the free roll is explained here https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part?r=1wujo4&utm_campaign=post&utm_medium=web while the keeping desired risk is different because with freeroll you click and see that clicked point to be break-even point while the other one is click and make the clicked point a desired risk amount of $ (theoretically can lower your number of shares too) freeroll - you add and risk 0 (as you risk unrealized only) add and keep the desired risk - you add and risk is desired amount (because you already partialed or have not yet reached unrealized but want to tighten the stop) how much shares are added in both cases depends on the distance fromt he actual price and the new desired stop. if your $150 stock risk $40 was on $1 or $149 and you tighten it to $149.90, to keep the risk $40 on $0.10cents (plus some) you need to add ~360 shares to be at 400 shares as 40/0.1(new stop) equals 400

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Hi everybody, For those that use TWS TraderWorkStation and are interested in the FreeRoll Strategy but are not using DAS platform, download the attached file and rename the extensión to .XLSM After openning the file with MsExcel, activate the macro that execute the lookgoal code. Completely safe. Here is the code: Sub Goal_Seek() Range("B7").GoalSeek Goal:=Range("B5"), ChangingCell:=Range("B9") End Sub Mod Mentions: @Thor @Alastair @KyleK29 @Abiel @PEPE-BBT free-roll-calc.txt

What up BBT! I'm looking for a hotkey that is similar to the freeroll hotkey, but it calculates and adds the amount of shares needed so if you stop out at your new stop, you'll lose your original -1R. Right now I'm using 100% / 150% / ect.. adds and estimating where my new -1R stop is, but I'd like to have something more precise. So assuming price went your direction, and you add, you're risking all your unrealized + 1R. -Chris

@KyleK29 Thanks for this awesome hotkeys. Do you know where I can find Thor;s Free Roll hotkey. Thanks!

Special Webinar February 14th, 2022 Topic of the Week Technology / DAS Trader Pro : Advanced Hotkeys for Risk Management, Part 2 Shared Clipboard Any of the scripts or pasteable items we make during class will be pasted in the code box below for each copy/pasting by you. WEBINARS link: https://forums.bearbulltraders.com/forum/97-technology-webinars/ TECHNOLOGY PAGE: https://bearbulltraders.com/technology-class/ ------------ For the Dynamic Risk hotkey scripts, please see the special "Relevant Links" section below. ------------ CALCULATOR SCRIPTS: FOR THE CALCULATE Scripts you must have an open position and a valid Stop Price populated in the montage's Stop Price ("Trigger Price") box. For best results, reload your current STOP Order by double-clicking it in the Orders window or double-clicking the QTY## portion on the order flag. These scripts will populate the dollar amount into the Montage's "Price" field. # Calculate Return at Double Clicked; Share=Price*100; Price=AvgCost; SShare=Price*100; Share=Share-SShare;Share=Share;Price=Share/100;Share=Pos;Price=Price*Share;TogSShare;Share=0; # Calculate Risk of Position; Price=AvgCost;Share=Price*100;Price=StopPrice;SShare=Price*100;Share=Share-SShare;Share=Share;Price=Share/100;Share=Pos;Price=Price*Share;TogSShare;Share=0; # Calculate Return PnL; Price=AvgCost;Share=Price*100;Price=Last;SShare=Price*100;Share=Share-SShare;Share=Share;Price=Share/100;Share=Pos;Price=Price*Share;TogSShare;Share=0; # Check Available Buying Power; Price=1; Share=BP; SShare=Share; Share=0; ------------ THOR'S FREEROLL: Thor's Freeroll, has very specific use cases. Please see Thor's videos / chatroom time to see how he utilizes it. IBKR Version - Short: CXL ABOVEAVGCOST;StopPrice = Price;Share=Price*100;Price=AvgCost;SShare=Price*100;Share=Share-SShare;Price=Share;Price=Share/100;Share=Pos * 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; Share=Share*1; Price=Bid-0.05;TogSShare;TIF=DAY;ROUTE=SMRTL;SELL=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY; IBKR Version - Long: CXL BELOWAVGCOST;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; Share=Share*1; Price=Ask+0.05;TogSShare;TIF=DAY;ROUTE=SMRTL;BUY=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY; --- All Other Brokers and DEMO - Short: CXL ABOVEAVGCOST;StopPrice = Price;Share=Price*100;Price=AvgCost;SShare=Price*100;Share=Share-SShare;Price=Share;Price=Share/100;Share=Pos * 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; Share=Share*1; Price=Bid-0.05;TogSShare;TIF=DAY;ROUTE=LIMIT;SELL=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY; All Other Brokers and DEMO - Long: CXL BELOWAVGCOST;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; Share=Share*1; Price=Ask+0.05;TogSShare;TIF=DAY;ROUTE=LIMIT;BUY=SEND;DefShare=10; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY; ------------ BHOD/BLOD: As always, use in simulator. Not widely tested. Know what you're doing. This is for specific high-of-day and low-of-day break scenarios.] This should work with any broker. Usage: 1) Double-click where you want your STOP to be if the HOD entry is triggered. 2) Fire hotkey script. 3) It'll calculate your share total based on the HoD price (for the ticker) + 0.01 value and your dbl-clicked stop location using $40 risk as set. 4) It sets a pending STOP order to OPEN a position on the LONG side if the HoD + 0.01 value is hit. Sets a TriggerOrder in the system to create a STOP exit order upon triggering. a) If the above pending order is cancelled without fulfillment, the Trigger Order should be cancelled out as well. b) If the above pending order is triggered (price => hod+0.01), the Trigger Order will fire and open a STOP exit based on the risk calculations for $40. LONG SIDE - HIGH OF DAY BREAK: StopPrice=Price;DefShare=BP*0.97;Price=HI+0.01-Price;SShare=40/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare; Price=StopPrice; Route=STOP;StopType=Market;StopPrice=HI+0.01;TIF:DAY; Buy=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:Price QTY:Pos TIF:DAY; DefShare=20; SHORT SIDE - LOW OF DAY BREAK: StopPrice=Price;DefShare=BP*0.97;Price=Price-LOW+0.01;SShare=40/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;Price=StopPrice;Route=STOP;StopType=Market;StopPrice=LOW-0.01;TIF:DAY; Sell=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:Price QTY:Pos TIF:DAY; DefShare=20; EXCEL on Thor's Freeroll logic breakdown, see "Relevant Links" section below. Relevant Links: - Dynamic Hotkeys Thread: DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1 - DAS Trader Pro Tips and Tricks - Bear Bull Traders Forums - Spreadsheet for Logic Breakdown of Thor's Freeroll Hotkey Script: https://docs.google.com/spreadsheets/d/1SgeHa0qysaFuZU6VbHJxcDOjhkx1pF-u8lkNcCqjprs/copy

