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Can someone help me create a script, so I can get in a trade and walk away. So what I use now is a 3 to 1 script. But I have to wait for price to get to SL or 1R before I can walk away. I want to be able to enter my 3to1 and once stock gets to 1R it auto moves to B/E. Is this possible, a year ago I was told it was not but maybe someone has figured it out.

Just to confirm, the proper order is: 1. double click the StopLoss price 2. hit the entry button (order fills) 3. hit the exit button (without clicking on anything) 4. go for a swim in the pool 5. come back later and count your money I'm glad to give back to the community. (and programming hotkeys is fun!) Good luck! Russell

Okay, I've got some HotKey Scripts for you to TRY OUT IN SIM. (never test things live) Each trade has two HotKeys. The first one is the entry order where you double-click your Stop-Loss point. (I basically just removed the TriggerOrder from your HotKey Script and moved it to my Exit Script) The second one is the exit order which you would place immediately after your entry order is completely filled. Don't double-click anything between the "fill" and when you activate the Exit HotKey because it gets it's calculations from your Entry HotKey. Here is what the Exit HotKey does: 1. places a one-share RangeMarket order with a 1R/1R range. 2. Triggers a remaining-shares RangeMarket order with a 3R/BE range. There is no other way to do what you want (as far as I know) without the tiny one-share order to trigger the Stop-Loss move to B/E. With these HotKeys, this is what "should" happen (and it worked for me in SIM today). If your 1R Stop-Loss is hit, the Trigger order exits your WHOLE position "near" your target Stop-Loss. If the 1R profit point is reached, you will exit one share, then the Trigger order will be sent so that you will either profit 3R or B/E on the remaining position. (You could change the exit orders to exit more of your position at 1R if you want to use these HotKeys to "partial" at 1R... something like Share=POS*.5 or Share=POS*.33 with your Trigger order remaining Share=POS) Be aware, the first exit order of one share will cost you about $1 in fees more per trade if you are with IB. (I mistakenly said $2 earlier) (Fees are no longer a danger when your orders are more than 200 shares) Here are the Scripts, you should be able to copy-paste them directly into your HotKeys. LONG ENTRY CXL ALLSYMB; StopPrice=Price; DefShare=BP*0.975; Price=Ask-Price+0.00; SShare=25/Price; Share=DefShare-SShare; DefShare=DefShare+SShare; SShare=Share; Sshare=DefShare-SShare; Share=0.5*SShare; TogSShare; ROUTE=LIMIT; Price=Ask+0.1; TIF=DAY+; BUY=Send; DefShare=200; Price=Ask-StopPrice*3+Ask; LONG EXIT CXL ALLSYMB; Route=STOP; StopType=RangeMKT; LowPrice=StopPrice; HighPrice=AvgCost-StopPrice+AvgCost; Share=1; TIF=DAY+; Sell=Send; TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:AvgCost HighPrice:Price ACT:SELL QTY:POS TIF:DAY+; SHORT ENTRY CXL ALLSYMB; StopPrice=Price; DefShare=BP*0.975; Price=Price-Bid+0.00; SShare=25/Price; Share=DefShare-SShare; DefShare=DefShare+SShare; SShare=Share; Sshare=DefShare-SShare; Share=0.5*SShare; TogSShare; ROUTE=LIMIT; Price=Bid-0.1; TIF=DAY+; SELL=Send; DefShare=200; Price=StopPrice-Bid*3; Price=Bid-Price; SHORT EXIT CXL ALLSYMB; Route=STOP; StopType=RangeMKT; HighPrice=StopPrice; LowPrice=AvgCost+AvgCost-StopPrice; Share=1; TIF=DAY+; Buy=Send; TriggerOrder=RT:STOP StopType:RangeMKT LowPrice:Price HighPrice:AvgCost ACT:BUY QTY:POS TIF:DAY+; Hope this helps, Best, Russell Landwehr

the first one is Short. this one is Buy. CXL ALLSYMB;StopPrice=Price;DefShare=BP*0.975;Price=Ask-Price+0.00;SShare=25/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Ask+0.1;TIF=DAY+;BUY=Send;DefShare=200;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+

CXL ALLSYMB;StopPrice=Price;DefShare=BP*0.975;Price=Price-Bid+0.00;SShare=25/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Bid-0.1;TIF=DAY+;SELL=Send;DefShare=200;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:DAY+ thx for trying.

