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KyleK29

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

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1 hour ago, peterB said:
StopPrice=Price-0,01;DefShare=BP*0,97;Share=DefShare*0,25*Price*0,01;Price=Ask-Price+0,01;SShare=Share/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=100;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

i am getting "Invalid Operator" in my DAS 5.4.3.0

what is wrong?

It's the commas.

Looks like you're in Italy? In the troubleshooting section of the spreadsheet it mentions European users will need to change the decimal separator from "," to "."

Incorrect - 0,01

Correct - 0.01

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On 12/2/2019 at 10:05 AM, Sapperstien said:

Hey Kyle, This might be difficult to do and kind of dangerous to rely upon but do you think it would be possible to implement having it only execute and round to the nearest and smallest board lot (100shares) so you don't execute in odd lots? Obviously and shares <100 (mixed) would have to be executed as 100. 
 

I don't believe it would be possible given what I know of DAS' hotkeys but I thought it would be worth a shot. Would help save on fees. Thx. 

Curious, how would this help save on fees? Odd lots cost more? I haven't noticed with IB. 

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Hi I'm 1 month into sim but having some issues with my hotkeys and was hoping someone would help a fellow BBT member out.

I'm currently using kyles hotkeys which work great but when a stock is on SSR.S  I'm having alot of trouble

I have a $25 risk long hotkey which is

 StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=25/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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

which works as normal when a stock is on short selling restriction once I've double clicked where i want my stop to be on the chart.

 

but all the hotkeys below won't work when a stock is on  ssr.s restriction:

SELL HALF (When I'm long)

Share=Pos*.5;Price=Bid-.05;TIF=DAY+;SELL=Send;

 

SELL ALL (When i'm long)

;Share=Pos;Price=Bid-.05;TIF=DAY+;SELL=Send;

 

also none of my short hotkeys below work either:

I have a $10 risk short hotkey which is

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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

 

COVER HALF (when i'm short)

Share=Pos*.5;Price=Ask+.05;TIF=DAY+;BUY=Send;

COVER ALL (When i'm short)

Share=Pos;Price=Ask+.05;TIF=DAY+;BUY=Send;

 

When i try to use these when a stock is on SSR.S it says short marketable limit order disable due to SSR.S.

 

does anyone have a script which will work with kyles hotkeys when a stock is on SSR.S to

1) cover half  and cover all of my position  when i'm long using kyles hotkeys

2) short a stock using kyles hotkeys with a defined risk

3) cover half and cover all of your position once I've used kyles short hotkeys  

 

I'm currently with CMEG but only in their simulation mode. 

Any feedback would be great.

 

Thanks

 

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3 hours ago, ANTHONY_UK said:

SELL HALF (When I'm long)

Share=Pos*.5;Price=Bid-.05;TIF=DAY+;SELL=Send;

 

SELL ALL (When i'm long)

;Share=Pos;Price=Bid-.05;TIF=DAY+;SELL=Send;

You're missing your Route - also you should cancel any open orders before selling/buying:

50%
;CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Bid-0.05;TIF=DAY+;SELL=Send

100%
;CXL ALLSYMB;Route=LIMIT;Share=Pos*1;Price=Bid-0.05;TIF=DAY+;SELL=Send

 

For your Short hotkey, when you trigger it on an SSR can you see that it creates an open order - just not filled? Because they will only fill when going up in price.

Edited by Justin
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@KyleK29 Hi Kyle - Thanks for such outstanding work, you have no idea how these hotkeys improve my trading. I have one question though, do you know why I can not partial when my breakeven bidirectional hotkey is on. For example I am long ROKU at $150 and moved a dollar $151 and let's say I moved my stop loss to breakeven using the biderectional breakeven hotkey for short and long, and now I want to partial 25%. For some reasons it does not allow me to. I need to cancel my breakeven stop loss order first then I can take my partial. Any idea why?

Thanks!

