danpadcas
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Potential no PDT rule for IB uk/eu clients
danpadcas replied to JohnC's topic in Day Trading Brokers
The 20K protection is in $ or € ? -
I'm also interested on getting fractals on my charts.
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Dear PeterB. Thanks for your prompt answer. I'm not sure if this is actually what I'm looking for. The script was found in this video of William; https://www.youtube.com/watch?v=kDgiWrNVE3Q&list=PL56lRFdZR_Ps8hUB2smcpE5R95yeN9SEl&index=4 He explains, you can risk exactly the same amount of $ per trade no matter if its a penny stock or a high priced stock as the script will automatically calculated for you the number of shares. Since I use $ Risk and I based my trades on R/R I've noticed the SL is way off from where I want it to be (usually LOD or at the low of the candle). This is what I want to change in the script in order to make it work if possible. I'm open to any suggestion such as (split it into two orders instead for example) I know I'm using an advanced hotkey and I'm a total beginner of DAS so I still need to get used to it. But since I found the script is a total game changer but it needs a bit of tweaking. Please see the screenshot as an image is worth a thousands words; This is a trade taken yesterday on ARCT m1 candle. On the screenshot here is what the horizontal red lines mean: - Red horizontal line with an E= Entry order - Red horizontal line with a SL?= This one represents where my SL should have been placed at LOD: - Red horizontal line with a SL= It represents the SL being placed when I opened the trade. -The two arrows pointing at each other is the HOTBUTTON I use to enter my trades. SCRIPT I use: 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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; I hope my explanation helps. Regards
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danpadcas started following DAS Trader Pro Tips and Tricks
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Hi all happy to be here. I'm currently using the script on DAS that equalized $ RISK per trade. However, I want to adjust my SL being at the low of the candle if possible. I was told it might not be possible due to the limitations of DAS so I wonder if the script can be split into two orders in order to make it work. Also, another alternative would be the STOP LOSS placed at the low of the day since I primarly trade the opening on m1 candle or m2 candle. Any help would be greatly appreciated. Many thanks in advance. Here is the script; 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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
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