Hi all, maybe I am missing something simple here. I have a target price that I double click, and once the price hits that target, I want to sell 50% and move existing stop to breakeven. I was thinking something like below, but the problem is that the old stops stay there in this scenario. Once the first stop is triggered, I want to cancel all existing stops and then move stop to BE. Any suggestions? Route=Stop;StopType=MARKET;STOPPRICE=Price;Share=Pos*.5;TIF=DAY;Send=Reverse;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost ACT:SELL QTY:POS TIF:DAY+; Thanks for the help!

Hello BBT, I hope all is well with you all. my trading journey to date is as follows. I quit my job in Sept last year as I was miserable and depressed and started to pour my focus into learning all I could about day trading and I joined BBT in Nov '22 after reading Andrew's books, probably like most people on here. This year I have gone self-employed and I am able to trade regularly 2/3 times per week whilst supplementing my income by working for a local brewery and I am much happier for it. I am currently at the stage where I have been trading live for about a month now, my first objective is to have a break even month having just had my first profitable week (albeit a very modest one with the limited risk I am putting on). I'm currently reading "The disciplined trader" which is great and have "trading in the zone" & "Volume price analysis" lined up after that. I would describe my trading style as a trend trader who likes to use multiple timeframes and market alignment to give myself the best chance of a profitable trade, mainly using SMA's as my trading indicators. I also like to trade on higher timeframes, as I find the shorter timeframes quite noisy and distracting. I have attached an example of my DAS platform set-up for anyone who is interested. I am looking for someone who trades in a similar style to myself to share trades & ideas with and provide some sort of constructive feedback in order to gain a different perspective and hopefully learn from one another. I also like the the idea of providing mutual accountability and support to each other when things aren't going so well. If you are reading this and think we would be a good fit as trading buddies then I would love to hear from you. Please feel free to get in touch via e-mail with the subject line of "BBT Trading buddy" or something like that Define your risk & keep it green! Alex from Leicester, UK. [email protected].

Hi BBT Fellows, I am already excusing if someone has opened this topic before, but I didnt find sth on that. As you can see attached, my Chart Window, shows up to 91.8$ (or other Chart with QQQ up to 336$), even though there is no need for that. Intutively I would think that I can asjust it by holding the left muse btn on the y axis, but it is not possible. I dont find anything on that in the Configs of the Chart. It is rly disturbing, because that way, the price bars are way to compressed, so i cant follow the movement or anything else, eg. moving averages are way to close together. Can someone tell me how to decompress this. Best wishes and thank in adavance Guys. Sam

Right click on the chart, hit configure: Scroll down to "Right click and move in price area to zoom on/out" and check it. Hit ok. Now go in price area on the right of your chart, hold right button on your mouse and drag up/down

Test in simulator and adjust as needed: Buy ROUTE=SMRTL; Share=100; Price=Ask+0.10;TIF=DAY+;BUY=Send; Sell Partial 25% CXL ALLSYMB; Share=Pos*0.25;ROUTE=SMRTM;TIF=DAY+;SELL=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost PX:AVGCOST ACT:SELL QTY:POS TIF:DAY+ Sell (or short) ROUTE=SMRTL; Share=100; Price=Bid-0.10;TIF=DAY+;SELL=Send; Cover 25% (or buy)} CXL ALLSYMB; Share=Pos*0.25;ROUTE=SMRTM;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost PX:AVGCOST ACT:BUY QTY:POS TIF:DAY+ Exit at Break Even CXL ALLSYMB;ROUTE=STOP;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;ROUTE=MARKET;

