Kyle's hotkey not working as intended

[rinran 2]

Hello,

Following hotkey is Kyle's for dynamic risk based off your stop-loss and entry:

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=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+;

This is my edited version:

StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=280/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTM;Price= Ask+0.00;TIF=DAY;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY;

It is modified slightly with Ask+0.00 instead of Ask+0.05, and DAY instead of DAY+.

Today I took a trade on SPI with a .20 stop-loss, risking $280. So 280/.20=1400 shares, but I was only bought in with 233 shares.

Any ideas why that might be would be appreciated, this has happened a couple times now, seemingly randomly.

Cheers,

RR

 

[Moe Y. 0]

When I do not get shares based on risk, it is always because I am running out of buying power. Did you check if you have remaining buying power after observing the issue?

[rinran 2]

2 hours ago, Moe Y. said:

When I do not get shares based on risk, it is always because I am running out of buying power. Did you check if you have remaining buying power after observing the issue?

Hey Moe,

When I placed the order the stock was about $14/share. $14 * 1400 = $19,600. I have about $90,000 in buying power, so that doesn't explain it.

Cheers,

RR

[mlmpty01 2]

i have observed similar issue stated above . Could it be related to the dasTraderPro IB version ?

[KyleK29 257]

On 9/24/2020 at 7:02 AM, rinran said:

Hello,

Following hotkey is Kyle's for dynamic risk based off your stop-loss and entry:

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=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+;

This is my edited version:

StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=280/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTM;Price= Ask+0.00;TIF=DAY;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY;

It is modified slightly with Ask+0.00 instead of Ask+0.05, and DAY instead of DAY+.

Today I took a trade on SPI with a .20 stop-loss, risking $280. So 280/.20=1400 shares, but I was only bought in with 233 shares.

Any ideas why that might be would be appreciated, this has happened a couple times now, seemingly randomly.

Cheers,

RR

 

First, are you with IBCO? If you're with DAS SIM Broker, see my just reply to mlmpty01 just below this.

As Moe said, it's usually because of lack of buying power.   Did you have an open position already that was tying up your BP? Also, using ROUTE=SMRTM negates the ASK+0.00 .. you're essentially telling them to "buy now at any cost." Where-as the SMRTL version is saying "Buy below [for long] the Ask+0.05 cents." I always use SMRTL and have only had a few instances where I didn't get filled.

 

On 10/24/2020 at 1:46 PM, mlmpty01 said:

i have observed similar issue stated above . Could it be related to the dasTraderPro IB version ?

 

Only differences between the two versions for hotkeys is the routing. DAS SIM Broker ("Demo") needs to have routes like ROUTE=LIMIT; and ROUTE=MARKET;   .. IBCO needs routes like ROUTE=SMRTL; and ROUTE=SMRTM;   .. stops remain the normal style.

Edited October 30, 2020 by KyleK29

[mlmpty01 2]

Thanks  for the update Kyle, will check it out . 

In the meantime , can you share your spreadsheet with all your hotkeys with me . Thanks 

[rinran 2]

2 hours ago, KyleK29 said:

First, are you with IBCO? If you're with DAS SIM Broker, see my just reply to mlmpty01 just below this.

As Moe said, it's usually because of lack of buying power.   Did you have an open position already that was tying up your BP? Also, using ROUTE=SMRTM negates the ASK+0.00 .. you're essentially telling them to "buy now at any cost." Where-as the SMRTL version is saying "Buy below [for long] the Ask+0.05 cents." I always use SMRTL and have only had a few instances where I didn't get filled.

I'm with IB, non demo account. I can't remember what I did to fix this, but I did get it resolved. It wasn't buying power related.

[JasonV 0]

So I so very much want to cut and paste and get off to the races with Kyle's amazing Hotkeys however I've pasted the script provided in Williams Youtube video, updated my DAS version, selected the double click to trade and it still doesn't work. It places the trade but no stop loss. My double click to trade still doesn't work. Not sure where to go now. 

Any suggestions on what to do?

[mlmpty01 2]

On 10/30/2020 at 5:44 PM, mlmpty01 said:

Thanks  for the update Kyle, will check it out . 

In the meantime , can you share your spreadsheet with all your hotkeys with me . Thanks 

Kylie,  I saw something strange while using the hotkeys on CMEG DasTraderPro platform .  