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On 12/12/2018 at 10:44 AM, KyleK29 said:

Did the spreadsheet create that command, or did you make edits (just need to know if I need to make a fix for the spreadsheet)? The TriggerOrder section shouldn't have ";" as it's technically one command.

Here is what the TriggerOrder portion should look like:

TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice STOPPRICE:StopPrice QTY:Pos TIF:DAY+ ACT:SELL;

Fixed command:

FocusWindow MONTAGE;StopPrice=Price-0;DefShare=BP*0.99;Share=DefShare*0.25*Price*0.02;Price=Ask-Price+0;SShare=Share/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=1000;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice STOPPRICE:StopPrice QTY:Pos TIF:DAY+ ACT:SELL;

 

@KyleK29

Below 2 hot keys I am assuming placing a stop market order by double clicking on chart to get stop price for an open position. Please let me know if my understanding is correct.

 

TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice STOPPRICE:StopPrice QTY:Pos TIF:DAY+ ACT:SELL;

 

TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice STOPPRICE:StopPrice QTY:Pos TIF:DAY+ ACT:BUY;
 

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On 12/10/2019 at 6:05 PM, ANTHONY_UK said:

Hi I'm 1 month into sim but having some issues with my hotkeys and was hoping someone would help a fellow BBT member out.

I'm currently using kyles hotkeys which work great but when a stock is on SSR.S  I'm having alot of trouble

I have a $25 risk long hotkey which is

 StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=25/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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

which works as normal when a stock is on short selling restriction once I've double clicked where i want my stop to be on the chart.

 

but all the hotkeys below won't work when a stock is on  ssr.s restriction:

SELL HALF (When I'm long)

Share=Pos*.5;Price=Bid-.05;TIF=DAY+;SELL=Send;

 

SELL ALL (When i'm long)

;Share=Pos;Price=Bid-.05;TIF=DAY+;SELL=Send;

 

also none of my short hotkeys below work either:

I have a $10 risk short hotkey which is

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;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

 

COVER HALF (when i'm short)

Share=Pos*.5;Price=Ask+.05;TIF=DAY+;BUY=Send;

COVER ALL (When i'm short)

Share=Pos;Price=Ask+.05;TIF=DAY+;BUY=Send;

 

When i try to use these when a stock is on SSR.S it says short marketable limit order disable due to SSR.S.

 

does anyone have a script which will work with kyles hotkeys when a stock is on SSR.S to

1) cover half  and cover all of my position  when i'm long using kyles hotkeys

2) short a stock using kyles hotkeys with a defined risk

3) cover half and cover all of your position once I've used kyles short hotkeys  

 

I'm currently with CMEG but only in their simulation mode. 

Any feedback would be great.

 

Thanks

 

when on SSR you can sell on the ASK while your hotkeys are on BID

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On 12/10/2019 at 9:28 PM, ragy said:

@KyleK29 Hi Kyle - Thanks for such outstanding work, you have no idea how these hotkeys improve my trading. I have one question though, do you know why I can not partial when my breakeven bidirectional hotkey is on. For example I am long ROKU at $150 and moved a dollar $151 and let's say I moved my stop loss to breakeven using the biderectional breakeven hotkey for short and long, and now I want to partial 25%. For some reasons it does not allow me to. I need to cancel my breakeven stop loss order first then I can take my partial. Any idea why?

Thanks!

just add CXL ALLSYMB; in front of your partial order script

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On 9/28/2018 at 11:37 AM, KyleK29 said:

Updated: 8/8/2019 @ 12:44pm (PST)

Finally out of the alpha stage and releasing this to the community, I've been using it with success. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly.

This is more of a BETA release for this, so if anyone wants to try this out in SIM and let me know if you have any issues with the configuration sheet or the hotkeys themselves. It's based on the work started by @fjmocke here: https://forums.bearbulltraders.com/topic/469-das-calculate-shares-based-on-account-risk/ . 

