The R target calculation in hotkey

[Matt 3]

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 3]

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 3]

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

[Daniel Blue 0]

Hello Matt and Peter, 
I had the exact same question. Thanks for posting it. I saw your script and tried to duplicate it. But I'm having trouble with the DrawHorzLineWithPrice() script. No matter what I do, I can't get this script to draw a line. the one without the parentheses works okay, but it's limited. Any advice? For example, does it not work in Replay mode? I did check the box in Other Configuration, to enable Advanced Hot Key Scripts, but that didn't work either. Thanks for any insight you can give.

Edited Friday at 02:16 AM by Daniel Blue

[Matt 3]

@peterB is way better then me with those question.

best!

[peterB 316]

15 hours ago, Daniel Blue said:

Hello Matt and Peter, 
I had the exact same question. Thanks for posting it. I saw your script and tried to duplicate it. But I'm having trouble with the DrawHorzLineWithPrice() script. No matter what I do, I can't get this script to draw a line. the one without the parentheses works okay, but it's limited. Any advice? For example, does it not work in Replay mode? I did check the box in Other Configuration, to enable Advanced Hot Key Scripts, but that didn't work either. Thanks for any insight you can give.

well it depends on what and how you do.

the function can be called only when your chart window is in focus so if you do it as a hot button you need to change focus in the hot button first with

FocusWindow MYDAILY;

for that your chart window needs to be named first as by default the chart windows do not have names

by the way from the latest beta 5.7.9.7 we can use colors for the lines as well

DrawHorzLineWithPrice($YOUR_DESIRED_PRICE,color(190,254,152));

 

[peterB 316]

On 6/11/2024 at 8:53 PM, ITO said:

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 ?

in the last beta 5.7.9.3 there is a function

IsOptSymbol(symbol) but i am not sure how it is supposed to be used as i do not trade options with DAStrader

[Daniel Blue 0]

Thanks Peter, I tried it with the focuswindow, and I do see that window taking the focus, but the trendline still isn't being drawn. Nothing I do makes the trendline drawn. So strange. If i put a round number in there for the variable, it works. But if i use 'last' or any variable, it doesn't work.

$TPRICE=Last; DrawHorzLineWithPrice ($TPRICE);

FocusWindow ActiveTradingWindow; $TPRICE=Last; DrawHorzLineWithPrice ($TPRICE);

Neither of them work.  Any thoughts?

[peterB 316]

which version of dastrader you have?

is your $tprice populated with last or not? 

see the log file in the log folder for any errors

also note that you need to try it when the market is open (including pre and post market) otherwise LAST will be 0 

Edited yesterday at 12:09 PM by peterB