Terrence McIntyre
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Posts posted by Terrence McIntyre
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@KyleK29 Hey Guys, I'm trying to set a hotkey with a set $ risk vs a % risk. What I have so far is a trigger order hotkey that determines the amount of shares that I can purchase with $250 and that sets a stop loss for a percentage of that amount. What I'm looking for is a trigger order that calculates how much shares I can get with a set amount of money then set a stop loss for a set amount of money vs a percentage if that makes sense.
ROUTE=NSDQL; Price=Ask;ACCOUNT=TMCME9043; Share=250/PRICE;TIF=DAY+; BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost2*.90 ACT:SELL QTY:POS TIF:DAY+
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On 7/6/2020 at 6:17 PM, Justin said:Do you mean the hotkey from Kyle? It is not for a preexisting order. It sets a stop price and an enters you into a trade all in one hotkey.
Can you share the script you tried? That should prevent you from trading on your live account.
Essentially the same script from Kyle with the added ACCOUNT=TRxxxx
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;ACCOUNT=TRXXXX;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; -
Question from the script from Kyle its explained as you click on the chart to where you want the stop to be is that the price or the candle? I'm assuming the candle?
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Essentially the same script from Kyle with the added ACCOUNT=TRxxxx
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;ACCOUNT=TRXXXX;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; -
On 7/2/2020 at 12:14 PM, Abiel said:Kyle´s hotkeys do this for you, have you used it?
Can the script be modified to use sim the reason I ask is because I changed the script and added ACCOUNT=TRxxx and it entered a live trade.
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That hotkey from Das Trader creates a stop loss on a preexisting order correct?
DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1
in DAS Trader Pro Tips and Tricks
Posted
@Justin Prior to posting my question I checked out the spreadsheet and attempted to figure out how to use it for what I'm trying to do. Along with looking at the videos multiple times prior. I also viewed it again after your response. I'm still having difficulty figuring out how to do what I'm trying to do. It appears the solution that the spreadsheet along with the video solves is one of trading visually on charts with an automatic percentage or dollar stop loss. Where the user can click on the chart for where they would like the stop to be and trade goes through with the appropriate amount of shares and risk(percentage or dollar).
I use another program for my charts and would like to only use the hotkeys . Also I would like to figure out how not be maxed out at a account risk of 5% which is in the spreadsheet or a way to use a maximum of $250 per trade. For that I suppose Share=250/PRICE would work but with the number of times the Share variable is used in the script I don't know where to place it or if it will work.
Thanks for responding and all your help