What it is:

It's a hotkey command script that can be used to dynamically alter the share total based on:

  • Available Buying Power (capital)
  • Stop Location (Risk)
  • % Account Risk OR Fixed Dollar Amount

The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors:

A - Shares You Can Afford
B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares)
min{A,B} = 0.5(A + B - | A - B | )

But, why male models?

I just told you. /Zoolander reference

You'd use this to calculate your share total based on what you're willing to risk. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. 100% is the A-Plus setups I see, those I have HIGH confidence in. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those.

Instructions for Configuration:

  1. Go to this link:
    V2.1: https://drive.google.com/open?id=1TJy7jRHhdMYGyyfKbbYd3M7j6bqxgeoy
    ^^ Recommend latest DAS version of 5.4.3.0. Requires DAS version 5.2.0.34 or above (current BETA branch as of 11/19/2018) for the physical stop portion to work. If you don't use the physical stop, you don't have to worry about it.
  2. NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do.
  3. Choose: Download the ZIP file and unzip to where you want.
  4. On "Setup & Instructions" configure your settings.
    1. Account Leverage (default for DAS is 4), this is the margin your broker gives you. Some off-shores give 6. It needs to match what is configured in DAS for proper calculations.
    2. Max Account Risk %. This is the maximum percent of equity you're willing to risk on every trade (default is 1%). You can always risk lower (more on that later).
    3. % of Total Buying Power. If you don't want to calculate based on the total buying power of 100%, you can set this to a lower percentage (example: 100,000 buying power with 60% here equals $60,000 maximum position size)
    4. Route. LIMIT, MARKET, SMRTL. Default is LIMIT.
    5. Order Bid/Ask Offset. This is the offset you use when you send the price for order, e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask)
    6. Time in Force. Default: Day+
    7. Default Shares. This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. when you click a Symbol and it loads,  this is the share total). You can see why this is here in the technical breakdown section below.
    8. Minimum Stop Buffer. This is an offset to the stop distance. If you set this to 0.05, it'll add 5 cents to the stop distance calculation (so if your stop distance is 0.05, it'll be calculated on 0.10).
  5. Switch to the "Hotkeys" tab.
  6. Choose your preferred style. % Risk of Equity (Dynamic) or Fixed Price (e.g. $150 risk).
    1. %Equity Risk: Use the drop down to select what you want the value to be % equity. NOTE: This is a modifier AFTER your account risk maximum %. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 --> 0.5%.
    2. $ Fixed: Use the drop down to select what you want the value to be for dollar risk.
    3. Select "long" or "short" to flip the script's direction.
    4. Click the cell that contains the start of the command (E column) and Ctrl + C (copy). Paste it into DAS. It should look like a sample command below.

Instructions for Usage:

  1. First, you must have "Double Click to Trade" turned on in Chart, Right-Click --> Configure --> Settings --> Double-click to trade.
  2. Double click the chart where you want to set a mental stop (it does not place a stop order, you can always put one in after).
  3. Hit your configured hotkey.

 

Sample Scripts:

LONG:

DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Ask - Price + 0.02;SShare = Share / 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 = 500;

SHORT:

DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Price - Bid + 0.02;SShare = Share / 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 = 500;

 

Technical Breakdown:

DAS has basic scripting. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication.  To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. 

This command gets around these limitations by using user-writeable areas of memory in the program. Since DAS is written in the C++ language (from what I can tell), it's strict on what can be done in these existing memory locations. The hotkey uses the following items (plus the usual Price -- FLOAT):

(Assumptions on Datatypes)
DefShare -- INT (Used as a temporary variable for storage)
SShare -- Unsigned INT (Behaves like an Unsigned INT in certain situations. Used as a temporary variable for storage)
Share -- INT (Used as a temporary variable for storage)

With the 3 INT variables, objects are moved around in memory so that we can calculate and compare with our variable limitation (be much easier if we could assign our own). To facilitate the ABS() function, we use a trick --> When a negative value is placed into an Unsigned INT it loses it's sign (thus, it becomes a POSITIVE value in memory).

