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Julien Maisan

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Posts posted by Julien Maisan

  1. Posted

    12 minutes ago, Sean R. said:

    I had this same issue and reached out to DAS. They confirmed this is how range orders work. Once your HighPrice is reached, the range order is converted into a limit order with no stop. 

    This seems like a dangerous way to handle range orders, since as you mentioned it's entirely possible for the stop side of the range to be canceled even when you still have a position.

    Ok good to hear that I am not the only one. 

    I think the only way to use them keeping your peace of mind when you leave your trade station would be to set an alert on your DAS mobile app when your target price is reached on the L1 ; and then, you can see if you limit order triggered or not.

    I have not done that yet but I will work on it as soon as I plan to leave my tradestation while in a trade.

    Let me know if you have any different ideas / advice.

     

    Thanks

  2. Posted

    3 minutes ago, Alastair said:

    This looks great.......currently I add a percentage when the trade is in my direction, guessing/calc in my head.  So this would stream line my percent adding I assume.

    Where do u suggest to double click to set the stop ?

    The new stop must be closer to the price than your initial stop to add risk on your trade (if not, the hot button miscalculates the share size). 

    Then for the stop placement it depends on your strategy, but I would still put it under a technical level where you consider your setup to be failed. 

    I hope it helps

  4. Posted

    Thanks Justin for your prompt answer. Actually, I think my question was not clear enough.

    My issue is when I am already long in a trade and I want to set a range order to leave my trade station (with a stop loss and a target in DAS). And when I did that today, I noticed that if the target is touched to the penny, it is transformed in a limit order and the range order is automatically cancelled at the same time. After that, there is a risk that the limit order is not filled (that's what happened to me today) and the stock tanks beyond my expected stop since my initial range order was automatically canceled.

    Can you better see my point now ? 

    I hope it is clear and that you can help me out 😉

     

  5. Posted

    @KyleK29

    Hi all, 

    I have an issue regarding range orders in DAS because I noticed that when it touches your target, it automatically cancels your range order (with your stop and target) and creates a limit order for your target. 

    Today, for the 1st time, my target was touched to the penny so the range order was cancelled and my limit order was not filled. Then the stock tanked against me and I could have lost much more than intended if I did not come back to watch my screen.

    Did anybody experience that before ? Is there a way to cope with that if I have to leave my computer for a while and set range orders ? 

    Thanks a lot for your answers.

    PS :  @KyleK29, I tagged you after asking in the chat ; and Bryan W told me you would be the person to ask that question !

  6. Posted

    Hi Guys,

    Actually, I did it by myself and it works pretty well after a 3 month test (in sim and live). You just have to tweak it based upon your fixed risk amount.

    I hope it will help you and let me know if you have any questions about it.

     

    To add 10$ risk LONG :
    CXL ALLSYMB;StopPrice = Price;Share=Price*100*Pos;Price=AvgCost;SShare=Price*100*Pos;Share=Share-SShare+1000; Price=Share/100;Share=Price;Price=Ask-StopPrice;SShare=Share / Price;DefShare=BP*0.97;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;SShare=DefShare-SShare;Share=0.5*SShare;Price=Ask+0.02;TogSShare;TIF=DAY+;ROUTE=LIMIT;BUY=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
     
    To ass 10$ risk SHORT :
    CXL ALLSYMB;StopPrice = Price;Share=-Price*100*Pos;Price=AvgCost;SShare=-Price*100*Pos;Share=Sshare-Share+1000; Price=Share/100;Share=Price;Price= StopPrice-Bid;SShare=Share / Price;DefShare=BP*0.97;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;SShare=DefShare-SShare;Share=0.5*SShare;Price=Bid-0.02;TogSShare;TIF=DAY+;ROUTE=LIMIT;SELL=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
     
    As usual, you have to change the route from LIMIT to SMRTL if you trade with IB, and the risk amount is multiplied by 100 in the hotkey script, so you just have to change the underlined and bold 10.
     
