Understanding Hotkeys

[GunnarKaufman 0]

Hello Traders! 

I am new to the community and starting to get DAS setup and understand HotKeys. 

Having some trouble understanding how share size is determined by Hotkey scripts.

For example, when you setup a Range Order Hotkey for 1:2 risk reward as shown in the essentials course, the script automatically calculates your share size. 

This is the script: 

StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=10/Price;Share=DefShar e-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*S Share;TogSShare;ROUTE=LIMIT;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+

I assume it is using your account balance to do this? And if so, what if you only want to use a portion of your account balance on a particular trade, is there a way to define the exact amount of shares you want to buy or the percentage of your account balance you want to use on that particular trade, while still using Hotkeys? 

[zulkafil 38]

Hello,

Das allocates memory location to different variables. Some variables are fixed for a day and some variables are dynamic. You can definitely use a portion of your balance, or you can define the number of shares. Update your script and assign variables accordingly.

Best of luck.

[peterB 327]

for more info look here