Ranajit Chatterjee

Thanks @Abiel.

Thanks @hailchaser2, appreciate your time to help me in this regard.

I agree with @Abiel and @hailchaser2 that stop loss would be at technical levels, but i am trying to execute parabolic reversal and in that trade my stop loss should not be more. Now if i use Kyle's hotkey it takes some time to double click and then execute the script and it that way my stop loss moves so much and reward becomes less. I appreciate your concern and as i mentioned i am using Kyle's hotkey script, but looking to get STOP loss at pre defined level. And i am currently playing in SIM so don't worry.

Hello BBT Team, I am struggling to build a hotkey script to put a stop loss at 10 cents below of my average cost of shares. I usually use Kyle’s hotkey script with pre-defined $ risk, as I am new sometimes I stopped out. I was thinking to win significantly but if I lose in that case, I will lose less $ amount So for example, I am taking long for 100 shares at $150 per share and putting a stop loss 10 cents below of my original entry that is 149.90, so if I lose, I will lose $10 but if I win, I will win more than the pre-defined risk as my share size is more. Kindly help.

I am also thinking to Go LIVE in September with very low risk per trade. I am little doubtful to choose the broker, CMEG or IB. I know IB is way better but I don't wanna invest 25K in that. However, I was checking CMEG commission and it was pretty high compared to IB. If I am taking $30 risk per trade and if my transactions are respectively Buy, Partial and Sell (total 3) then minimum commission will be around $10. If i am able to do profit (more than 1R) then it is somehow profitable but if I am earning less than 1R then there is no profit at all. If anybody faces the same using CMEG? What is the alternative you can advise. If you choose CMEG then you need to be consistently more than 1R profitable, in my opinion, what you guys think?

@Julio Hernandez please join discord. Search the forum with discord or my name, you can able to find the directions. I have one trading buddy but more is better. We will welcome you.

@Julio Hernandez I am in Virginia and started BBT few months ago. We can catch up sometime around.

So clean, nice one @Christopher Patterson

Can you please share the strategy ("Recently I have been following another trading website's watchlist/strategy") you have found? @Phil Muka

It looks like it happened to me as you have been mentioned for Issue 1). I will try it and let you know. Thanks for your help. i understand Number 2) also, i was thinking differently and it was all wrong. Thanks @Justin

Hello, I am currently using kyle's hot key for $20 risk for long and short. Long - StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+ Short - StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=20/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 have 2 questions - 1) If i want to sell 50% (long), is it best to use, ROUTE=SMRTL;Price=Bid-0.10 ;Share=Pos*0.5;TIF=DAY+;SELL=Send For short 50% cover, is it best to use, ROUTE=SMRTL;Price=Ask+0.10;Share=Pos*.5;TIF=DAY+;BUY=Send 2) If i want to add my position (during pull back) but don't want to move my stop position ( in case of short and long), is it possible in hot keys? For example, i have $20 risk but i have added another entry and my risk becomes $40, i tried in SIM today it didn't work, can anyone help me out. I saw, the above script that Justin mentioned, can you please give me a easy example to understand it better, sorry i am newbie and learning new things day by day. @Justin shared, Long: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND Short: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Ask+0.05;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos+share;TIF=DAY+;BUY=SEND

Very helpful Robert.

i agree, i am in SIM but willing to learn before i moved to LIVE acct.

Thanks Aiman and Brendan. I would follow your advice in next trade.

Thanks Justin. I appreciate it. I am taking this approach because one of the contributor shows in Youtube how he adds the position and it is making averaging the situation. I installed Kyles's hotkey and it was always loss although very small loss. Then i tried adding position without adding stop loss, makes great profit though but still thinking that my strategy will suffer someday and today is the day. Problem in the kyle's hotkey (no offense kyle) i can't add position, if i add i can't sell/cover. Not sure if it is specific to SIM. For VWAP false breakout what will be strategy, how long i should wait. I waited almost 2 candlesticks for 1 minutes chart, is it not enough?