Thanks man. Yes, Thor explains the freeroll in his webinar, but it's fairly straight forward, you should play around with it in sim. Basically what it does is it uses your unrealized P/L to add to your position, and puts a stoploss at your break even point. Basically to use the freeroll button you double-click the chart to define where you want to put this stoploss, then when you push the freeroll button it calculates and buys the amount of shares required.

AWESOME work man! I love using fixed risk hotkeys they make trading so much easier. I have been hearing a lot about the freeroll button but do not really understand it. Is there a webinar where Thor explains it by any chance?

The price had pulled back to the 9ma on the 1min chart. During this pullback the price dropped down and came up twice. Once it started to move up beyond that level I decided that, based on the way the stock was moving it was a good bet to add here. Like I said the way this stock moved was like no other stock I've traded before, going up so clean, and incremental like that. To be fair it was a very small pullback, and with the stock so extended it was kindof a risky add, that in the end didn't really increase my profit much. Thanks, I only started adding to my positions this week, so there maybe some luck involved. I use the freeroll button on the fixed risk hotkeys, not sure if you guys are using fixed risk, but this definitely simplifies the process and keeps your risk at 1R throughout your trade. The hardest thing is probably getting into the larger trends, before they become larger trends. Of course there is an element of luck to this, cause you don't know which will be the larger trends, but it seems to me that identifying trends EARLY is the secret to success. That point was made loud and clear with me missing the initial move on Ford today. By getting in early you can then then add on a pullback, which is where you would get in if you arrived mid-trend. I just think of adds as another trade, but your sharing the risk with your already successful trade, and your chances of success should be higher because you've been watching this stock like a hawk for the last 20 mins or whatever, you can see how it's behaving and you have had plenty of time to think about it. Those are my thoughts for now, but yeah don't think I'm quite ready to give a class yet, but happy to share more learnings and ideas that I have as I go along.

After waiting way too long I'm finally making the switch to DAS. I am using DAS with TD and having some issues with hotkeys/buttons. First I want to use the fixed risk hotkeys. In Demo mode the buttons work as intended, but in my real account they do not automatically put in a hard stop. Taken right from the room drive, but adjusted to $10 risk instead of $20. This is the script I'm using: StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=10/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=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; The freeroll hotkeys don't seem to work for me in demo or live accounts either. When I use the Stop B/E button or Trailing stop buttons it changes the order route to "stop" on the montage, so if I don't remember to switch it to Limit or Market none of my partial or all out buttons work. A little window pops up asking me for the numbers for a stop order which is not what I want. Is there a way to set it up so it doesn't change the order to "stop" or do I have to get used to switching it every time? Sometimes my partial hot keys don't work, but most of the time they do. Is there a fix for this or is it just a DAS/TD thing? Is there a "Flatten" hotkey script? One that closes your whole position whether you're long or short? My last 2 questions are about the DAS platform. Is there a way to set up a positions window that just shows positions from today? I'm using an account that has some swing and longer term positions in it, so I have to sort through about 15 positions to find the one I'm day trading. My plan is to move those positions to a separate account I have, but I need them in this account for now to keep my account above $30k. How do you make the line and price appear on the chart where the mouse is hovering over the chart? I've seen this in video's, but can't figure it out. I hate having to click and hold to see what price I'm at then click twice to use my hot buttons.

yes! excited for this hotkey! ive tried to modify the freeroll hotkey to do this, instead of a BE stop its a 1R stop. and instead of using unrealized to buy shares afforded, it uses a fixed dollar amount. With no success at this point...

Thanks Bryan. Some days I feel like I am in control and other days the green mist just comes over me. Today was just gambling and I am so annoyed - even though I made (virtual) money. Thors "freeroll" is a sound tip and I will start investigating this ...

I feel like this is a personal question and will have many different opinions. 25 entries, depending on your account size and position size, can really start to cost you quite bit in commissions. Are your entries technical, or are you just jumping into it because it started moving slightly in your direction? Could you have made just as much by holding your initial entry longer? Looking back, can you justify all of those entries, or at least half? I like the way Thor plans a second entry... They won't necessarily be large, but as a "freeroll", he won't lose "realized" money on it. If you are getting totally out of a position, and then entering again, I'd call that a new trade. Adding in, well, if you're entering with initial position sizing, I'd probably consider that a new position. Regardless of all this, if it's working for you, and the comms aren't eating up too much profit, then keep doing it! Find your niche and what works for you...