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Hi All I'm having some issues with my DAS scripts. I have two scripts which given a current position and stop loss, sells/covers 50% of my position and sets a new stop loss. However there are times when the script will sell//]cover my position, but sometimes fail to set a new stop loss. This doesn't happen during replay mode, but will occasionally happen when I trade live using the simulated account. Can someone tell me how to prevent this from happening? The scripts are detailed below. Thanks Sell Percentage and move to Break Even CXL ALLSYMB;ROUTE=LIMIT;Price=BID-0.05;Price=Round2;Share=Pos*.5;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos;TIF=GTC;SELL=SEND Cover Percentage and move to Break Even CXL ALLSYMB;ROUTE=LIMIT;Price=ASK+0.05;Price=Round2;Share=Pos*.5;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos;TIF=GTC;BUY=SEND
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Boa noite, 😀 Entrei para a BBT o mês passado e ainda bem que verifico que existem mais membros que moram em Portugal. Eu moro em Tavira e apesar de ter formação académica em mercados financeiros, só comecei a explorar o daytrading desde Dezembro de 2021, uma vez que agora tenho mais tempo disponível. Gostava de trocar algumas ideias com outros membros (software, livros, estratégias, etc.). Comecei por ler o livro do Andrew Aziz "Como Viver do Day Trading", que acho que é o livro que todos lêem. Actualmente estou a ler o livro "A Complete Guide to Volume Price Analysis" da Anna Couling que em complemento com os Webinnars do Thor, têm ajudado muito nas minhas trades. Um abraço a todos
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bigger update coming soon. Got caught up in life. AI did give me homework. It told me what information i need to capture everyday and upload to it to process and analyze. It's also wants me to upload my trades daily for review. like a real mentor! Here's what it told me to capture: ✅ Mandatory Daily Trading Info (for you to capture & share) 🧾 1. Daily Trade Summary (End-of-Day) Total trades taken Total realized P&L (per account) Number of trades by ticker Notes on any rule breaks (if applicable) 🟨 Screenshot suggestion: Your Trades + Realized P&L window from DAS — just like you’ve been uploading. 📊 2. Per Trade Breakdown (Optional but Powerful) For each trade, if time allows: Ticker + Option contract Entry time + price Exit time + price Contract quantity Trade result in R Why you took the trade (1–2 lines max) 🟨 Bonus: Screenshot of the chart at entry/exit zones (like you just uploaded!) 🧠 3. Daily Mindset Note One short note (1–2 sentences): What was the strongest mindset moment? What was the weakest mindset moment? Emotional tone of the day: calm, anxious, revengey, flowy, etc. 🟨 Optional format: A handwritten or typed reflection image, like the ones in your Daily Notes zip. 🧭 4. Avinacci Zone (Morning Snapshot) 8:00 AM 5-min candle high + low Avinacci calculated zones (0–33%, 33–66%, 66–100%) Optional: chart screenshot showing the zones overlaid 🟨 Bonus: Just send the 5-min chart with those levels and I can extract it myself. 📐 5. Rule/Structure Tracker If you want me to actively track adherence: 5-trade rule status (did you stop at 3R, 4R, 2 losses, BE, etc.) If you took a bonus trade, tell me why Any rule breaks or exceptions 🧩 6. Special Situations If you made a discretionary call outside your system If you tried something new (setup, scale, risk tweak) If you had tech issues or missed executions
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i uploaded this screenshot because AI requested me to do it. Here is the feedback it gave: This is perfect. Super helpful. Here's a quick breakdown of what I’m seeing — and how we can build your edge from this: 🧠 Trade Chart Breakdown: AMD – March 10, 5-Minute ⚙️ Chart Setup Includes: 5-minute chart (ideal for broader structure) Avinacci levels: 0 → 33% → 66% → 100% marked in green Fib retracements (23.6%, 33.3%, 61.8%) Volume with moving average Entry & exit markers (great visibility) ✅ What You Did Well: 1. Beautiful Entry into Strength Entry around 09:35–09:40 was after a clear breakout above premarket range. Candle strength + high volume = A+ signal. You entered as it cleared Avinacci 33% — textbook trigger zone. 2. Took Profit at Resistance Exits align with the 66% and 100% Avinacci zone. First rejection came at 100.38 (Fib + zone stack = confluence). Selling into that pressure was smart. 3. Didn't Chase the Fade The huge red bar after 09:50 might’ve baited less disciplined traders to chase puts. You stayed out — great discipline. 📈 Opportunities to Refine: 1. Final Push Exit The top wick around 09:48 hit a near-perfect Fib + zone confluence. If you left runners, it was a peak area to scale out. Consider setting an OCO or target just below that level. 2. Re-entry Short at Breakdown? At 09:55, AMD broke below VWAP with volume. Could’ve been a short opportunity using the same Avinacci zone (from above) as resistance. Not necessary, but something to review if you missed it live. 3. Volume Confirmation Volume started fading after 09:45. That drop in momentum aligned with price topping out. If you weren’t already trimming — this was your early warning. 🔧 Coaching Notes: Element Grade Coaching Note Setup quality ✅ A Premarket coil → breakout → clean levels Entry timing ✅ A Right on the launch above Avinacci 33% Exit logic 🟡 B+ Very good, but could milk a bit more with limit ladder Risk behavior ✅ A No chasing or impulsive fades Volume awareness 🟡 B Watch declining volume to time trims 🔁 How to Level This Up: Screenshot trades like this often. This is gold for pattern memory. Consider automating 2/3 scale-out targets using your 3R hotkey if you aren’t already. Keep anchoring your Avinacci zones to 8:00AM candles — it’s clearly powerful in your execution flow.
