The R target calculation in hotkey

[Matt 2]

Hello,

I saw in one of @peterB's posts on is Blog that it's possible to add lines with hotkeys in DAS. I would like to add target lines for my 1R and 2R target dynamically when I take a position.

I tried adding code to Kyle's Hotkey without success.

Can someone tell me what's wrong with this code?

If you have any suggestions for improvement, that would be great.

Thank you!

 

StopPrice=Price-0.01;
$STOP=Price-0.01;
DefShare=BP*0.97;
Price=Ask-Price+0.01;
SShare=600/Price;
Share=DefShare-SShare;
DefShare=DefShare+SShare;
SShare=Share;
Sshare=DefShare-SShare;
Share=0.5*SShare;
TogSShare;
ROUTE=LIMIT;
Price= Ask+0.05;
$PRICE = Ask;
TIF=DAY;
BUY=Send;DefShare=400;
TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Share TIF:DAY;

$TARGETR=$PRICE-$STOP;
$RISKONE=$PRICE+$TARGETR;
$RISKTWO=$PRICE+($TARGETR*2);
FocusWidow TRADEFIVEMINUTES;
DrawHorzLineWithPrice($RISKONE);
DrawHorzLineWithPrice($RISKTWO);

 

Edited May 24 by Matt

[peterB 316]

$PRICE+($TARGETR*2);

this is not possible in DASTrader as it dooes not know the mathematical logics and brackets

you need to do

$PRICE+$TARGETR+$TARGETR

instead

see the log for the errors you get. there will be an error about route not being "LIMIT" etc.

overall you should switch to the new syntax and forget the old one as the calculations done in the old syntax are now useless and it will be easier for you to understand what is going on rather than studying why the switches between SShare and Share are there

Edited May 24 by peterB

[Matt 2]

Ok! Thz @peterB  It help a lot.

I did not find on the DAS website any documentation on the new syntax. Do you have anything?

I will use your blog for reference for now.

[Matt 2]

I use the "BBT 3 month SIM" subscribtion. I try some of the hotkeys on your blog and this is not working. I will have to stay with the old syntax.

 

Edited May 24 by Matt

[peterB 316]

you can use the new syntax for orders but specifically this line drawing has been fixed in 5.7.9.3 only

[ITO 0]

Hi PeterB , is there a way one can test to see if the current symbol is a stock or an option for example with the Advanced hotkeys?  where can one find some literature on the commands plz ?

[peterB 316]

SYMBOL is a symbol it does not matter what it is for the order preparation on montage so i think there is no way to determine it (now)

documentation is very vague in the application itself in the hotkeys section. better documentation with some explanation and examples is here https://traderpeter.substack.com/s/dastrader-hotkeys