Ryan Wilson
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Posts posted by Ryan Wilson
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I’m using it everyday as well and it’s working great.
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I tried something similar... I wanted to put in a STOP LIMIT order like you mentioned (click on Price --> Hotkey --> Place STOP LIMIT at Price) with a certain percentage of my buying power (10% maybe 25%). That part is easy... the trick was to create a TRIGGER ORDER that would be placed with the STOP LIMIT order is filled. I wanted to TRIGGER ORDER to be a STOP LOSS at my AVGCOST - ($ Risk / POS).
I can't get that to work either as my variables don't seem to carry through into the TRIGGER ORDER...
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
Always try in SIM to get an understanding how it plays with your other hotkeys and style. I do a lot of adds and reduction in risk as I go, so I’ve had to learn a specific way to use these. For example, when I’m already in a position with a SL and this triggers, the new SL will be full Position size, leaving my old SL a potential issue. I have to make sure and clear the original SL out. There’s some other things as well as I like to stack future limit orders.
I also had a weird hiccup today on a short entry. It’s worked probably 20 times already, but this time it doubled my risk. Really weird since it’s calculating shares based on fixed $ amount in the script. I tried reproducing the issue afterwards but wasn’t able to. I thought maybe slippage but looked back at the logs and it just doubled it for some reason. Wondering if I accidentally pressed the second hot key twice...
in short - try it out, it’s awesome! Fits my trading style so well. I’ve been struggling turning a profit (I’m 4 months new), and since this script I’ve been green everyday.