Thomas
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Everything posted by Thomas
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bump... even if anyone has the IB TWS desktop config, that would be super helpful. If DAS can't really do this well, I am open to using TWS if that's what others use in this community.
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Does anyone have a desktop config file to share for DAS with optimal chart configurations and hot buttons for trading options? I have a good setup for day trading stocks, and used Andrews config as a starting place and also use Kyle's hotkey scripts for buttons. Is there a similar desktop, hot button scripts and chart configuration for those interested in day trading options? I'd hate to reinvent the wheel if anyone from the community can help. @Andrew Aziz @nassarsyed
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Hey, thanks a lot for the reply! The #'s I posted were directly from my trade log --- entry was 21.95 short, stop loss set to 22.11, shares purchased were 2083 and stop loss was triggered at 22.12 ---- the risk was actually $333 versus $250 and my total loss stop amount was $354 based on the share size. The script is giving me too many shares for the risk $. Just seeing if my script is whack or if others are experiencing this as well, and just something we all live with.
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Thanks for the reply! I might be using the script you posted incorrectly then. Do I need to double click the chart, like kyle's hotkey requirement to set price, or stop loss? I just clicked the button. First click puts me in with 2 shares. I immediately sell 100% and then click again and it gives me a lot of shares and puts my stop loss really far away. If you have been using this successfully, it is clearly m user error. Let me know if I need to click for price first or if there is a trick to it. I really like the concept so wanted to try it out.
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@rinran I've tried the hotkey script you posted (in training account) and that one actually really interests me, so thank you for posting! Do you have issues where it only gives you 2 shares, then the next time it gives you proper amount? What stock price do you use this hotkey with? The 90% stop loss is super far on lower priced stocks. I had to change the avg calc to .99 just to get it close. Do you adjust based on stock price, or just only use for stocks with certain price ranges?
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bump --- anyone else getting bad slippage when the stop loss triggers? I risk $250 and it's closer to $350.
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Hey @KyleK29, I've been using the hotkeys now for a while and having difficulty with my stop loss being near the risk $ I took. I am risking $250/trade as per the config option, but when I get stopped out it has been $350-380 range. I changed it to a LIMIT instead of market with .05 buffer on the same stock and then I get $260-280. Which is better, but problem with limit stop is I got skipped once and it freaked me out so went back to market order stops. It calculated too many shares: entry was 21.95 short, stop loss set to 22.11, shares purchased were 2083 and stop loss was triggered at 22.12 ---- the risk was actually $333 versus $250 and my total loss stop amount was $354 based on the share size Have you experienced this lately as well, or others? I am getting too many shares for the risk $ Just wondering if other experience this or if this is a bug here is my SHORT $250 RISK script for reference: StopPrice=Price+0;DefShare=BP*0.9;Price=Price-Bid+0;SShare=250/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.04;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
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ok, I have to ask. Did you change the montage style to Stop Order? and enable double click on the chart to trade? Also, if you have IB account use SMRTL or SMRTM. If you are using the BBT simulator version, you have to use LIMIT and MARKET as ROUTE= Here are the scripts I use and they work: keep us posted BUY $100 with stop loss StopPrice=Price-0;DefShare=BP*0.90;Price=Ask-Price+0;SShare=100/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.04;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Short $100 with Stop Loss StopPrice=Price+0;DefShare=BP*0.90;Price=Price-Bid+0;SShare=100/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.04;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
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Ok, I answered my own question below and found the script. It's pretty simple, but the challenge with this is the amount of shares (risk) is perfectly fine for a $60 stock, but using the same buying power % of 25%, or even 15% at $15-30 gives me too many shares and the risk is a lot tighter and no room for movement. 25% BP in this script is awesome, and equates to a $100 risk when playing AMD, but can not be used for anything in the lower price ranges, and I found having a 10% BP hotkey needed, or else the risk is closer to $350-$500 for any kind of small up or down. --- is there anyway to have a dynamic share hotkey based on $ risk without having to double click the chart? BUY with BP of 15% (simple based on BP and round2 price -- no need to double click chart) ROUTE=SMRTL;PRICE=ASK+0.04;PRICE=Round2;SHARE=BP*0.15;TIF=DAY+;BUY=SEND
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Are you in replay mode? Stop orders do not work in replay So just checking
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Hi Kyle, Is there a way to use your hotkeys without having to double click the chart to get the price? Meaning --- is there a way to just hit the hotkey and it buys the correct # of shares based on my buying power, 1% or 0.5% of my account size without having to double click the chart? This interests me for ORBs or quickly moving stocks and I don't have time to find the right spot to double click the chart so the current script can calculate shares. note --- I love your hotkeys for when the day is slower and I can set my stop and then hit the keys, but needed something quick for momentum trades and not needing 5 different buttons with share sizes based on the stock price range. Is this possible to generate from your spreadsheet?
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that's great to hear, I will try it in sim, TY! Just wanted to check-in and see if any known issues or things to consider based on your recent experience. I really appreciate your quick response. You have been very helpful and this is a nice script that should help me get better entries.
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How is this working for you? Ready for Live? Any of issues or changes?
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in the hotkey setup page, should change the route in the "Stop Type" to SMRTM from MARKET? The only options are LIMIT and MARKET in the drop down. But if I'm with IB, should I change this to SMRTM instead of MARKET for stop loss?
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@KyleK29Where is the most recent version of the hot key script generator kept. Is this it from page 1: https://drive.google.com/open?id=1TJy7jRHhdMYGyyfKbbYd3M7j6bqxgeoy Just want to make sure I am using the most recent release. This is fantastic stuff, so thank you!!
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Is there a way to change our display name in the forum? The default was my first and last name and I can't seem to be able to change the name displayed in the edit profile option.
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