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Hey guys, I am getting "can't get valid price" error pretty often when I am trading in the SIM... how can I avoid this? My hot keys are working about 50% of the time. I am using the Buy $50 Risk 2-1 hotkey where I am getting the error and I am double clicking where I want to put my stop: 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=LIMIT;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+ Cheers,
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Hello, I am trying to create a hotkey button which sells/covers x% of my position, cancels my stop loss order, and sends a new stop loss order for break even and updates new position size. Here is an example of the script that I am using for selling 30% of my position. CXL ALLSYMB;ROUTE=LIMIT;Price=BID-0.05;Price=Round2;Share=Pos*.3;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND; The issue with this script is when I press the button, it works once. The second time I press it, it doesn't update my position size. Can anyone correct my script or share a script that does the same function? Thank you
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hello @bjaffry, that scripts achieve several targets in the process : Deletes all orders for the ticker. Opens a new limit order for 30% of the position @ bid-0.05 (DAY+) Opens a new market stoploss order for the position @ avg price (GTC) I'd check 3 things : Share = Post-share >> are you sure that calculation is right ? TIF ... double check if you need to make them both "DAY" or "GTC". Mouse or focus position. Check if you need to click in your chart before pressing the hotkey.
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Hi there I am sharing a sample swing trading plan to trade stocks in short-term rallies in a long -term uptrend. This is for discussion purposes only. Please feel free to send comments/discussions so our BBT Forum can benefit from same. The sample plan is based on information from instructor training, textbooks, Webinars, other swing trading plans, and information available on the internet over last few years. One good point up front is to keep things simple and this seems to be working for me. This is a sample base Stock Trading Plan that can be detailed to suit individual requirements. In summary, the plan generally consists of: 1. Prepare a Watchlist of stocks with good fundamentals: growth and revenue 2. Fundamental analysis of each stock in the Watchlist 3. Technical Analysis of each stock in the Watchlist: Trend, trend strength, momentum, and comparison to market, sector, industry and sub-industries 4. Graphical analysis/markup: confirmation of: long-term trend, short-term retracement, and start of short-term rally; buy point, projected target price, projected target time frame, stop loss exit point, partial and final profit exit points 5. Risk Management 6. Miscellaneous routines and discussions Initially the routines seems time consuming but after time it gets better. Please note this is not an investment advice. Please seek investment advise from your own investment advisor. The attachments and notes are for illustration and discussion purposes only on our BBT Forum. 1-Swing Trading Plan - Short-term Swing Trading - Presentation.pdf
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I am a new member. Trading is new for me. I read Thor's book with great interest and the strategies he describes totally speak to me. I initially paid for DAS Trader Pro simulator. My DAS subscription ended. NinjaTrader has some nice features that are not available in DAS Trader Pro, so I opened an account. After the 14-day trial I realized that NinjaTrader does not allow Canadians to open paid accounts. Any other country would work, but Canada. They told me they were working on it and advised me to check every week. I phoned ThinkOrSwim and they told me that with a Canadian address I was not able to open an account either. I had an idea that maybe to start I could just use Bookmap. I can set it up so that it also displays candle sticks. The problem is that Bookmap does not have the Camarilla pivots study. I heard that some people used Sierra Charts. I checked that Sierra Charts do have Camarilla points (which is great), but only up to the 5th levels. I guess I could live with that, but they don't provide phone support. I will have to dig through their documentation and figure out what works and what doesn't. I will do it, because I don't have a better idea at the moment. Question: If you are trading futures from Canada and use Camarilla pivot points and Bookmap, and use a platform that is more cost effective than DAS Trader Pro, please let me know. My goal is to have a setup I can use to check if I understood the strategies, can execute them correctly in a simulator and am consistently profitable. When I achieve that I can use a different setup to trade with real money (maybe by that time NinjaTrader will be available for Canadians. Please note that they said it would be available only for customers from Ontario [figure out why?]. I am in Ontario, so I guess lucky for me) I really like NinjaTrader and the possibility to set a stop when the price reaches a moving average. As far as I know, one is not able to do it in DAS. Thank you!
