DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 9/10/19, v2.1

[natelockett 0]

I am wondering if there is a way to Use the Hotkeys for Price targets based on R multipliers and still have the stop loss from the equalized risk in place. When I try to do this I get an Error. Also, is there a way that when My first target gets hit, lets say 25% of my position gets sold at 1R can I then move my stop order to breakeven based on what I have profited already? Thank you for this as the tool is incredible!

[GaryD 0]

@KyleK29 I noticed in the DAS "Configuration Management" window under "New Features-under development" the option to turn-on "Hotkey Advanced Script". Have you had a chance to investigate and is there any information available on how it works? 

[Tradesman 0]

Hi,

 

in regards to these scripts, specifically the modified ones from William in the below video, the R target price gets put almost at the entry price when ever R > 1.

CXL ALLSYMB;StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=100/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Bid-0.03;TIF=GTC;SELL=Send;DefShare=200;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:GTC

 

Please see the above script and see the issue reproduced Price=StopPrice-Bid*3; gives the issues but Price=StopPrice-Bid*1; works fine.

 

Thanks

 

[RussWilliamL 21]

On 3/31/2023 at 2:12 PM, natelockett said:

is there a way that when My first target gets hit, lets say 25% of my position gets sold at 1R can I then move my stop order to breakeven based on what I have profited already? Thank you for this as the tool is incredible!

In order to do this, you would need two trigger orders.  The first trigger order would be a range stop order for 25% of your position and then the second would be the standard stop order for 75% of your position.  After the Range Stop is triggered, you can manually move the regular stop to break even.

There is a problem with this, though.  If your dynamically calculated position is an odd number of shares, the 25% and 75% would not equal your complete position.  In that case, you would need to manually change one of the orders.

[RussWilliamL 21]

On 3/31/2023 at 2:12 PM, natelockett said:

I am wondering if there is a way to Use the Hotkeys for Price targets based on R multipliers and still have the stop loss from the equalized risk in place. When I try to do this I get an Error. 

I'm guessing you are talking about having a Trigger order that is a Range Stop order where the high and low are calculated on R.

[Tom P 0]

Hello Kyle,

I downloaded this hot keys but some reason I don't get the exit and target entries for the short script only on the long. I may have messed something up when I copied them, but I can't find it. Nor can I find the document I originally copied them from. Any help would be appreciated. 

Short:

CXLALLSYMB;StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=100/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGELowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:DAY+

 

Long(Which works fine):

CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=100/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;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+

 

Thank you

Tom

[Martin D 27]

12 hours ago, Tom P said:

TriggerOrder=RT:STOP STOPTYPE:RANGELowPrice:Price

It's only and educated guess but I'd assume the lack of a space here between the RANGE and LowPrice would be causing an issue because it's two different calls. So basically this instead.

TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price

There may be other issues but I'd try that first.

[D_Zitter2 2]

Hi All,   I hope anyone can help me with this? So I have a hotkey for a fixed risk of $50: StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=50/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=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;ROUTE=LIMIT;   My question is, how can I make a hotkey for a stoploss (when by any reason my original stop loss is lost) at that $50 fixed risk level (example: AvgCost=340.83, Shares=250, so 50/250=0.2 > AvgCost-0.2= 338.83= Stoploss fixed risk $50

[Tom P 0]

Hey D-Zitter2, thank you for sending over that excel file. As they stated on the PDF page I had, "Do NOT copy this as there are line breaks that will cause the script not to work"! Was put there for a good reason. However that spread sheet has all of them. 

Much appreciated. 

 

Best Regards, 

Tom

[vpjinvest 1]

Hi , I am trying to using the long or short script in SIM environment on SPY ,  CObra trading with DAS trader Pro latest beta version

long one 

CXL ALLSYMB;
StopPrice=Price;DefShare=BP*0.925;Price=Ask-Price;
SShare=1000/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=200;
Price=Ask-StopPrice*3+Ask;
TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+;

 

 I Tired various scripts from various places in bearbulltrader. Am i missing any configuration

Either i am get invalid price error

or i get the very high number in the price field  and if it buys it doesn't come with the range order

20:23:00    TriggerLog    Update, F=9, NEWORDER ACC:TR3496 ACT:SELL SYM:SPY EXH:A QTY:POS RT:STOP StopType:RANGE LowPrice:, Untriggered, Canceled, , , mid:15

[Nickjt 0]

Hi all, I just set up a $20 risk hotkey (the lowest risk) in the DAS simulator.  But when I try to use it, DAS tells gives me an error message saying "Set default shares to 400".  Any ideas what I'm missing?  

