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Posts posted by evan
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On 2/3/2021 at 4:16 PM, Justin said: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.
How would you script this? I have a hotkey for manual entry that does this, but I'd love to be able to pre-select my entry price.
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I *think* the answer to this question is "No", but figured I'd ask the community just in case.
I'm currently using William's Equalized Risk + Range Order hotkey seen here: https://www.youtube.com/watch?v=CPSLj7W-KQA&t=6s&ab_channel=BearBullTraders
My questions is: Is there any way to have the Target portion of a Range order trigger a Market order instead of a Limit order? I ask because my trades have an uncanny tendency to tick at or even above my target price, not fill me, and then reverse from there. I'm fine leaving a few pennies on the table if I'm not filled precisely at my target price.
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Looking for the recording of this one as well...
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Hmmm. The current BBT special says it automatically includes ARCA book (https://www.learningdaytrading.com/partnership/bearbull), but I don't see the tab in my Montage.
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Has anybody here ever used automated backtesting software to test out their strategies? If so, do you have any you recommend?
I know TradeIdeas has a feature like this, but that's obviously quite expensive. Other than that, the best alternative I've been able to find is using the Trade Replay feature in DAS.
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On 11/15/2018 at 8:57 PM, KyleK29 said:The tool I'm developing (and will eventually release to the community) loads your exported trades, caches the minute data for the stock, and then runs a bunch of simulations against that data before producing a report of comparisons to the baseline. For example if you wanted to compare what your PnL looked like if you never moved to breakeven and sold at R.5, R1, R1.5, and R2 levels, it'd do it. The report crunches the benchmark numbers and adds some meta data about each trade (e.g. calculated stop too close, risk reward ratio not adequate, scaled too early, didn't let run) - the goal is to give a broad brush idea to people about areas they may be able to hone their edge (a few trades flagged as scaled-too-early is just noise, a large percentage might be something to look at).
The difficult part about this is making it user friendly.
Not sure when I'll have it in a state to release, lots of projects at the moment so the passion development has to go on the back burner.
Hey Kyle,
Any progress on this by chance?
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8 minutes ago, Justin said:Hey @evan
Trade-Ideas can do this too.
They have scans and alerts for all sorts of technical parameters.
Have a look here:
https://pro.trade-ideas.com/Help.html#configure_window_specific_filtersThey have ascending triangles, double tops, etc.
I did not know that. Thanks, Justin. I'll look into it. If anybody knows of any other options (preferably less expensive), please chime in. The free FinVIz has scanners for daily patterns, but not intraday.
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Obviously we all know about scanners that can screen for fundamental criteria like volume, float, etc. But does anybody know of a TECHNICAL scanner that allows you to input parameters to screen for particular chart patterns, like ascending triangles, on an intraday chart?
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Thanks. CCL usually has a 1-cent spread, but I took the trade near the open (on the 4th minute), so the opening volatility was likely to blame. Appreciate the feedback.
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I've noticed I'm frequently getting bad fills on my stop loss orders. In cases where my stop is tight, this can really screw me up. If I have a 5-cent stop and I get filled at 8 cents (as happened to me today in CCL), I just nearly doubled my expected loss.
I am using ROUTE=MARKET for my stop loss orders. Is this what everyone else is using, or is there some other routing that gets better fills? I'm using ROUTE=SMRTL for my entries, and my fills from that are usually great. But my understanding is that SMRTL is for marketable limit orders, which aren't a good idea for stop-losses. Am I understanding routing correctly here, or am I confusing it with order types?
It should be noted that I'm in SIM, so maybe once I go live with IB the fills will be better?
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What do you consider a "high" short interest percentage, when it comes to the potential for a short squeeze?
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I'll throw a couple more out there:
-Placing an alert at 1R and 2R (with R being your entry price minus your stop price).
-Partials as a percentage of original position, not remaining position.
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Hi Kyle!
It would be great to have a hotkey for adjusting one's stop to reflect the new position size after taking a partial. So, say, if I have a 100 share position and take a 25% partial, my stop will adjust to my new position size of 75 shares.
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This exists now. In case anybody finds the above instructions confusing, here is the step-by-step on how to set up "click and add" price alerts.
Steps:
1) Right click on a chart > Chart Area > Config Area. Check the box in the bottom-right that says "Enable placing alert on chart".
2) Next, you must create a hotkey (Setup > Hot Key > Add New Item). I have simple scripts for when price crosses above or below my alert price. I'll share them:
Price crosses ABOVE alert price: AlertName=newalert;AlertType=LastPrice;AlertOperator=>=;AddAlert
Price crosses BELOW alert price: AlertName=newalert;AlertType=LastPrice;AlertOperator=<=;AddAlert
3) Open the Alerts window (Tools > Alert & Trigger). This window NEEDS to be open for the hotkeys to work, so I now just have it permanently fixed in my Desktop layout.