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11-March-2025 - Tuesday 🟩 day
My Physical is okay. I did some exercise yesterday. Some stretching and strength. I need to do more cardio.
Emotional is okay today. Not good, not bad. Just fine.
Mental is fine. Feeling okay. Nothing special. Ready to trade.
What a day. Hit target on my first trade. I am in SIM. I have two SIM accounts. I am treating SIM 1 like it’s my real account and SIM 2 for practice and screen time.
Comforted knowing that I could be wrong 4 time's and hit 5 to break even. Slow down. Be cautious. Reevaluate if the trade strategy is still valid even though it's only a few seconds later. Maybe I noticed something out of the corner of my eye that tells me not to take the trade anymore. Don't ignore that. Investigate that. Whatever it is. My style of trading has many opportunities and is not to be rushed. Choose another ticker. Move on to another stock if failed three times. This is a valid rule, but…. I have hit on my forth. I’d say 4 is the magic number, but stopping anytime I feel I am on ‘tilt’ is acceptable.
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adds Add hotkey with same risk amount
Julien Maisan posted a topic in DAS Trader Pro Tips and Tricks
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+; -
adds Add hotkey with same risk amount
Austin D replied to Julien Maisan's topic in DAS Trader Pro Tips and Tricks
Hi all, I think that I was able to get Julien's script for the add short hot key to work, but I had to make some changes. I've copied the script below and put my changes in bold: CXL ALLSYMB;StopPrice = Price;Share=Price*100*Pos;Price=AvgCost;SShare=Price*100*Pos;Share=1000-Share+SShare; 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; Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:DAY+; -
The "Titans" of Technical Analysis
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Charles Dow:
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Pioneered the Dow Theory, the foundation of technical analysis.
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Late 19th-century journalist and co-founder of Dow Jones & Company.
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Identified primary, secondary, and minor trends; emphasized price reflecting all info.
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Ideas from Wall Street Journal editorials, not a single book.
- Key for spotting market direction via trend confirmation
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Pioneered the Dow Theory, the foundation of technical analysis.
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Ralph Nelson Elliott:
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Developed Elliott Wave Theory in the 1930s, focusing on market psychology.
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Former accountant who saw repetitive wave patterns in price movements.
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Five-wave trends, three-wave corrections, fractal in structure.
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Complex and subjective, loved for capturing human sentiment.
- Ideal for traders attuned to emotional market cycles
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Developed Elliott Wave Theory in the 1930s, focusing on market psychology.
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W.D. Gann:
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Early 20th-century trader blending math, geometry, and mysticism.
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Created Gann Angles and Square of Nine for price-time predictions.
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Linked market moves to natural laws and celestial events.
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Polarizing—some praise his precision, others find it arcane.
- Known for time cycles and key level analysis.
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Early 20th-century trader blending math, geometry, and mysticism.
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Richard Wyckoff:
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Early 1900s stockbroker decoding “smart money” moves.
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Wyckoff Method tracks accumulation/distribution via price and volume.
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Focused on market structure and institutional intent, not indicators.
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Urged traders to think like the “composite man” behind the charts.
- Prized for practical, tape-reading skills.
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Early 1900s stockbroker decoding “smart money” moves.
