5% Partial Script Problematic

[Kevin K 1]

I see Andrew and others taking 5% partials but quite often, but that will result in partial shares being calculated quite frequently, and Das has no function to round up to a WHOLE number, so how are people doing this? 

[Abiel 475]

Now Andrew take partials at 10%, before it was 25%

[Kevin K 1]

I see other recaps with people mentioning 5%, I guess they are doing it manually? Even ten percent can give partial shares after just a few partials down from 500 shares, for example.

[Justin 264]

Maybe I'm confused by what you mean, by DAS not handling whole numbers. But if I I'm long with 27 shares and I take a 50% partial, I will end up with 14 shares with 13 remaining.

[Kevin K 1]

I think you get it. I chatted with DAS support and they confirmed it doesn’t round up to nearest share. I sent a feature request. Trying to take a 5% partial on many different share sizes gives an error for me because it returns 4.5 shares, for example, when doing the 5% calculation 

EDIT: I got an email back from a developer at DAS and he says it should round down, like you experience. Must be something with my script somehow. Hmmmm.

Edited November 20, 2019 by Kevin K

[Justin 264]

18 minutes ago, Kevin K said:

I think you get it. I chatted with DAS support and they confirmed it doesn’t round up to nearest share. I sent a feature request. Trying to take a 5% partial on many different share sizes gives an error for me because it returns 4.5 shares, for example, when doing the 5% calculation 

Hey @Kevin K Unfortunately DAS support isn't the most knowledgeable about what their software can and can't do...

I just took 25 shares of SPY
-Took a 10 percent partial (2.5 shares) and it sold 2 shares
-23 Remaining
-Took another 10 percent partial (2.3 shares) and it sold 2 shares
-21 remaining
-Took a 25 percent partial (4.3 shares) and it sold 4 shares
-I now have an open position of 17 shares because I forgot to close out 😛

What does your partial hotkey look like?

My 10% scale out for long positions looks like this:

;CXL ALLSYMB;Route=LIMIT;Share=Pos*0.10;Price=Bid-0.05;TIF=DAY+;SELL=Send

And for short:

;CXL ALLSYMB;Route=LIMIT;Share=Pos*0.10;Price=Ask+0.05;TIF=DAY+;BUY=Send

Edited November 20, 2019 by Justin

[Kevin K 1]

Thanks for your help Justin.

For longs...

CXL ALLSYMB;ROUTE=LIMIT;Price=Bid-0.05;Share=Pos*0.05 ;TIF=DAY+;HANDINST=ANY;SSHARE=0 ;SELL=Send

 

 

Edited November 20, 2019 by Kevin K