Jump to content

adrian

Lifetime Members
 View Profile  See their activity

  • Content Count

    21

  • Joined

  • Last visited

  • Days Won

    1

Posts posted by adrian

  3. Posted

    hey guys,

    Been inactive on the forums since I've joined in 2017.

    I think it's a good idea to start a Singapore-based discord group so we can trade together and talk through our trades on a daily basis and learn from each other.

    I found that it difficult to type on the chatroom while trading since I'm a scalper most of the time.

    I've set up a discord room, join us fellow traders

    https://discord.gg/M5zX27z

  4. Posted

    1 hour ago, peterB said:

    this would immediately close your position so you need to wait a bit if the price action moves in your direction or against right from the entry. Then it is easily possible to update the stop loss to break even.

    though i do not know exactly why you need this behavior on your trades i do not recomend you to do it so because you would need only the 100% correct entries when the price goes only in your direction and not against nor sideways which is nearly impossible. there is always some spread...

    Thanks for this Peter.

    I was thinking of setting an entry on breakout trades. e.g. price now 10.00, set stop limit entry on 10.01, price goes to 10.01 trigger entry order go long on 10.02, price goes to 10.03 retraces to 10.02 sends trigger order for stop limit order on 9.98. the variables can be adjusted for a larger stoploss distance from entry tho.

  5. Posted

    On 1/18/2020 at 8:25 AM, Aiman Almansoori said:

    Hello everyone! 

    Me and the team usually get a lot of e-mails asking for the hotkeys we're using or for some simple hotkeys; Therefore, we created a list of the most frequently used/asked for hotkeys. This is just a beta and short version, and we will keep adding to it depending on your request. This list will be worked on not only by us moderators, but by you as well if you wish! Please share in the comments some of the hotkeys you use a lot which aren't in the list and we will definitely update it, you can also ask for any hotkey you think you miss, and if any member replies with it in the comment it'll be also added to the list! 

    https://docs.google.com/document/d/1zLMOpPymZfydidPuu_e0HXjvMjHCUbUoaWgVWab5DO8/edit?usp=sharing

    The hotkeys have been tested in DAS trader DEMO account and DAS/IB, still make sure to test them in simulator before trying them live!

    Thanks all.

    Hi @Aiman Almansoori @KyleK29,

    I'm trying to tweak one of the hotkeys you have included in the link above for a stop limit long order, limit long order both including stop limit stoploss orders.

    Some parts of the hotkey code is a bit confusing for me so would need your help and hotkey experience to make this work.

    If you have some time to spare, I would be grateful and appreciate if you can help me with this.

     

    The main concern is using limit bids/ask instead of marketable limit orders and market stops.

     

    The first hotkey is a "long entry on limit bid" hotkey, what I need it to do is:

    1. enter long position on limit bid+0.01 - on dynamic size at a risk of $20 per trade, based on the stops clicked on the chart.

    2. once the long position is complete, trigger a stop limit order when price retraces back to the entry price (average cost of my shares in the long position), posting a sell stop limit order to the markets at the price I clicked on the chart.

    Below is the hotkey code I tweaked (not sure if properly done):

    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=LIMIT;Price=Bid+0.01;TIF=DAY+;BUY=Send;DefShare=100;TriggerOrder=RT:STOP STOPTYPE:LIMIT PX:StopPrice ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+;

     

    I think the dynamic entry part should be correct. I'm just not too sure if the trigger order codes are correct. Specifically the "stoptype:limit" or "route=limit" part. Can you help me with this please?

     

    The second hotkey is a bit more confusing.

     

    This is a long entry on STOP limit hotkey, what I need it to do is to:

    1. enter long position on stop limit ask+0.01 - on dynamic size at a risk of $20 per trade

    2. once the long position is complete, trigger a stop limit order when price retraces back to the entry price (average cost of my shares in the long position), posting my stop limit order to the markets at the price i clicked on the chart.

    below is the second hotkey code:

    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=STOP;Price=ASK+0.01;TIF=DAY+;BUY=Send;DefShare=100;TriggerOrder=RT:STOP STOPTYPE:LIMIT PX:StopPrice ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+;

     

    For this the trigger order issue is the same as the first hotkey, I'm not too sure about the stop limit order and how that might work, do I need to add a "px:stopprice" to the dynamic long position part of the hotkey code?

     

    Many thanks guys!

     

     

    • Like 1

  11. Posted

    Hey guys! It's so rare to see any daytraders in Singapore trading the US markets, most of the traders here are trading the SGX or just passively investing in REITs and "blue chips"

    IS THERE ANY SINGAPOREANS AROUND WHERE WE CAN BOUNCE IDEAS OFF AND TRADE TOGETHER !?

    Join our Singaporean Group ! 

     

  12. Posted

    Hi Robert,

     

    yes, I'm looking for ideas like those you mentioned about bull flag and VWAP false breakout. Like what to expect for time-based stops, or activity/price-action based stops.

     

    About the 5-15 second surge for bull flags: you get out of a bull flag trade after 15 secs if it doesn't play out ?

     

    For the VWAP, what's your definition of "decisively away from vwap"? how many 1min / 5min candles away (and how tall the candles should be? or is it irrelevant?) from the first break of the vwap? and does volume come into the picture for this continuation of the break of vwap? or just average volume would be ok ?

     

    Many thanks Robert !

     

    Trying to figure things out here. Pardon the barrage of questions ~

     

     

     

     

     

     

  14. Posted

    Hi all,

     

    Not sure where to post this. It's about trading intuition during live positions.

     

    Through the chat room, some observations I have is that Andrew enters certain trades and exits when it doesn't "feel right". i.e.:

     

    1. Volume comes in above average - price not breaking up or down significantly.

    2. Price breaks up or down a consolidation - volume doesn't come in to support the price move.

    3. Price makes HH or LL in 1/5min charts - volume doesn't come in to support the price move.

     

    My question:

     

    I was wondering are there any more such "red flags" that are developed through years of experience that can help us new traders exit a trade before they blow up on us.

     

    Many thanks.

     

    Adrian

     

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

  I accept