Hello Everyone, I am reaching out because I would like to know and learn how to read, interpret and analyze Volume Price as well as Supply And Demand. I don't know how to read a chart to determine when to get in and out of a play. Or how I can get the fear out of me. I don't know how to time my entries and exits. I always get in too late or out too early. I need help period lol

Hey, I'm also from the UK (Scotland) and living in Australia (Melbourne). In terms of advice at that stage it's already covered in a lot of material such as Andrew's book, stay in SIM, test out different strategies, risk management etc I think a lot of the other stuff comes when you get through that initial few months of just learning the beginner stuff and you begin to develop questions of what you're getting right/wrong and things to pay attention to, until you've taken that initial step it would just be information overload and you have nothing really to relate it to. One other book I'd recommend for your early days is Anna Coulling "A complete guide to Volume Price Analysis" Feel free to PM me if you have any questions.

Hey Justin, For some reason this hotkey isn't working for me, or rather, it's working not as intended. It cover the correct percentag of the short and moves my stop loss to break even, but once the stop loss is hit it reverses my position to long. Any idea what could be causing this? pasted the script i'm using below. thanks! CXL ALLSYMB;ROUTE=LIMIT;Price=BID -0.05;Price=Round2;Share=Pos*.25;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND

I am one of the traders Angela mentioned who tends to trade AMD, AAPL, TSLA etc every day. For me they are more predictable because of the higher liquidity and the types of institutions required to move them run on algos and those algos have certain behavior that you see over and over again. I will trade stocks "in play" as well because you can get big directional moves based on news, this is also fairly predictable as they are trading large RVOL because longer term participants are involved, in this scenario I can see within the T&S/L2 when things are beginning to change. The exception is the float of the stock rather than the price for most traders as once you get to a certain size in your trading smaller floats can be difficult to trade, there are some stocks which is too easy to turn the price. You basically need to be able to get in and out easily without slipping too much on the spread and you need sufficient liquidity that anybody can't just dump it 50c with a $50k account (there are a number of $20-$50 stocks where you can do that on a daily basis if it doesn't have huge RVOL on news). Companies like the big US airlines (AAL, DAL) for example have a big float so that doesn't tend to happen even though they're a cheaper stock price. That said I can still find a $3+ move way easier on TSLA than I can $0.5+ move on a $50 stock (unless it's got a great catalyst), for instance on Friday TSLA was an obvious false breakdown just before 10:30, not saying you would catch the whole thing but if you did it was a $9+ move, this is the ATR at work, a $1 move in that type of price stock and a $50 price stock are very different. To quote you, the things you may be missing are therefore, ok you can make $50-$100 or whatever on the stock but what is your end goal and is it still feasible on the stocks you're trading, if I use Andrew as an example, he just can't trade a lot of stocks with his size, he would get too much slippage on his stops because there isn't enough liquidity for him. Also you say risk management will stop the greater risk of loss but is the liquidity there on your stock to be able to get out with the risk you want? it may be fine when you're trading 100 shares but if you want to get to 1k shares or 5k shares then it's not the same thing. Not everyone wants to get there or maybe it's not an issue on the stocks you're actually trading but that combined with the predictability for me are the reason I choose higher priced stocks. If you listen to the morning show with Carlos, he says "no volume" to half the stocks he gets suggested and this is basically what he means, he doesn't think it'll move predictably/that a relatively small amount of money can move the stock. He'll also says look at that spread (or something along those lines), basically he's saying you'll be down big when you get in because you've jumped across the spread and then your risk management may not work very well in being able to get out because there's just not enough liquidity on the order book, this is the reasons a lot of us trade big stocks most days (particularly at the moment where most news is market wide news rather than company specific news)

