scale Out 50% 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 Long Scale Out 50% 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