4) Now, when you press your hotkey, an arrow with an "A" next to it will show up on the chart, and you simply click the price where you'd like the alert to be placed. (NOTE: The first time you click, you'll get an error message that says "Placing alert failed". Just click again and it will work. This is a bug and I've reported it to DAS already.
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Just wanted to come back and answer my own question on this, in case someone else needs it in the future. You can place alerts more quickly now by clicking on the chart.
Steps:
1) Right click on a chart > Chart Area > Config Area. Check the box in the bottom-right that says "Enable placing alert on chart".
2) Next, you must create a hotkey (Setup > Hot Key > Add New Item). I have simple scripts for when price crosses above or below my alert price. I'll share them:
Price crosses ABOVE alert price: AlertName=newalert;AlertType=LastPrice;AlertOperator=>=;AddAlert
Price crosses BELOW alert price: AlertName=newalert;AlertType=LastPrice;AlertOperator=<=;AddAlert
3) Open the Alerts window (Tools > Alert & Trigger). This window NEEDS to be open for the hotkeys to work, so I now just have it permanently fixed in my Desktop layout.
4) Now, when you press your hotkey, an arrow with an "A" next to it will show up on the chart, and you simply click the price where you'd like the alert to be placed. (NOTE: The first time you click, you'll get an error message that says "Placing alert failed". Just click again and it will work. This is a bug and I've reported it to DAS already.
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Does anybody have a hotkey script for adjusting your stop to reflect your new position size after taking a partial, WITHOUT adjusting the stop price? I have the hotkey that does this and moves the stop to B/E, but what if I want to keep the stop where it is?
Example:
I go long 100 shares of a stock at $100, with a stop at $99. Price moves up to $101 and I take a 25% partial. I have 75 shares remaining, but my stop is still for 100 shares. I am looking for a hotkey that will adjust the quantity to 75, while leaving the stop at 99.
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On 12/10/2018 at 11:15 AM, KyleK29 said:No, I don't believe there's an ability to interact with alerts via the chart or hotkeys.
Man, is this still the case? This post is over a year old and I know DAS issues frequent updates, so wondering if this is something they've addressed. I, too, find adding price alerts overly cumbersome in DAS. I wish there was a way to add price alerts with the click of a mouse, similar to how we add horizontal price levels.
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4 hours ago, FT81 said:Kyle,
Is there a way to automatically draw a line on a chart at your expected stop price? I saw on another post that you use such lines for reference when you are trading.
Do you draw the lines manually?
Thanks
Rahul
If you enter a hard stop into the market, DAS automatically draws a horizontal line at that price level. If you prefer to have "mental stops", you can draw the lines manually: Right click within a chart, hover over "Trend Lines", click "HorizontalLine", then click the level on the chart where you'd like to place the line. Alternatively, you can use the toolbar at the top of your chart: Click the dropdown arrow next to the pencil icon, then select "HorizontalLine" in the dropdown menu.
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12 hours ago, hailchaser2 said:Thanks Kyle, a DAS feature that I would like, is pre market hi/lo study. I have found a study on this forum for TOS but not DAS.
hi/lo of day doesn’t work because it moves throughout the day.
This is one I can answer. You can add the pre-market high/low as price levels on your charts. Just right-click on a chart, click Study Config, then select PriceMarker. The dropdown menu has options for both PreMkt High and PreMkt Low. I think older versions of DAS didn't have this, but the current one does. Make sure your DAS version is up to date.
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I'll try that, then. Thank you, sir.
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13 minutes ago, peterB said:shorting on ssr is just replacing the price of bid to ask in the hotkey syntax
Okay, so if I'm using Kyle's hotkey, and my script is currently:
StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=100/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
I would change the bolded part to Price=Ask?
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7 hours ago, KyleK29 said:Any other hotkeys / DAS features you want me to go over, please post here. I have a list going.
How about one for shorting a stock on SSR?
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On 12/2/2019 at 9:33 PM, Abiel said:It would be great to hear advice and tricks from BBT members on how to go short on SSR stocks....
Yeah, that'd be great. Ran into this problem a lot today for the stocks on my watchlist.
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I plan to be there (live in the Orlando area). I liked the Hooters idea. Seemed less complicated.
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DAS - Stop Limit Order for Future Entry with Dynamic Share Calculation - Using $Risk with a Stop Loss
in DAS Trader Pro Tips and Tricks
Posted
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.