A more detailed technical breakdown (step by step) is located in the Configuration spreadsheet up above.

Future Enhancements:

  • If need be, I can make a step-by-step video of this entire process.
  • I have a version that uses an AutoHotKey macro to drop a line at the stop location, I can upload that as well if people want it.
    • ^^ Update, I discontinued this as it was too cumbersome. You had to have two sets of hotkeys for each command. I may someday revisit it if I can build out a configuration tool for it.

TLDR:

It does the math for you so you can risk a known amount (% or $) based on your per-trade risk position (stop distance). And yes, I'm a bit of a tech nerd.

Also, longest post .. ever. Would not read again, 0/5 stars.

---

KNOWN ISSUES:

  • %Account Risk gets smaller and smaller when subsequent open positions
    • Reason: No Equity variable, we reverse calculate equity using Buying Power. On subsequent positions, the % (e.g. 1%) calculation will be based on the available buying power and NOT the account equity.
    • Workaround: Precalculate the %risk and use it for the $risk versions. So 1% of $25,000 equity equals $250.
  • SSR rejection on LONG position when scaling out; rejection message (e.g. "Short marketable limit order disable due to SSR!") if using the automatic STOP trigger.
    • Reason: DAS calculates that the position will drop below the open stop order position and reject as this can cause the position to "flip" if it was triggered.
    • Workaround: Have a hotkey to clear the open orders (CXL ALLSYMB), clear it, scale the position (e.g. 25%). Either replace the stop or switch to a mental stop. Alternatively, you can add "CXL ALLSYMB;" to the front of the scale-out hotkeys. You just have to be cognizant to replace the stop order.
  • Equated position size if very small (e.g. 4 or 5 shares when expected is hundreds).
    • Reason: Wrong side was used for the order. E.g. a long hotkey is used when trying to go short. -or- Stop Distance was calculated to be a negative value (clicked too close to current price).
    • Workaround: Be cognizant of the hotkeys used and the stop distance clicked. Clicking too close (a really tight stop) can be very dangerous if you do it inadvertently.
  • TriggerOrder for automatic STOP placement not being sent (no stop order placed).
    • Reason: Montage is not set to a style that doesn't allow TriggerOrder input. Styles not compatible are: Default [DAS's, if you changed it], Basic, OCO, Option, Full
    • Fix: Use a style that is compatible, they are: Stop Order, Detail, Trigger  -- I recommended using the "Stop Order" montage style. To change this, right click the montage area around where you'd enter a price and select Style --> Your Choice.

---

UPDATES:

10/17/2018

- Added v.1.1 link, you'd need to use the new version to change anything.
- General cleanup of the script. Added instructions for the IB issue (discussed in this thread)
- NEW FEATURE: Added a new section to the Hotkeys sheet, it will now create a set up for Dynamic Scale-In hotkey commands.  You'd use these by setting a scale value (say you want an additional 50% of your current position size). The hotkey will calculate the maximum share you can afford (how much you can afford at the moment) and the scale value, choosing to take the least amount. So if your current position is 1500 shares (@ $50.00) and you want to scale in at 50% your current position, it'd check if you can afford an additional 750 shares, if you can't, it'll buy the maximum you can afford. For this example, you can't afford it (if Buying Power is 100k), so it'd buy roughly $25k worth (500 shares).
- CLEANUP: Cleaned up the $Dollar Risk version and removed unnecessary steps. Don't really need to replace yours if they exist, but worth noting.

10/30/2018

- Added @Michael P's suggested fixes for Excel. Configuration tool should now work in both Sheets and Excel.
- NOTICE: This was a configuration tool change, no changes were made to the hotkey scripts, so no need to change any existing hotkeys.