[yoshi_kk 0]

Hi.

I'm using this script to trade options. Since actual dollar risking amount is x100 of the contract price with options, I tried to use 'SShare=0.5/Price' to mean that I want to risk $50 (0.5 x 100). 
 

It works fine, as long as where I double click on the chart where I want to place my stop is within $0.5 from the current price. Say current option price on the chart is at $3.50 and I want to place my stop at $3.01, it works fine.

However if I try to set my stop at $2.95, nothing happens. I suspect there's some error calculating number of contracts to buy when it passes $3.00 mark. I am suspecting something like the number of shares to buy become below 1 and that's considered 0 (?)

Is there any way to modify this to at least buy 1 contract even if my stop loss is more than $0.5 away from current price? I understand by doing this, my risk will be more than $50 in this case.

Thank you. 

[ITO 2]

On 2/6/2024 at 9:52 PM, yoshi_kk said:

Hi.

I'm using this script to trade options. Since actual dollar risking amount is x100 of the contract price with options, I tried to use 'SShare=0.5/Price' to mean that I want to risk $50 (0.5 x 100). 
 

It works fine, as long as where I double click on the chart where I want to place my stop is within $0.5 from the current price. Say current option price on the chart is at $3.50 and I want to place my stop at $3.01, it works fine.

However if I try to set my stop at $2.95, nothing happens. I suspect there's some error calculating number of contracts to buy when it passes $3.00 mark. I am suspecting something like the number of shares to buy become below 1 and that's considered 0 (?)

Is there any way to modify this to at least buy 1 contract even if my stop loss is more than $0.5 away from current price? I understand by doing this, my risk will be more than $50 in this case.

Thank you. 

If I understand correctly ur $ Risk is $50 and you would like to set the number of contracts automatically.  I would use the following :  SShare=50/Price/100.  Once u selected ur SL on the chart by Dbl+Cliking  (Price=Ask-Price+0.01), U r saying that the number of contracts to trade is MyRisk/SL/100  , in ur case 50/0.5/100 = 1 contract.  That is y u it would work around the 0.5 area.  Hope that helps.

The formula is :  $RISK/SL/100

here SL or Price=Ask-Price+0.01 u r actually saying that my SL=Ask - My_Selected_Price +0.01 $ to make sure that u r within ur parameters. the "Price" within the formula is the one u clicked.

The following is the way I have mine setup :

StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=500/Price/100;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=0;TriggerOrder=RT:STOP STOPTYPE:LIMIT PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

 

[Oli Mason 1]

Hi,

I've been using the hot keys reference in this this video below; they all work great but I would like to adjust the profit target to 1.5 R but it doesn't seem to work?

If I change to whole number multiples like 2/1, 3/1 risk it all works fine.

Can anyone help to adjust this?

The hot key codes are as below;

For Long Entries and a $10 risk, stop order attached, and Target order of 1:1 CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=10/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;Price=Ask-StopPrice*1+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+

 

 

For Short Entries and a $10 risk, stop order attached, and Target order of 1:1 CXL ALLSYMB;StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;Price=StopPrice-Bid*1;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS TIF:DAY+

Any input appreciated!

 

 

 

 

Edited February 17 by Oli Mason

[GProf 1]

Hello... I don't know if this is what you're looking for, but here is what I have for my 3R gain on one of my hotkeys...

CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=200/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;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+

I would just change it to this for 1.5 reward 

CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=200/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;Price=Ask-StopPrice*1.5+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+

I can't test it out right now, but I assume it would work... test in SIM first  

Hope it helps.

GProf