Using this hotkey : 

StopPrice=Price-0.01;DefShare=BP*0.75;Price=Ask-Price+0.01;SShare=40/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=300;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.02 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; 

 

Observation : 

The hotkey was triggered and large number of shares where bought with the hope of using the 40 dollars stoploss on my BP 30k account .  

Now the stoploss vanish from the trade window buy did not stop my trade .   I end up almost blowing up my entire trading account as the stoploss did not trigger as expected . 

Kyle could you PLEASE check and confirm whether the script i am using is the right  . 

Please note that the hotkeys above worked fine as expected  on the simulator(worked well as expected on sim account , but not live account) ,  but not during a live trading session .

Kyle am I  missing a point here ? Please do advice . 

Edited November 9, 2020 by mlmpty01
typo error

[Kinga Maurer 2]

Kyle, I accidentally restored my settings (not realizing I didn't have a backup) and lost the ability to use Your hotkeys. I can reload them to the hotkey file (can use Thor's), but when I double click on the chart where I want to place my stop and and then click on the montage, nothing happens. 

I set up my settings originally over a year ago, and have no idea where to start.

What am I missing? any other standard hotkeys work, cancel, buy fixed share size, etc. but not Your dynamic hotkeys.

I have the the "order entry and order line movement" enabled in "chart area config".

I do use a streamdeck, but even the hot keybinds don't work on my keyboard.

this has been beyond frustrating and I appreciate any help and suggestions.

thank you!

Edited December 9, 2020 by Kinga Maurer

[Rob C 826]

On 11/9/2020 at 1:47 AM, mlmpty01 said:

Kylie,  I saw something strange while using the hotkeys on CMEG DasTraderPro platform .  

Using this hotkey : 

StopPrice=Price-0.01;DefShare=BP*0.75;Price=Ask-Price+0.01;SShare=40/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=300;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.02 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; 

 

Observation : 

The hotkey was triggered and large number of shares where bought with the hope of using the 40 dollars stoploss on my BP 30k account .  

Now the stoploss vanish from the trade window buy did not stop my trade .   I end up almost blowing up my entire trading account as the stoploss did not trigger as expected . 

Kyle could you PLEASE check and confirm whether the script i am using is the right  . 

Please note that the hotkeys above worked fine as expected  on the simulator(worked well as expected on sim account , but not live account) ,  but not during a live trading session .

Kyle am I  missing a point here ? Please do advice . 

There are members that are a lot more knowledgeable with the hot key scripts than me, but since I don't see anyone respond yet I will tell you what I know about that issue. I have seen it as well though slightly different, probably because I use IB. I just started using Kyle's hotkeys 3 weeks ago. First week I used them on replay mode. They worked fine except the order disappears on your chart if you move it. But that is a small price to pay. Then I tried them at the open in sim.

I usually take a trade in the first minute after the open. Maybe this puts undue stress on the PC and platform. These scripts maybe too long and issues arise. I don't see issues after about 10 minutes after the open. But in that first minute I saw a range of concerns and all random. About 30% of the time something funny would happen. For example about 30% of the time the study config window would open when I am trying to short a stock. I made some modifications and it seem like the issues were under control. Then I tried it live.

Keeping my risk small I started trading with Kyle's scripts live. Most of the time there are no issues. Then usually on a day that I am taking a lot of trades, issues start to occur, especially if I am in two trades at the same time on two different montages with one long and one short. I commonly get stuck in the short trade with no way to cover. Even the panic button doesn't work. though it will always end the long trade. And yes I have seen several times my stop, which is plainly visible on my chart, seem to have no effect as the stock price flies right through it. Though this does not consistently happen. I recorded it to send to DAS support when I figured out a solution. I don't like my stops where I choose them. Sounds funny, but after a 100 times getting stopped out by a penny or 2 and missing a 6R run I realized there are another 10,000 retailers just like me picking the same stop. So some algo drops down and takes us all out before going higher. So I placed a delta in the hotkey. This has really helped. So I did the same thing with Kyle's hotkey, but there is an issue. I assume you can do this safely with a limit order but with a market order it seems to cause an issue once in awhile. I see two orders created on my chart. One at the stop price and in your script, 2 cents below. So I see two orders on my chart. But only on order in the order window. The price then drops and sometimes only one of the orders (the wrong one) gets triggered. I still have the position and the stop order in the order window. Essentially, the stop didn't work.

