Hotkey for partial with new stop at break even??

[Drapoli 2]

On 11/19/2019 at 12:20 PM, Glenn Budde said:

Yes it will cancel all orders for that ticker....

This only moves your stop to BE..... I got this from Thor and I like being able to set it without having to go through the montage.... 

This does not have anything to do with partials.... I use it after I have taken a partial and I want to move my stop to BE...

The fact that a hotkey command will cancel all previous hotkey commands is what I would like to avoid. Ideally, Ideally, I would like to:

-Enter a trade

-Set the boundaries right away with a stop range for 2:1 or 3:1 (R:R) using a hotkey

-Partial......25%, 50%, whenever I I think it would be appropriate.....but still within my 2:1 or 3:1 boundary

-Move exit point to BE

....but using a new command will cancel all previous commands. Not a big deal for most trades but I liked the idea of being able to set my boundary conditions (upper and lower stops) and taking partials within those boundaries.....so that if I get distracted by another trade I am guaranteed either an exit at BE or an exit at the 3::1 level. It would be easier to explain with a trade example.

Cheers,

[Glenn Budde 356]

1 hour ago, Drapoli said:

The fact that a hotkey command will cancel all previous hotkey commands is what I would like to avoid. Ideally, Ideally, I would like to:

-Enter a trade

-Set the boundaries right away with a stop range for 2:1 or 3:1 (R:R) using a hotkey

-Partial......25%, 50%, whenever I I think it would be appropriate.....but still within my 2:1 or 3:1 boundary

-Move exit point to BE

....but using a new command will cancel all previous commands. Not a big deal for most trades but I liked the idea of being able to set my boundary conditions (upper and lower stops) and taking partials within those boundaries.....so that if I get distracted by another trade I am guaranteed either an exit at BE or an exit at the 3::1 level. It would be easier to explain with a trade example.

Cheers,

I do not write the scripts, I only get them from others....... This is one of my Favs......

For my style if I have partialed it is for one of two reasons, I either want to lock in profit or reduce my risk.

If I am locking in profit it is because I have either reached my target and there is still plenty momentum left for more or I have reached a 1:1 and the momentum is slowing or going against. In either of these cases do I want to leave my stop loss where it is or do I want or need to have an order at a predetermined target as this on most occasions will leave money on the table 

If I am reducing my risk then again I want to keep a close eye on the action and do not want it running to my stop If I know the action has changed against me.

 

Also if it is in a slow moving afternoon market I have plenty of time to set new limit orders to continue to look for new setups....

 

Again this is just my style and I know there are as many styles of trading as there are branches on a tree....

I would guess if you reached out or even mentioned what you are looking for in a script in the off topic part of the chat someone will help...

 

Good luck with your new hot key scripts and trade safe

 

have a great Weekend...

[Justin 264]

You can also combine these hotkeys using an external macro.

I use Logitech's G-Hub macro software, so whenever I press Alt+5 it will execute the hotkeys I have assigned for a 50% partial, then immediately execute the hotkey I have assigned for setting my stop at break even.

50% Partial = Shift+Q
Set to Break Even = Shift+Space 

So when I hit Alt+5 =
-Shift+Q
-Wait 0.5 sec
-Shift+Space

[cm0806 0]

@Glenn Budde when using this hot keys on smart route do we still the get the same discount per share or do we need to change it to limit or market route ? 

[Glenn Budde 356]

1 hour ago, cm0806 said:

@Glenn Budde when using this hot keys on smart route do we still the get the same discount per share or do we need to change it to limit or market route ? 

I get the discount with this hotkey with CMEG....

[cm0806 0]

Thank you

[Brendon 146]

it shouldnt matter the route as CMEG's rate is fixed with the BB discount applied. 

[cm0806 0]

Do you guys have any hot keyscripts  to short stocks on ssr?   Made a lot of mistakes today with my hot keys lol..