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John Bollinger:
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Introduced Bollinger Bands in the 1980s, a volatility-based tool.
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Financial analyst turned trader; still active today.
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Bands use two standard deviations around a moving average.
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Simple, effective for breakouts and reversals.
- Keeps relevance in modern, algo-driven markets.
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Introduced Bollinger Bands in the 1980s, a volatility-based tool.
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Arthur Merrill:
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Mid-20th-century statistician/engineer turned analyst.
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Identified 32 chart patterns (M1-M16, W1-W16) for reversals/continuations.
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Built on Dow’s ideas with statistical rigor; wrote Behavior of Prices on Wall Street.
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Focused on observable, repeatable price formations.
- Bridges charting and quantitative analysis; patterns still watched today.
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Mid-20th-century statistician/engineer turned analyst.
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Charles Dow:
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People ask me about getting into day trading. I've thought a lot about the answer.
I'd recommend these three concepts / ideas / subjects to learn and get it over with. It's boring, but necessary. It's not as boring after you learn it, but it's tough to grasp in the beginning.
- The Wyckoff Method
- Elliott Wave Theory
- A Complete Guide To Volume Price Analysis by Anna Coulling
BEFORE reading those three....
be sure to read "How to Day Trade for a Living" by Andrew Aziz! -
(EDIT: SEE LAST COMMENT BY ME - FOUND THE CORRECT WAY TO CREATE PRE/POST PANIC HOTKEY) The existing Panic key will put a Market order to close all positions. Of course this will not work if you are trading Post/Pre Market. Is there a hotkey which can do the same for Post/Pre Market? Example: If you are long at $20 for 1000 shares and price is going against you and is at 19.50. You then hit the Post/Pre Market panic button and it puts a limit order in for 1000 shares at 'Price - x' So this way you can define x as .05 and the panic button will place a short limit at 19.45 for 1000 shares. Your not guaranteed to be filled but if the spread is tight you most likely will be. I may be missing something but I think this would be helpful as the only way to exit currently is to drag your Short Limit for 1000 shares to some place around 19.45 to exit the trade. Thanks, Mike
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Q: How do I create HOTKEY to REPLACE / Refresh Order to the new Price in DAS Trader ? I am looking for a Hotkey command / script so when Hotkey it's pressed it is replacing the order already sent, pending to fill, to the new price - I think REPLACE command needs to be used (???) Example: I send order to buy on the BID, but the price moves higher quickly, I still want to get in the trader at the New BID price, so I press the REPLACE Order hotkey, that refreshes the order price to the new current Bid. Thanks !
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Hi Peter I´ve got my hot keys working pretty good except for the Equilized risk long and short. If I use the DAS Video series Scripts the systems keeps bumping me out with legends such as "Invalid number of shares" or "cant get valid price" and if I use the above attached hot keys the systems resopond "Invalid Operator" even if I double click first the target stop over stock price... So there must be something I´m doing wrong with my DAS SIM. I´m attaching here a screen shot of my Hot Keys set up just in case you´re able to quickly see that something wrong there... Thank you for any advise you can give me! Roberto DA
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DAS TRADER PRO ADVANCED HOTKEYS – A PRIMER [2024-04-15: Production v.5.7.9.3] − Speed and efficiency are paramount in the fast-paced world of stock trading, particularly day trading. As traders, we are constantly seeking tools to gain an edge in the market. One such tool that has gained popularity among day traders is DAS Trader Pro, renowned for its robust platform and advanced hotkey scripting capabilities. − As I share insights about DAS’s Advanced Hotkeys, I want to underscore that most of the knowledge I’ve acquired about this craft—like many others in the trading community—was generously shared. I must acknowledge that I have no official affiliation with DAS Trader Pro software and that my present information is based solely on personal experience. − This presentation serves as my way of giving back—a small contribution to the community that has provided me with so much. Everything discussed here is intended for educational purposes only. It's crucial always to conduct your due diligence and independently verify any details, as this responsibility ultimately