Cover and Selling Hotkeys not working!

[bibekpillai 0]

I recently came across an issue with covering and selling hotkeys. When I try to sell or buy a position during intraday trading, the order does not go through most of the time. I am a beginner (on DAS Simulator) and am trying to figure out why this may be a problem. I have posted my hotkey formulas below for you to check out. Let me know if there is an issue with them or if it is possible it could be another problem. Thank you.

SELL 25% - 
ROUTE=LIMIT;Share=Pos*0.25;TIF=DAY+;Price=Ask+0.05;SELL=Send;

SELL 100% - 

ROUTE=LIMIT;Share=Pos;TIF=DAY+;Price=Ask+0.05;SELL=Send;

COVER 25% - 

ROUTE=LIMIT;Price=Bid-0.05;Share=Pos*0.25;TIF=DAY+;BUY=Send;

COVER 100% - 

ROUTE=LIMIT;Price=Bid-0.05;Share=Pos;TIF=DAY+;BUY=Send;

Edited February 24, 2021 by bibekpillai

[johno53 2]

As another newbie, I've had the same problem. I think it's just how the limit system works - it might or might not get to your price any time soon or might blow past it if things are moving fast. Having got myself into trouble several times, I found that the way to get the deal done STAT was to have one hot-key that sells the position at bid, and another one that buys / covers at Ask. Not very sophisticated and potentially costs a small amount if things are reasonably stable.

I'd be interested in what an experienced trader might suggest.

John.

[Justin 264]

On 2/24/2021 at 10:26 AM, bibekpillai said:

Let me know if there is an issue with them or if it is possible it could be another problem. Thank you.

You're probably not getting filled every time because you're Selling on the ASK and Covering on the BID. The +/- you have in that script is doing nothing because the price can't be above the ask when long or below the bid when short. So unless the price is exactly at the bid or ask when you hit the hotkey, it wont go through. Basically you have them backwards.

Sell 25%

CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.02;TIF=DAY+;SELL=Send

Cover 25%

CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Ask+0.02;TIF=DAY+;BUY=Send