    Just one additional important point, it only works when your new stop loss and your new entry are in the direction of your trade, which anyway corresponds to your add strategy. However, if you select a wider stop for your add (which is theoretically impossible if you want to keep the same R amount), it still calculates a nb of shares (because one of the field used in the script automatically transforms negative values in positive ones)
     
    I hope it helps.
    • Like 2

  7. Posted

    Hey guys,

    I finally did it by myself and tested it the last 2 months (in SIM and then live) and it works pretty well ; here are the scripts :

     

    To add 10$ risk LONG :
    CXL ALLSYMB;StopPrice = Price;Share=Price*100*Pos;Price=AvgCost;SShare=Price*100*Pos;Share=Share-SShare+1000; Price=Share/100;Share=Price;Price=Ask-StopPrice;SShare=Share / Price;DefShare=BP*0.97;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;SShare=DefShare-SShare;Share=0.5*SShare;Price=Ask+0.02;TogSShare;TIF=DAY+;ROUTE=LIMIT;BUY=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
     
    To ass 10$ risk SHORT :
    CXL ALLSYMB;StopPrice = Price;Share=-Price*100*Pos;Price=AvgCost;SShare=-Price*100*Pos;Share=Sshare-Share+1000; Price=Share/100;Share=Price;Price= StopPrice-Bid;SShare=Share / Price;DefShare=BP*0.97;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;SShare=DefShare-SShare;Share=0.5*SShare;Price=Bid-0.02;TogSShare;TIF=DAY+;ROUTE=LIMIT;SELL=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
     
    As usual, you have to change the route from LIMIT to SMRTL if you trade with IB, and the risk amount is multiplied by 100 in the hotkey script, so you just have to change the underlined and bold 10.
     
    Just one additional important point, it only works when your new stop loss and your new entry are in the direction of your trade, which anyway corresponds to your add strategy. However, if you select a wider stop for your add (which is theoretically impossible if you want to keep the same R amount), it still calculates a nb of shares (because one of the field used in the script automatically transforms negative values in positive ones)
     
    I hope it helps.
     
    Do not hesitate to reach out if necessary.
    • Like 1

  8. Posted

    Hello All,

    I would like to have an Add hotkey calculating automatically my share size based on my actual size and my new stop loss to increase my existing position.

    All that is based on Aiman trading style building up a position when the trade goes his way.

    I think the script could be based on Thor's free-roll hotkey as he uses his unrealized to calculate automatically an add (see his script below) ; on my side, I would like to use my unrealized (potentially positive or negative depending on my initial entry) + my fixed R risk amount (let's say 10$) >> I think it should be possible tweaking a bit Thor's free-roll but I could not make it.

    If anybody could help me, that would be very nice.

    Thank you all !

    Julien

    Thor's free-roll for a long entry :

    CXL ALLSYMB;StopPrice = Price;Share=Price*100;Price=AvgCost;SShare=Price*100;Share=Share-SShare;Price=Share;Price=Share/100;Share=Pos * Price;Price=Ask-StopPrice;SShare=Share / Price;DefShare=BP*0.97;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;SShare=DefShare-SShare;Share=0.5*SShare;Price=Ask+0.02;TogSShare;TIF=DAY+;ROUTE=SMRTL;BUY=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

  9. Posted

    Hi Andrew & Ryan,

    Your opening strategies look very interesting for people willing to trade only for a few hours in a day which could eventually be my goal. But as I just get started, I am still looking for safer entries in less volatile market hours.

    I am wondering if you are using technical stop loss levels (which can sometimes be far from your entry) and aiming at least a 2R move as recommended by most moderators. Sometimes, without knowing precise Andrew's stop loss position, it can be difficult to know if he is making 0.5R or 2R out of a trade (even though the amount is often tremendous !).

    In other words, I am wondering if you are aiming :

    - a high win rate with lower average R per trade ?

    - or a 2R minimum R per trade with maybe a lower win rate ?

    I hope it is fully clear.

    Thanks a lot for your explanations ; I am looking forward to it !

    Julien

     

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