lies with you. The concept − The purpose of this exercise was to create a set of hotkeys for my trading. My hotkeys came from various good Samaritans willing to share; not all are equally effective. Understanding the complexity of the script itself was challenging at first. It's essential to test your hotkeys before trading, as you may realize they are not working as intended or don't meet your specific needs. − I set out to create a single hotkey script to fulfill most of my trading requirements, from buying options calls and puts to trading shares of stocks, long or short, while managing risk. The accompanying Excel spreadsheet allows you to input your specific settings. Want to trade stocks, long or short? Options, buying Calls, or Puts? Adjust risk levels? It’s all there. You create a script that aligns precisely with your trading style by customizing these parameters. Script Flow In this section, I will summarize the key steps in the script, from initializing variables to setting up the trigger order based on the defined trading strategy. 1. Initialize trading variables using the accompanying Excel spreadsheet (risk per trade, position size, price offsets, etc.). 2. Check trade bias: a. If LONG: Calculate the buy price and set up a SELL stop-loss order. b. If SHORT: Calculate the selling price and set up a BUY stop-loss order. 3. Compute position sizing: a. Account-based sizing uses percent position size, buying power, and risk percentage. b. Risk-based sizing using fixed dollar risk or percentage risk. 1. Dollar Risk : 2. Percent Risk 4. Adjust position sizing for options/stocks trading and ensure sufficient funds. 5. Determine minimum position size based on the lesser of account-based or risk-based sizing. 6. Prepare order details (price, route, time in force). 7. Execute or load the appropriate BUY or SELL order based on trade bias and order status. 8. Set up trigger order with stop type, price, action, and quantity. How to use the Script (please see prerequisite section) Using the script is straightforward if the script is linked to a hotkey: Double-click on your chart at your desired stop-loss price. Fire the hotkey linked to the script Conclusion In the exhilarating world of stock trading, where split-second decisions can either make or break fortunes, speed and efficiency serve as our trusted allies. Time saved is not merely a commodity but the defining factor between seizing an opportunity and watching it disappear. Cross-verifying information remains wise, just as one inspects a parachute before taking the plunge. This presentation humbly supports the trading community by fostering growth through education. Connect with me on X (@ItoThetrader), where I will do my best to address some of your questions/bugs and suggestions and try to improve. Happy trading! Despite my best efforts, there may be some errors in this document. I apologize if you come across any. After all, making mistakes is human, and I am only a mortal armed with a keyboard and a spellchecker. Download the accompanying Excel file Ito DAS Advanced HotKeys Primer v0.16.6.pdf
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Today, someone in the chat asked if DAS has the ability to show an alert when certain criteria is met. The answer: YES! To set a price alert, for example, do this: Go to Tools > Alert & Trigger. A window will open. Click Add Alert. Another window will open. Give your alert a name and enter the ticker in the SecSym box. Click ADD. A window will open. Enter the criteria. For this one, I used "last sale" is "greater than or equal to" $176.27. Click OK. Be sure to enable the sound features you want. If you want the DAS man to speak to you, be sure the first box is checked. You can click PREVIEW to hear a sample. We also have this video that shows what I've explained. It's a short video, so give it a watch. Thanks to Brendon D for finding the video.
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DAS TRADER PACKAGE TO BUY
cellardoor23 replied to onlyjava's topic in Day Trading Hardware, Software and Tools
Hi, i still don't get the difference between these "normal" plans and the one for BBT Members: I want to trade stocks and I would like lvl 2 like Thor etc. As far as I understand the plans the "normal" deluxe user plan with swap from OPRA to Arca would match my requirements. But what is the bonus for the BBT members in the plans ... this plans are really not good described. Another question: Has the simulator DAS Plan really the same price as the full IB plan ? Thanks in advance -