11/19/2018
- Shortened some of the commands so we don't hit any hotkey character limit, makes them less readable, but shorter. Couldn't get them low enough to fit the montage buttons though (although removing the portions for the buying power rejection protection would likely do it).
- Added a section for SELL/COVER buttons for people who just need to create those. E.g. "Sell 25% position" or "Sell 33% position".
- Added @Robert H's stop suggestion. New fields on the setup page for enabling physical stops. If enabled, it'll place a MARKET or LIMIT (settings included) trigger order to go into the market once the initial order is fulfilled, these are placed at the location you double-clicked on the chart.

11/20/2018
- Added a stop-order setting to set an additional buffer for the stop price (for those that want to include or exclude the double-clicked price).
- Added conditional formatting to subdue the stop settings that aren't required if you disable sending a physical stop into the market.

12/10/2018
- Added a known issues section to this post and the spreadsheet (for when a new version goes up).

12/12/2018
- Updated known issues section to include the "Montage Style" issue for TriggerOrders.

12/13/2018
- Updated to new version 1.46. Fixed a bug in the Trigger Order script which could cause it to not be interpreted by DAS's command parser on certain user settings.
- Added "modifier" extra hotkeys. See instructions next to these on how to use them.
- - - Set Stop to Breakeven - Long or Short - Stop Limit or Stop Market (cancels any pending orders for SYMB)
- - - Set Stop to Breakeven - Bidirectional - Stop Market (cancels any pending orders for SYMB)
- - - Stop - Update Price - Long or Short - Stop Limit or Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey)
- - - Stop - Update Price - Bidirectional - Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey)
- - - Stop - Update Position - Long or Short - Stop Limit or Stop Market - Replace (requires you double-click the original stop in the Orders window)
- - - Stop - Update Position - Bidirectional - Stop Market Orders Only - Replace (requires you double-click the original stop in the Orders window).

8/8/2019
- New version 2.0, download the .zip file and unzip it.
- Fixed an issue with some hotkey configurations that may have caused them to be inaccurate in vary rare situations. Recommend recreating your hotkeys in this new version, just to be sure.
- Added Profit Target hotkeys.
- Added % Scale-In Hotkeys
- Added $ Risk Scale-In Hotkeys
- Added Short-SSR to Long/Short dropdown for SSR hotkeys (DAS Simulator)
- Added Range Order hotkeys
- Added Y-Margin Scale Increase hotkey, Y-Margin Decrease, and Y-Margin Reset
- Added new sheet "Example - Equity%" and "Example - $Risk" to give a more workflow outlook on what is happening.
- Included a ScaleOut worksheet to manually simulate what different scale percentages / scenarios look like (instructions will be in the video).

ALSO: Video is done and rendering, I think it comes in at 45minutes with 3.4gigs (4k), so it'll need to be optimized before I upload it to YouTube. Will try to do it today and will update this when done.

9/10/2019
- New version 2.1 released. Just general clean up (UI) and bug fixes.
- FIXED: Issue with the Scale-In $Risk hotkeys. 
- FIXED: Issue with the Stop Update Price long and short hotkeys>
^^ If you use either of those, please regenerate them and replace in your DAS to avoid issues.

 

UPDATES:

The majority of this side project is completed and besides a few requests I have in with DAS developers to optimize a few things, out of any major bugs or improved scripting features, I'd say this is about done. I'll provide any edge-case support as need, but I want to move on to other BBT-community projects. So what do I have cookin' for you guys, gals, and cat?

You'll see a glimpse in the video of an early prototype (buggy! I programmed that in a few hours, so bugs are expected) of a DAS calculator side program. The newer version (need to finish the UI) will incorporate a lot more in ways of tools for you, including automatically calculating changes without a hotkey intervention. It also allows you to mass-process trade log .csv files you may have exported and compile it into Excel or .CSV for import into other programs. Configuration is drag/drop friendly, so rearranging your columns is as easy as click and holding.

