Robert H

That script is located here:

There is no loan or interest paid for intraday positions. However, if you end the day with negative USD and don't exchange funds to zero this balance owing, then there is interest. This is why I ensure I always have some USD per step (3) above.

@toan0820 Did you configure the app per these instructions:

In Class 1, we actually advise users to uncheck this box for all studies except Price (Candle). The reason being what you mentioned: the chart will be compressed more often than not.

I noticed you describe your trades using the 1-minute chart. Do you also trade based off of that, or do you use the 5-minute for identifying setups? Just curious since the short duration trades reminds me of when I use to pay too much attention to the 1-min. Thanks for sharing.

Marketable limit orders are market orders since we hit the bid/ask. Don't let the name fool you. SMRTL is just IB's proprietary routing. Not sure what route is used when left blank. Probably the route listed in your montage dropdown under ROUTE.

Since your hotkeys use BP %, default Share won't affect you. AON means 'All or None.' This means you intend to get the order filled completely and no partial. You rather have the order skipped when it can't be filled entirely. ANY means you don't care if the whole order is filled and partial is OK. I use ANY. Route should be SMRTL if you're with IB. Not sure what the other brokers default route is.

There are 3 options in the Global Order Templates: Sim, Live, Blank Whichever you select in the Global Default will be the default in your Montage (as long as that Montage has "Use Global Default" checked).

@KyleK29 I am amazed by how much effort you've put into this solution. Thank you on behalf of the entire Bear Bull Traders Team! Would it be possible to automatically send a STOP MARKET order along with the buy/sell execution? The following script only sends a STOP with some arbitrary price relative to Average Cost: Share=Pos;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.10;TIF=DAY+;SELL=SEND How cool would it be to double-click your stop level, automatically calculate share size, send the order, and send a stop order with the press of one hotkey. Thanks!

That's just the standard calculation used in the industry. ATR based on prior 14 day period.

@tardi44 that's me!

Here's my buy hotkey for reference: ROUTE=SMRTL;Price=Ask+0.05;TIF=DAY+;BUY=Send It really depends on the volume, liquidity, and volatility of the stock. Sometimes I get filled right at the ASK, sometimes there is a few cents slippage.

Hi Seamus, I'm not sure why my screenshot has no ECN fees listed. I use the +/- 0.05 hotkeys as well. Those by definition remove liquidity (hitting the bid/ask) and are subject to ECN fees. I'm with Interactive Brokers and my per share commission is 0.0035. Total per share after fees (SEC+FINRA+ECN) are about 0.005, so I assume those work out to 0.0015 per share. I believe people with CMEG are paying slightly more than that for ECN.

Are you in simulator? I found that you will normally get filled at the extremes of your hotkey +/- tolerance. This leads to worst case scenario fills compared to real life execution. @PeterD noticed the same thing.

@George C My two cents: taking first partial after 10 cents is too soon. I try to take first partial after 1:1 risk/reward or 0.20-0.30 (depends on ATR and stock price). If the trade goes in my direction but fails to reach that, I then bail out of the trade at break-even or tiny profit.

Try asking IB/CMEG support for a definitive answer. I know that my Canadian broker allows transfer of securities, but this is in Canada.

We're returning to the old format which had 2 tabs: one for stocks and one for off-topic. Let's see what the community's opinion is on having 3 vs 2.

Bump for new tutorial video in original post.

@Jan R I've since upgraded PC's to the ASRock DeskMini GTX 1060. It supports 4 displays whereas my old DeskMini 110 was limited to 2 displays.

@JohnG The middle monitors are 3440x1440 and the sides are 2560x1080.

Yes, the deal is still on: https://speedtrader.com/bearbulltraders/ Some members have reported certain stocks not available for short. Not sure which stocks in particular.

The minimum deposit was $10k USD when I opened my account in February, 2018. Another member mentioned that it has been lowered to $5K USD. Please contact IB Support to be sure!

Relevant:

A better example is taking 1,000 shares with a $25k account. Since your buying power is typically 4:1, you can take a position up to $100k using leverage. 1% of your account is $250. This means 0.25/share on 1,000 shares. The important part is to find a stop loss at a technical level, and figure out the per-share loss. This will determine the maximum share size you can take. Stop loss first, share size after. Using the same numbers above, a 0.50 stop loss would mean taking 500 shares. And so on and so forth. The 1% rule is a maximum. You can always risk less, but never more. When I traded 100 share lots, I pretended that my account was $2,500. All risk management and daily goal/loss calculations were based off $2,500 and not the full size.

Check out Andrew's ORB scanner as a starting point. Cloud link: http://www.trade-ideas.com/Cloud.html?code=a151665e41a756e75f8805afaa78c073 Forum post discussing the scanner below.