I tried changing it from 0.02 to 00.0 but had the same issue. Finally I removed it and I only have the stop price or avgprice in the script. You could also switch to a stop limit order instead. So far that is working. I haven't seen that issue for a few days now. Please try that and see if it helps. Kyle's scripts are awesome. I think my trading is so close to the open with multiple positions overwhelms the platform.

Sorry about the long winded response. Hopefully there was something useful in my post.

Rob C

[KyleK29 257]

On 11/9/2020 at 1:47 AM, mlmpty01 said:

Kylie,  I saw something strange while using the hotkeys on CMEG DasTraderPro platform .  

Using this hotkey : 

StopPrice=Price-0.01;DefShare=BP*0.75;Price=Ask-Price+0.01;SShare=40/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=300;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.02 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; 

 

Observation : 

The hotkey was triggered and large number of shares where bought with the hope of using the 40 dollars stoploss on my BP 30k account .  

Now the stoploss vanish from the trade window buy did not stop my trade .   I end up almost blowing up my entire trading account as the stoploss did not trigger as expected . 

Kyle could you PLEASE check and confirm whether the script i am using is the right  . 

Please note that the hotkeys above worked fine as expected  on the simulator(worked well as expected on sim account , but not live account) ,  but not during a live trading session .

Kyle am I  missing a point here ? Please do advice . 

 

CMEG has a different setup, DAS SIM keys don't work in CMEG. You need to make these changes:

DAY+   --> Change to DAY

And I think the ROUTE=LIMIT;  needs to be changed. I'm not sure what CMEG is using .. maybe another user can chime in? 

As a general tip, I recommend having an "Positions" and "Open Orders" window open at all times on your main DAS monitor, that way you can easily see if a STOP wasn't placed in the system and correct it.

 

On 12/8/2020 at 8:39 AM, Kinga Maurer said:

Kyle, I accidentally restored my settings (not realizing I didn't have a backup) and lost the ability to use Your hotkeys. I can reload them to the hotkey file (can use Thor's), but when I double click on the chart where I want to place my stop and and then click on the montage, nothing happens. 

I set up my settings originally over a year ago, and have no idea where to start.

What am I missing? any other standard hotkeys work, cancel, buy fixed share size, etc. but not Your dynamic hotkeys.

I have the the "order entry and order line movement" enabled in "chart area config".

I do use a streamdeck, but even the hot keybinds don't work on my keyboard.

this has been beyond frustrating and I appreciate any help and suggestions.

thank you!

You need to enable double-click to trade on the chart. Right-click chart -> Configure.  Please see screenshot.

 

15 hours ago, Rob C said:

First week I used them on replay mode. They worked fine except the order disappears on your chart if you move it. But that is a small price to pay. Then I tried them at the open in sim.

Should be noted that DAS Replay Mode doesn't support Trigger Orders, so the stops won't go in the system when using that. 

Re: Orders disappearing on chart if you move ---> This was a bug that was fixed in DAS. Are you using the latest DAS version?

 

15 hours ago, Rob C said:

Maybe this puts undue stress on the PC and platform. These scripts maybe too long and issues arise. I don't see issues after about 10 minutes after the open. But in that first minute I saw a range of concerns and all random. About 30% of the time something funny would happen. For example about 30% of the time the study config window would open when I am trying to short a stock. I made some modifications and it seem like the issues were under control. Then I tried it live.

The system can handle it. The scripts are processed on the local machine and use very little resources. I've been using them daily for 2 years without issues that aren't DAS backend related (occasionally they do something like reset users BP to 0), but everyones mileage may vary. With that said, you mentioned it was popping up the StudyConfig window. That is a very abnormal behavior and shouldn't occur.   

 

15 hours ago, Rob C said:

Keeping my risk small I started trading with Kyle's scripts live. Most of the time there are no issues. Then usually on a day that I am taking a lot of trades, issues start to occur, especially if I am in two trades at the same time on two different montages with one long and one short. I commonly get stuck in the short trade with no way to cover. Even the panic button doesn't work. though it will always end the long trade. And yes I have seen several times my stop, which is plainly visible on my chart, seem to have no effect as the stock price flies right through it. Though this does not consistently happen.

With multiple orders, users also sometimes lose track of their BP, so they don't realize that they may not have the BP necessary to get a $200 risk position on a stock so it takes what they can afford. It's also important to realize what the DAS montage is doing if you're trading multiple stocks. The values aren't tied to a SYMB, so if you switch between symbols on the same montage and open up positions, you should reset the StopPrice value in the montage. I do this --> If I have multiple positions and only using 1 active montage (how I do it), whenever I load a symbol with open orders I make it a habit of double-clicking the Chart Order QTY flag, this loads that value into the montage's StopPrice.  If I switch to the other active position, I rinse and repeat. This way any hotkeys that use the StopPrice variable will have the proper value.