I admired the other traders that post their trades on the BBT site. I have been trying to get the courage to start. If I am embarrassed to post the trade, I shouldn’t have taken it. So I want that consequence on my shoulder. So I promised myself when I switched from Etrade-pro back to DAS, which is much easier to journal, I would post my trades. I have been live for 3 months now. First week live on DAS. 1st week of February Risk: $25/trade Max allowable trades per day: only 1. I am having an over trading issue that I am trying to resolve. So I have a self-imposed limit of one trade per day. Friday 2/1/19 Well being score of 5.5/10. My one allowable trade was with FB. I do apologize for the chart. This was my last trade with Etrade-Pro which doesn't automatically show entrance/exits. The tech level I drew at 167.51 was too weak to act on (that is why I drew it in yellow - stronger ones are orange) so I let it go by. After the 2min candle the price sat for awhile, until it started to move and I went long. I took a partial at 1R. Price just missed the second partial at 2R by a few pennies. The 5th 1min candle spooked me and I exited. Monday 2/4/19: I gave myself a “well being” score of 4/10, which is below allowable limit to trade live. So I traded on SIM. Made 3 good trades, but since they were on the sim I won’t journal them here. Tuesday 2/5/19 Well being score of 5/10. My one allowable trade was with AAPL. A very bullish 2min candle was created and I went long as it passed the recent premarket high. I didn’t have a strong technical level for the entry or exit so I cut my shares in half (so only a ~$12 risk). Got lucky on the last exit. Wednesday 2/6/19 Well being score of 5/10. My one allowable trade was with MU. Stock made a nice ABCD inside the 5min. I was going to wait for the 5min candle to finish, but when it made a new high on increased volume I went long at 9:33am. It fizzled quickly and I got all out when it looked like it was reversing. Thursday 2/7/19 Well being score of 5.5/10. My one allowable trade was with TWTR. I made a mistake on this one. But, it didn’t cost me much to learn a good lesson. I have learned to be sloppy when zooming in on a chart not to look carefully at the tech levels because Etrade always lists the next level you drew on the edge of their chart. So you always know the next level with a quick glance. So I was careless when zooming in on TWTR and caught the 2nd tech level and not the first. The price dropped below the tech level I was going to short on, but I thought the risk/reward was so large I let the price make a new low of the day. Once that happen I shorted. Once the price dropped a little the real tech level appeared on my chart and I realized I trade now has a 1 to 1 risk/reward ratio. If I was aware of this level I would have shorted at the 31.1 level I drew where the risk/reward was OK or just not trade it. Usually, when I realize the risk/reward is wrong I get out of the trade. This usually occurs when you get a bad fill. But, since the price was moving in the right direction I waited for the 1st tech level to close the trade. It missed by a penny and retraced. Since this is not a real trade anymore, just one I am trying to get out, I stopped out at break even. Friday 2/8/19 Well being score of 6/10. My one allowable trade was with MU. The tech level I drew and the 1min VWAP coincided making it a strong tech level and I really like it when the 1min VWAP and 5min VWAP get a large separation. I took the trade at the 1min VWAP and made the 5min VWAP the first target. This trade had a very tight stop out level (just below 1min VWAP). I took the first partial at the 5min VWAP with the plan to take the next partial at the 2nd target (200MA). But, I got cold feet and made the 2nd partial in the middle of nowhere. Then all out a few cents below 200MA. It's interesting what a different perspective I get on my own trades when I post them like this. After what I thought was a good week trading and was reasonably happy after reading my journal entries, I now look at the these trades posted and I am not really proud of any of them. They look quite haphazard and not well thought out. The Friday trade with MU would be the closest, but not quite. Something for me to think about. Thanks for reading, Rob
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Rob C's Trading Journal - starting Feb 1 2019
Rob C replied to Rob C's topic in Day Trading Journals
1 min ORB algo. Here is the backtest for the 1min NVDA Long that I created (R=$200) I have been mining the data to see the possibility of making ORB algos for the last couple of weeks. I looked at 1min ORB first using NVDA long direction. There seems to be about 2.5 years of data where ORB setup could be used. I did try and read a few algo books, but didn't find any useful. Some interviews in the Market Wizards books I found very useful for algo trading. The rest of my method I figured out on the way. I have been profitably trading algos on Futures for almost 2 years now. The only issue I have is my algos trigger a trade at most once a week. Not enough. So looking for more setups. So I first estimated my parameters and values based on what I have learned from the mons at BBT. I then backtested only the last 3 months using Ninjatrader and see if a profitable algo is even possible. This time it was, but these results are useless except for feasibility. I then walk through each parameter to see what has correlation. Interestingly enough almost all the parameters have value limits but not correlation. Except for volume, which the larger the better, and the distance from VWAP, none of the other parameters had correlation except for limits. Though not expected, this is great because it means the parameters are robust. Though Ninjatrader has an optimizer, it usually is not very useful since it curve fits too much. So I manually optimize then run the parameters for the last two years and got mediocre data. But that's normal. Then I use something I learn from one of the Market Wizards, where he uses 2 years ago for optimization and runs the algo on 1 year old data to see if it works. So I noticed, when I used the 1st algo version we were in the red about a year ago. So I used the red time period to optimize. 