Hi, few things, you will make same money no matter the stock is cheap or not, if you are trading with fix risk, there will be no difference, just you will buy / sell different number of shares, more shares for AI and less for Tesla. The price of the stock doesn't define the profitability. 1$ on a 30$ stock and 1$ on a pricey stock mathematically don't have the same value. But 1R profit on the same two stocks has it. Experienced traders focus on stocks in play, those liquid and in play for the day as they provide the best opportunities with clean price action and fast moves because many traders are trading the stock. Look at RVOL, shares traded for the day, ATR and how clean is the price action. My advice is to collect data and figure out which stocks you trade well. What I mean by this is that we are different, and everyone has different personality, some trade well stocks which move slower, and others prefer stocks which move faster. Some stocks are more volatile or wicky and every stock has its own personality too. That information will come from your stats over series of trades. However, it doesn't mean you have to avoid all other stocks, it just means that you have a little more edge with some group of stocks than others. I will give you an example, my stats show that I trade well stocks over 20$+, ATR 1$+ and over 2 mln shares traded today. How does this help me. If I am in discord call out chat or look at the scanners, first thing when someone calls a stock, I will look at the ATR, RVOL and shares traded. Then will look in the price action and how clean it is before ever decided to take a trade. This is subjective and I use it for stocks I never traded. I still will trade stocks under 20$ like $CCL or $NIO on certain days when they move clean. The more you trade the more you get experience and understanding of what works for you and what to avoid. There are these traders who trade only few stocks like $SPY. $QQQ or $AAPL and $TSLA. They have spent time to get to know the stocks and how they move, and this gives them a little edge. But they still trade a profitable strategy and have sound execution to make money. On a different note, learn and test a profitable strategy. This is where the focus must be and forget for the money you will make. Even when you trade live, your main focus is to execute the strategy well and not the money. The money is a by-product of the strategy, your execution and discipline not the price of the stock. Setting daily target of how much money you have to make is something which will delay your development as a trader. It is unrealistic to expect to reach a daily profit goal when you are learning. You may be green for the day but traded horribly and you will take this as a great performance when you just got lucky. Your daily goals must be performance based - discipline, patience, execution, selection etc. Did you execute according to your rules. Was your selection good? Did your trade meet the strategy criteria. Trading is just the opposite of what everyone thinks. They focus on the money (outcome), but trading is about focusing on the process of trading (performance) and money follows. You start with a strategy, when you master it, you work on your entries, then you work on holding to target and this is how money flow in your account if you consistently execute your strategy. This takes years, set the right expectations from the start, it doesn't come in a month or even an year or two.

My hotkeys don't work with Forex, it keeps giving the error message, "Can't get price". I use Kyle's hotkey scripts. If I manually enter the trade by choosing the share size I have no problems. Since Forex is usually traded by pips not shares I'm just unsure how to trade them with DAS. Any input is helpful. Thanks

If I bet on a price increase beyond that range for ABC stock and places a buy stop order at $10.20 (if the current price of ABC is $10.0). Once the stock hits that price, the order becomes a market order and the trading system purchases stock at the next available price. However, I cannot do the Stop Buy Order in the Das Trader Pro because of the error message "The price is invalid". Did anyone know what the problem is?

Here is a Hotkey Script that will buy a Fixed Number of Shares at Market (for a LONG position) when the price gets to a certain price above the current price. You must double-click the price where you want to place this STOP order. (NOTE: you must also have your MONTAGE WINDOW STYLE set to "Stop Order". ) CXL ALLSYMB; Route=STOP; StopPrice=Price; StopType=Market; Share=10; TIF=Day; Buy=SEND; Here is the version of the script for entering a SHORT position. CXL ALLSYMB; Route=STOP; StopPrice=Price; StopType=Market; Share=10; TIF=Day; Sell=SEND; HTH, Russell Landwehr

@D_Zitter2 For Long side: Share=Pos;StopPrice=50/Share;Price=AvgCost-StopPrice;StopPrice=Price;Route=Stop;StopType=Market;Sell=Send;TIF=Day+; For Short side: Share=Pos;StopPrice=50/Share;Price=AvgCost+StopPrice;StopPrice=Price;Route=Stop;StopType=Market;Buy=Send;TIF=Day+;

Not sure whether you're using Aiman's parabolic reversal as Angela is discussing or whether you have you're own entirely separate one like I do. However, to me the trade isn't a reversal because it hasn't really properly trended. If you look at your 5 minutes it's really more of a range (admittedly not a very clean one) and so the volume is the breaking of the range because a lot of the people who were long in there will stop out there because it's taking out the bottom and breakout traders may enter. This can either be a trap so the big players or market makers grab their liquidity at lower prices before we re-enter the range and potentially go long or we can retest the range and then it'll continue short. If you want to know more about this type of price action then look up Wyckoff.