As a general rule, I do not recommend using Stop Limit orders. Volatile stocks that are moving with momentum (e.g. a short squeeze) can jump your Stop Limit and leave in a worse position. This is the cause of most properly formatted Stop orders not being filled. It's because the price moved through the Stop Limit too fast to get filled. 

Always use stop markets. You don't want the massive added risk trying to save a few cents with a Stop Limit.

 

Edited December 10, 2020 by KyleK29

[Rob C 826]

7 minutes ago, KyleK29 said:

 

 

The system can handle it. The scripts are processed on the local machine and use very little resources. I've been using them daily for 2 years without issues that aren't DAS backend related (occasionally they do something like reset users BP to 0), but everyones mileage may vary. With that said, you mentioned it was popping up the StudyConfig window. That is a very abnormal behavior and shouldn't occur.   

 

With multiple orders, users also sometimes lose track of their BP, so they don't realize that they may not have the BP necessary to get a $200 risk position on a stock so it takes what they can afford. It's also important to realize what the DAS montage is doing if you're trading multiple stocks. The values aren't tied to a SYMB, so if you switch between symbols on the same montage and open up positions, you should reset the StopPrice value in the montage. I do this --> If I have multiple positions and only using 1 active montage (how I do it), whenever I load a symbol with open orders I make it a habit of double-clicking the Chart Order QTY flag, this loads that value into the montage's StopPrice.  If I switch to the other active position, I rinse and repeat. This way any hotkeys that use the StopPrice variable will have the proper value.

As a general rule, I do not recommend using Stop Limit orders. Volatile stocks that are moving with momentum (e.g. a short squeeze) can jump your Stop Limit and leave in a worse position. This is the cause of most properly formatted Stop orders not being filled. It's because the price moved through the Stop Limit too fast to get filled. 

Always use stop markets. You don't want the massive added risk trying to save a few cents with a Stop Limit.

 

Hi Kyle, thanks for the quick response and a big thank you for sharing your hot key scripts with the BBT community.

Thanks for letting me know about the DAS update I will upgrade this weekend. I am only still only using a risk of $10 as I test the hot keys and since I need a min of $25k in my account BP shouldn't be an issue.

I am using a few months old computer with one of the fastest Intel chips. But as the market opens the fans start to blow at max speed and I am unable to use the DAS recording app. I actually can see the platform slow down. So I must be on the edge of the computers limits.

I agree and only use market orders for stops. But I did like my old hot keys that I could use "StopPrice - 0.05". But using your script it creates two orders on the chart and one order in the order window. Sometimes the phantom order is the one that gets triggered and thus the stop does not function. So I have removed it and so far I don't see an issue yet. Maybe the new DAS version has that fixed as well.

Can you specify the Chart Order QTY flag? I am not familiar with the term.

Thanks again! Much appreciated!

[Kinga Maurer 2]

15 hours ago, Rob C said:

There are members that are a lot more knowledgeable with the hot key scripts than me, but since I don't see anyone respond yet I will tell you what I know about that issue. I have seen it as well though slightly different, probably because I use IB. I just started using Kyle's hotkeys 3 weeks ago. First week I used them on replay mode. They worked fine except the order disappears on your chart if you move it. But that is a small price to pay. Then I tried them at the open in sim.

I usually take a trade in the first minute after the open. Maybe this puts undue stress on the PC and platform. These scripts maybe too long and issues arise. I don't see issues after about 10 minutes after the open. But in that first minute I saw a range of concerns and all random. About 30% of the time something funny would happen. For example about 30% of the time the study config window would open when I am trying to short a stock. I made some modifications and it seem like the issues were under control. Then I tried it live.