1min ORB profit when optimized on the recent 3 months then back tested for 2.5 years. I optimize for robustness not profit. I use to make spider web plots (in Excel) with each strand a different parameter and thus try and create a large stable sweet spot. Where the parameters could move around and it will have little affect on the stats. There is almost always a plateau like that, but sometimes it is under water. So if I let Ninjatrader optimize it gives an outragius profit factor of 5.7 with a highly curved fitted solution that if you move any parameter, even slightly, the profit drops off fast. My optimization has a modest PF of 1.7. But all the parameter correlation are gone (even Volume and VWAP). You can move parameter values around, even large amounts with little effect. All the parameter values become min or max limits only. Thus these are the edges of the optimization plateau. Here are the parameter limits: Volume > 300K 1min candle body size > $0.60 1 min candle body size < $2.7 Top 1min candle wick size < $1.10 How far above VWAP when initiating trade > $0.20 and < $2.30 Market opening price Gap for NVDA >$ 0 SPY 1min candle close > -$1.00 Essentially, the algo is saying don't take a NVDA Long when SPY is careening lower. The target and stop are loosely optimized, but are not meaningful since I have a separate trade management algo that takes care of that. For this back test I used a 3 to 1 traget to stop ratio. Then I ran it on the full 2+ years. the data you see is above in the opening graph. Below are the numbers. The max consecutive losers is a little high for my comfort, but its good enough I will start running in sim and create the short version of the algo. Then move on to TSLA, ES and NQ. Thanks for reading to the end. Rob C -
Panic Hotkey Pre/Post Market Hours ?
Zeckrin replied to Zeckrin's topic in DAS Trader Pro Tips and Tricks
Got an update to this. Now with the Advanced Hotkey IF/Else conditions I was able to get a Post/Pre market PANIC Hotkey created. This will set share size to current position and then put a Sell limit .25 below current Ask if your in a long or a buy .25 above current bid if your in a short. This is then a simple EXIT/PANIC hotkey for both Long & Short for Pre/Post Market hours. Be sure to have 'Hotkey Advanced Script' enabled in DAS configuration before using the script (If your Montage Window name is 'LIVE') Replace the x's between quotes with your Account # Replace Route with desired route CXL ALLSYMB; FocusWindow LIVE; $mon=GetWindowObj("LIVE"); $Pos= GetAccountObj("xxxxxxxx").GetPosition($mon.SYMB).share;if ($Pos<0){Price=Ask+0.25;} else{Price=Bid-0.25;}; $Price=round(Price,2); Share=Pos; Price=$Price;Route="LIMIT";TIF=DAY+;Send=Reverse -
Rob C's Trading Journal - starting Feb 1 2019
Rob C replied to Rob C's topic in Day Trading Journals
October 2nd Trading Day Though I am green today it wasn't a very good trading day. First error was trading at all today. Though I had the minimum hours of sleep, I woke up exhausted and my Garmin watch such all my vitals look horrible (Poor sleep quality, lowest HRV this year, high resting pulse, etc...) But I traded any way. I was watching TSLA, NVDA and BABA. TSLA was setting up for a really good rising devil and I had my finger on the trigger waiting for the price to reach VWAP. I am not sure where I turned my attention (another stock or the 10sec chart on my NinjaTrader), but by the time I looked back at TSLA the VWAP was reached and price already fell. This is not considered an error. This happens sometimes. To go short now would only give a 1.5 Reward to Risk ratio. But I had FOMO and went short, which was error number 2. At least I went with half the number of normal shares since there was a long way to my stop now. The price dropped and reached my target. If I entered where I was suppose to this would have been a 2R profit and I would have gotten all out. Since I was only at 1.4R I only partialed and hoped for more of a drop even though there was no reason to hope for that. That was mistake number 3. The price started to rise and my 10sec chart looked like it was going to keep rising so I covered. At least, at that point, I was smart enough to shutdown my platform and call it a day. Yes, it was a positive 1R day. But not proud of myself today. 10 second candle chart: I hope everyone had a good trading day. Have a good night. Rob C -
Hotkeys Question
zmaredia75 replied to kolodziejm's topic in Day Trading Hardware, Software and Tools
Hello BBT Team I am new and have enjoyed all your videos and training. I am having issue with Hot Key below. I get an error: can't get valid price message. This is the hot button on the Das Trader Pro template in download. Can someone help me what I am doing wrong. See the script below. 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=LIMIT;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+