Hi All, I hope anyone can help me with this? So I have a hotkey for a fixed risk of $50: StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;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=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;ROUTE=LIMIT; My question is, how can I make a hotkey for a stoploss (when by any reason my original stop loss is lost) at that $50 fixed risk level (example: AvgCost=340.83, Shares=250, so 50/250=0.2 > AvgCost-0.2= 338.83= Stoploss fixed risk $50

Hi All, I also have a question. So I have a hotkey for a fixed risk of $50: StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;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=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;ROUTE=LIMIT; My question is, how can I make a hotkey for a stoploss (when by any reason my original stop loss is lost) at that $50 fixed risk level (example: AvgCost=340.83, Shares=250, so 50/250=0.2 > AvgCost-0.2= 338.83= Stoploss fixed risk $50 I hope there is anyone who can help me with it.

I wouldn't consider this set up for a parabolic reversal. There is a range and one 5 min candle after breaking. I am not saying it will not reverse but this is not a parabolic move. It has to be extended on 5 min, clear parabolic move, many consecutive candles in a row with no pullback. 5 min candles must be bigger than average, small 5 min candles don't count. Level on a higher TF and fake breakout on 5 min. Your entry is from 1 min, but you need at least 1- and 5-min TF alignment. Later on, a day I look at 15 min TF and play parabolic reversals on 15 min. The best way to avoid double fakes is to enter early when is still extended on 1 min and if comes back exit at BE. You need to see the momentum and must read the price action inside the 5 min candle (1 5-min candle consists of 5 1-min candles) minute by minute to be able to anticipate that the 5 min candle at the low will close as a green candle for a long for example. Win rate on Parabolic reversals is low. You will have many losing trades because you try to reverse a strong move. It comes down to be quick to exit at BE or less than 1R loss and hold the winners to target. You also need to have very tight SL to be able to cover the losses and have high R:R. Parabolic reversals are tricky because the strategy is based on excellent read of the price action minute by minute around the level of interest. My trade book on them is 12 pages so far and I continue to add different scenarios and new rules. It needs patience to wait for a perfect entry. Look at the chart I attached, you have many consecutive red candles with no pullback on 5 min, extended on 5 min, level on daily, extended on 1 min, tweezers on 1 min, hammer on 5 min and fake BO on 5 and 15 min, increasing volume at the low.

So I have tested, thanks for this, one last question: I am using the following script to setup stop loss through double click: Share=Pos;ROUTE=STOP;StopType=MARKET;StopPrice=Price;TIF=DAY+;Buy=SEND Is this correct? Why i'm asking its correct because if I set the stop loss using the above HK, and then I try to cover my position using: CXL ALLSYMB;Price=ASK+0.05;Price=Round2;Share=Pos;TIF=DAY+;BUY=Send It doesnt work, any ideas? I am thinking the double click HK must have an error.

This stop is not right: ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND. Share=Pos This is a hotkey to partial 50% and move stop to B.E CXL ALLSYMB;ROUTE=SMRTL;Price=Ask+0.05;Share=Pos*.5;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost ACT:buy QTY:POS TIF:DAY+ You should add Cancel order when you partial or close out pos with the last hk CXL ALLSYMB;Price=ASK+0.05;Price=Round2;Share=Pos;TIF=DAY+;BUY=Send; You should have orders window to see what's in there, somtimes big loss comes from unknown open order in there My breakeven hk for both way CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse This hotkey is very good to cover 50% at market for both way CXL ALLSYMB;ROUTE=SMRTM;Share=Pos*0.50;TIF=DAY+;SEND=REVERSE