Keeping my risk small I started trading with Kyle's scripts live. Most of the time there are no issues. Then usually on a day that I am taking a lot of trades, issues start to occur, especially if I am in two trades at the same time on two different montages with one long and one short. I commonly get stuck in the short trade with no way to cover. Even the panic button doesn't work. though it will always end the long trade. And yes I have seen several times my stop, which is plainly visible on my chart, seem to have no effect as the stock price flies right through it. Though this does not consistently happen. I recorded it to send to DAS support when I figured out a solution. I don't like my stops where I choose them. Sounds funny, but after a 100 times getting stopped out by a penny or 2 and missing a 6R run I realized there are another 10,000 retailers just like me picking the same stop. So some algo drops down and takes us all out before going higher. So I placed a delta in the hotkey. This has really helped. So I did the same thing with Kyle's hotkey, but there is an issue. I assume you can do this safely with a limit order but with a market order it seems to cause an issue once in awhile. I see two orders created on my chart. One at the stop price and in your script, 2 cents below. So I see two orders on my chart. But only on order in the order window. The price then drops and sometimes only one of the orders (the wrong one) gets triggered. I still have the position and the stop order in the order window. Essentially, the stop didn't work.

I tried changing it from 0.02 to 00.0 but had the same issue. Finally I removed it and I only have the stop price or avgprice in the script. You could also switch to a stop limit order instead. So far that is working. I haven't seen that issue for a few days now. Please try that and see if it helps. Kyle's scripts are awesome. I think my trading is so close to the open with multiple positions overwhelms the platform.

Sorry about the long winded response. Hopefully there was something useful in my post.

Rob C

Hi Rob, thank you very much for taking your time to reply. I really appreciate it. it was kind of you. I've never had those issues before that you are describing with the hotkeys. My orders simply wouldn't take in SIM after I accidentally restored my settings. I ended up contacting DAS yesterday and I heard back. As it turns out, the issue was that my SIM buying power was also reset with my settings, thus based on a 25K SIM buying power my trades with Kyle's hotkeys wouldn't go through. and because I couldn't resolve the issue in SIM, I never dared to try it out in LIVE. I know, the solution was right in my face, and I just couldn't see it. 

Needless to say, I'm very glad to be back on track and grateful for this group and for your reply!

Happy holidays!

Kinga

[Kinga Maurer 2]

41 minutes ago, KyleK29 said:

 

CMEG has a different setup, DAS SIM keys don't work in CMEG. You need to make these changes:

DAY+   --> Change to DAY

And I think the ROUTE=LIMIT;  needs to be changed. I'm not sure what CMEG is using .. maybe another user can chime in? 

As a general tip, I recommend having an "Positions" and "Open Orders" window open at all times on your main DAS monitor, that way you can easily see if a STOP wasn't placed in the system and correct it.

 

You need to enable double-click to trade on the chart. Right-click chart -> Configure.  Please see screenshot.

 

Should be noted that DAS Replay Mode doesn't support Trigger Orders, so the stops won't go in the system when using that. 

Re: Orders disappearing on chart if you move ---> This was a bug that was fixed in DAS. Are you using the latest DAS version?

 

The system can handle it. The scripts are processed on the local machine and use very little resources. I've been using them daily for 2 years without issues that aren't DAS backend related (occasionally they do something like reset users BP to 0), but everyones mileage may vary. With that said, you mentioned it was popping up the StudyConfig window. That is a very abnormal behavior and shouldn't occur.   

 

With multiple orders, users also sometimes lose track of their BP, so they don't realize that they may not have the BP necessary to get a $200 risk position on a stock so it takes what they can afford. It's also important to realize what the DAS montage is doing if you're trading multiple stocks. The values aren't tied to a SYMB, so if you switch between symbols on the same montage and open up positions, you should reset the StopPrice value in the montage. I do this --> If I have multiple positions and only using 1 active montage (how I do it), whenever I load a symbol with open orders I make it a habit of double-clicking the Chart Order QTY flag, this loads that value into the montage's StopPrice.  If I switch to the other active position, I rinse and repeat. This way any hotkeys that use the StopPrice variable will have the proper value.

As a general rule, I do not recommend using Stop Limit orders. Volatile stocks that are moving with momentum (e.g. a short squeeze) can jump your Stop Limit and leave in a worse position. This is the cause of most properly formatted Stop orders not being filled. It's because the price moved through the Stop Limit too fast to get filled. 

Always use stop markets. You don't want the massive added risk trying to save a few cents with a Stop Limit.

 

Thank you, Kyle for your response! In the meanwhile I figured out my issue, which was the lack of BP in SIM after I restored my settings; and because of that, your hotkeys wouldn't work in SIM, therefore, I didn't even attempt to give LIVE trading a go. Once DAS helped me sort it out, life returned back to normal.

thanks again for your time!

Happy Holidays!