I'm also going to shift my attention to finishing my ORB-strategy research. Right now, my datapool encompasses 15000 news article, gaplists for 2011-2019, and 1second data for stocks in that range. It's a data store of roughly 80 gigs. The idea is to test for hidden signals we may not see that can indicate a potential direction of an ORB strategy (if no rare outside influence occurs, like a terrorist attack) by leveraging a consortium of machine learning algorithms to give us a higher probability of success for each day. Depending how the research works out, the end product would likely be a probability predictor for each day. I'll share the research results with the community and may incorporate some other tests as well.

 

VIDEO:

Ok, so I may have gone down an editing rabbit hole and that took longer than expected. The videos are up, came in quite long so I chunked it down. Sorry it's a tad scattered and not one-linear cohesive unit, but I tried to mark it up as best as possible.


Part 1 - Config / Math - https://youtu.be/YrRrydwGyRY
Part 2 - Setup, Quick Examples, Tips - https://youtu.be/pXLlWF7T6hw
Part 3 - Sim Trade Example - https://youtu.be/SO9UhJh4dTc
Bonus 1 - Scale/Price Excel Calc - https://youtu.be/KTr_iJ2p0TU
Bonus Tips - https://youtu.be/sNHXFMoia7A

Hi Kyle,

I love your scripts and started using them a few days ago  in SIM and expect to use them in my hot account some time soon. Great stuff!

Would it be possible to place limit orders at a user defined level using any other price entry fields to define a risk level?

I looked a little bit into this with the help of my son who has a little programming/scripting knowledge....since there's 2 price variables we need to define (risk, entry levels) to perform the calculations out idea was to store price in an intermediary field using a master hot key (e.g. risk level) and then using a second double-click for the entry price which would be used to perform the limit order at a user defined entry level. The problem he had with this was that while he could use the Share field as an intermediary it's not really practical because of the lack of INTEGER to FLOAT convertibility when moving that number back to the price field.

Not sure whether this makes sense....but that was the best we could come up with...maybe Kyle or someone else versed in scripting has some idea to get around this issue or has an independent way of defining such an order.

 

Thanks

 

Marek

Edited by Marek Liyanage
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Kyle - I have a question regarding this hotkey. I have been using the script for a few months now and it works perfect. The concern I have is when I let the stock go to my stop loss (risk) $20, this is the exact amount I lose. The question is when I get my 2-1, I don't get a true $20 or even $40 reward. Why is this? I have let the stock run sometimes upwards of .40 cents where my risk is say only .12. I still don't get my actual risk to reward. 

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16 hours ago, Jramosent said:

Kyle - I have a question regarding this hotkey. I have been using the script for a few months now and it works perfect. The concern I have is when I let the stock go to my stop loss (risk) $20, this is the exact amount I lose. The question is when I get my 2-1, I don't get a true $20 or even $40 reward. Why is this? I have let the stock run sometimes upwards of .40 cents where my risk is say only .12. I still don't get my actual risk to reward. 

Hi Jra - post a screenshot of your order log because that sounds impossible. There could be some slippage between orders sent and filled, but be aware the script, by nature, is not 100% accurate with the risk calc. 

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5 hours ago, Brendon said:

Hi Jra - post a screenshot of your order log because that sounds impossible. There could be some slippage between orders sent and filled, but be aware the script, by nature, is not 100% accurate with the risk calc. 

In this example here I shorted the stock in which I had a .16 cent win with a stop of .07 cents. A little more than 2 to 1 correct? I ended up making $13.60, Although my risk is always $20.... Maybe I'm doing something wrong here?

AMD Log.png

Edited by Jramosent

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it all depends on your buying power so if your buying power is only $4000 that is your limit on the position size, not the risk.

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Kyle Thank You so much for this amazing hotkeys you created for the community. It improved my trading a lot.

I have a question is there any way you can add one more criteria to the existing hotkeys  that will allow you to buy or sell maximum 1000 shares with your buying power.

Edited by Jinagt

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