DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

 

On 2/28/2021 at 10:30 PM, peterB said:

you need to keep the BP there otherwise it would not work in cases which would require a bigger than you BP position size

the invalid price could be that you are trading a stock which has more than 2 decimal values but it is just a guess and you need to find out which work and which do not work but if a price is 0.274 and you want to set a stop at 0.270 it might be the case of rounding for 2 decimals. in that case you would need the Round3 command to implement into the script

Understood about BP...

Regarding the error message: I tried messing around with all types of "Round" and it doesn't work. But even if it worked, in your example would be perfect for prices with 3 decimals. But if I would use the same script for 0.0022 Bid and 0.0023 Ask, I would be screwed. It would be great if there was a function of "Round" to round always the last decimal ( NOT "Round2", "Round3", "Round4", etc.), so I don't have to make a lot of hotkeys differentiated by decimals. I was wondering maybe there is an easier solution to that or maybe there is a bug I should sort. Anyway... Thank You for your contribution Peter... Much appreciated...

[DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1]

Hi guys... Really delighted with finding your comunity. I came across Kyle's scripts with equilized risk and since then trying to implement them in my trading strategies. However they don't work for me all the time at the moment. More often than not I get the "Can't get valide price" error message. It happens randomly so it's hard for me to find the solution. I tried fresh installs and also older versions. I tried to edit the scripts in different variations. Nothing works. I mostly trade low priced OTC's and sometimes subpenny stocks. Yes, more often it happens when I trade those subpennies but sometimes it happens even with 0.50$ stocks. I was thinking maybe to include "Round" in the script, but I trade stocks with diverse number of decimals and it means that for each category of price I would have to make separate hotkeys with according "Round". Maybe there is something I am missing. Please have a look at the script I am using : CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Bid+0.00;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.00 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; 

I always trade using $ amount of risk. Can I delete the BP part from the script so it doesn't complicate it or it would be a stupid idea? 

It is a brilliant script when it's doing the job though...

Any help will be much appreciated...