Jeffrey Pleiman
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Posts posted by Jeffrey Pleiman
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Hello,
I currently have been trading in Sim through the discount I purchased from BBT. I am now ready to start trading real money and have an account with IBKR. I am wondering which version of DAS I buy that translates to the version I am using in the simulator through BBT? I believe it is the $150 package but I am not sure because it doesn't look like that includes ARCA, and I thought the SIM did. I am wondering if this is necessary or not?
Also, will I be able to use all of the current settings that I have in the DAS Simulator with my new DAS? It took me quite awhile to configure all of the charts and everything the way I liked them.
Thanks.
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Hi All,
I am having a hard time to get my stop loss to adjust automatically to the number of shares that I have when I am scaling out. If I have a stop loss set and scale out of a trade the number of shares in my stop loss remains at the original amount, and then if it hits that stop loss it will actually flip my position. For example, I buy 100 shares at xyz at $50 and scale out by selling half my position when the stock reaches $52, leaving me with 50 shares out of my original 100 shares. Now I move my stop loss up on the chart to break even. The stock drops and hits my stop loss but it sells the full amount (100 shares) and now I have 50 shares short, which I didn't want.
Is there any way to have my stop loss automatically adjust to the number of shares I have when scaling out? I contacted DAS support and they said there is not and recommended using the script Share=Pos;Replace. I am hoping they are incorrect. The problem with the script is that I need to double click on my open orders to do so, and then that pulls up my STOP position on the montage window, then I hit the hot key, but then my montage window is now on my STOP on my STOP position and I need to manually toggle back to my original position to get my default montage window back before I can start scaling out again. All of which takes a lot of time and is subject to error.
Appreciate any answers!
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How to automatically adjust stop loss to number of shares
in DAS Trader Pro Tips and Tricks
Posted
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.