Edited December 11, 2019 by cm0806

[Brendon 146]

1 hour ago, cm0806 said:

Do you guys have any hot keyscripts  to short stocks on ssr?   Made a lot of mistakes today with my hot keys lol..

Not me, if the stock is on SSR, you may just have to wait for the ASK to be hit before your order gets filled, if you miss it well move on to another stock is what I do. But you can set up a hotkey to sell on the ASK+ however much you want. Too complicated for me. 

[cm0806 0]

Thank you brendon .. it’s complicated for me too  😁 

[Brian B 2]

Does the this script work on getting out of shorts at break even also or does something in it need to be change for shorts?

[Brendon 146]

2 hours ago, cm0806 said:

Thank you brendon .. it’s complicated for me too  😁 

 

If you can DM me (or ill forget) and ill write up a short script you can test with your demo acct. It's pretty easy though, all you are doing is your normal short script is with BID right...so use ASK instead, because on SSR you have to short on an uptick (ASK).

[Brendon 146]

1 hour ago, Brian B said:

Does the this script work on getting out of shorts at break even also or does something in it need to be change for shorts?

You can just try my scripts, I partial out and move stop to b/e with them. I'll post them in a bit when I get to my station. 

[Brian B 2]

32 minutes ago, Brendon said:

You can just try my scripts, I partial out and move stop to b/e with them. I'll post them in a bit when I get to my station. 

That'd be great, thanks!

[Brendon 146]

My current hotkeys below, including Kyle's hotkeys (see below BBT tutorial)

 

 

 

CANCEL ALL OPEN ORDERS    Alt+Ctrl+A    

CXL ALL

-

SELL ALL, CANCEL Open Order for Ticker in Montage    Alt+Ctrl+B    

CXL ALLSYMB;ROUTE=SMRTL;Price=BID-0.05;Price=Round2;Share=Pos;TIF=DAY+;SELL=Send

-

LONG, $50 RISK    Alt+Ctrl+C    

StopPrice=Price-0;DefShare=BP*0.98;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=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+;

-

SHORT, $50 RISK    Alt+Ctrl+D    

StopPrice=Price+0;DefShare=BP*0.98;Price=Price-Bid+0.00;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

-

COVER ALL, CANCEL Open Order for Ticker in Montage    Alt+Ctrl+J    

CXL ALLSYMB;ROUTE=SMRTL;Price=ASK+0.05;Price=Round2;Share=Pos;TIF=DAY+;BUY=Send

-

COVER 1/2    Alt+Ctrl+K    

CXL ALLSYMB;ROUTE=SMRTL;Price=ASK+0.05;Price=Round2;Share=Pos*.5;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND

-

COVER 1/3, CANCEL open order for ticker, MOVE STOP TO B/E    Alt+Ctrl+L    

CXL ALLSYMB;ROUTE=SMRTL;Price=ASK+0.05;Price=Round2;Share=Pos*.333;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND

-

SELL 1/3, CANCEL open order for ticker, MOVE STOP TO B/E    Alt+Ctrl+M    

CXL ALLSYMB;ROUTE=SMRTL;Price=BID-0.05;Price=Round2;Share=Pos*.333;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND

-

SELL 1/3, CANCEL open order for ticker, MOVE STOP TO B/E    Alt+Ctrl+M    

CXL ALLSYMB;ROUTE=SMRTL;Price=BID-0.05;Price=Round2;Share=Pos*.333;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND

-

CANCEL ALL - Ticker in Montage    Alt+Ctrl+`    

CXL ALLSYMB

------

Here is what I think is a Short SSR script, I have not tested this so use at your own RISK! I just changed the BID-0.05 to ASK+0.05 as when a stock is on SSR you have to short on the uptick ASK side, not the BID side. In bold is my modification to the normal short script from above.

 

^{StopPrice=Price+0;DefShare=BP*0.98;Price=Price-Bid+0.00;SShare=50/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+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;}

Good luck, although you don't really need luck.