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

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@romadevera

you will need 2 buttons for that. 1 for long and 1 for short

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7 minutes ago, peterB said:

@romadevera

you will need 2 buttons for that. 1 for long and 1 for short

thanks Peter ūüôā¬†like below?¬†So I double lick the stop price I want then click the hot button?

image.thumb.png.c44c9e825847c5062c25ab533e29db21.png

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yes but i do not recommend you to start or test with $100 risk live

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Posted (edited)
On 9/28/2018 at 2:37 PM, 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

Hello Kyle, I watched a YouTube video that mentioned that you created the hotkey called "BUY $20 Risk." I mentioned in the comments that the script you provided worked in terms of selecting the share size but the stop loss will not register. I copied the exact script you did. The reply to that video sent me to this forum page to ask the question. Would you please let me know what I did wrong? Thank you!

Edited by electronabs

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Hi @electronabs, welcome to BBT. 

Are you selecting TRUE in this setting? "Choose if you want to also queue up a physical stop order that will go into the market when the initial order is fully filled (returned success)."

Also, make sure you have DAS version 5.2.0.34 or above

Quote

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.

 


Abiel Guerra

BBT Team

abiel@bearbulltraders.com

 @abielguerra 

Find your answers in our Knowledge Base 

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Posted (edited)

Hi all happy to be here.

 

I'm currently using the script on DAS that equalized $ RISK per trade. However, I want to adjust my SL being at the low of the candle if possible. I was told it might not be possible due to the limitations of DAS so I wonder if the script can be split into two orders in order to make it work. Also, another alternative would be the STOP LOSS placed at the low of the day since I primarly trade the opening on m1 candle or m2 candle. 

Any help would be greatly appreciated. 

Many thanks in advance.

Here is the script;

StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=20/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+;

Edited by danpadcas

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Can anyone explain how to properly use the scale in and scale out scripts. I like to scale it and out of my positions but Im not quite sure how to effectively do it using the scripts. 

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@danpadcas you click on the chart where you want your stop loss to be and click the hotkey. done

@Throne it really depends on what you want to do. you just need to know what you are doing. if you like to open small then add, you could do it by using the same hotkey multiple times or use the free roll hotkey. really depends on where is your target and the overall situation. for scaling out you use the partial hotkeys with or without moving the stop loss.

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Posted (edited)
4 hours ago, peterB said:

@danpadcas you click on the chart where you want your stop loss to be and click the hotkey. done

@Throne it really depends on what you want to do. you just need to know what you are doing. if you like to open small then add, you could do it by using the same hotkey multiple times or use the free roll hotkey. really depends on where is your target and the overall situation. for scaling out you use the partial hotkeys with or without moving the stop loss.

Dear PeterB. Thanks for your prompt answer. 

I'm not sure if this is actually what I'm looking for. The script was found in this video of William; https://www.youtube.com/watch?v=kDgiWrNVE3Q&list=PL56lRFdZR_Ps8hUB2smcpE5R95yeN9SEl&index=4 He explains, you can risk exactly the same amount of $ per trade no matter if its a penny stock or a high priced stock as the script will automatically calculated for you the number of shares.

Since I use $ Risk and I based my trades on R/R I've noticed the SL is way off from where I want it to be (usually LOD or at the low of the candle). This is what I want to change in the script in order to make it work if possible. I'm open to any suggestion such as (split it into two orders instead for example) 

I know I'm using an advanced hotkey and I'm a total beginner of DAS so I still need to get used to it. But since I found the script is a total game changer but it needs a bit of tweaking.

Please see the screenshot as an image is worth a thousands words; This is a trade taken yesterday on ARCT m1 candle.

 On the screenshot here is what the horizontal red lines mean:

         - Red horizontal line with an E= Entry order

         - Red horizontal line with a SL?= This one represents where my SL should have been placed at LOD: 

        - Red horizontal line with a SL= It represents the SL being placed when I opened the trade. 

        -The two arrows pointing at each other is the HOTBUTTON I use to enter my trades.

SCRIPT I use:

StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=20/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+;

I hope my explanation helps. 

 

Regards

 

forum.PNG

Edited by danpadcas

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Posted (edited)

all is good. you just need to enable click to trade on the chart as described in the first post of this thread - Instructions for Usage:. then you click on the chart at the 38.75 price level and then hit the hotkey.

then the script knows your stop loss and the current price and it calculates the size so you risk exactly $20

 

Ask-Price+0.00; - this means you do not tolerate any other price. usually ppl set some few cents space there so you are sure you are getting filled and set the stop properly

Edited by peterB

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I am having a problem using the fixed risk hot keys (long and short) in DAS with CMEG as my broker. Below is my script that I copied and pasted from the pdf in the BBT download section. I am only using $15 risk, but when I enter my hot key, the montage fills in trying to buy thousands of shares and I get the "invalid share" error message. The below screen shot is what the montage fills in with when I tried to use a $5 stop on AMD. I tried it with a lower priced stock with a dollar stop and it tried to buy over 6K shares with my $15 risk. Any help here would be appreciated. Thanks.

StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=15/Price; Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=De fShare-SShare;Share=0.5*SShare;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+

image.png.bf07eb7575da714dc550b1acf689dc15.png

Capture.PNG

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13 hours ago, peterB said:

@danpadcas you click on the chart where you want your stop loss to be and click the hotkey. done

@Throne it really depends on what you want to do. you just need to know what you are doing. if you like to open small then add, you could do it by using the same hotkey multiple times or use the free roll hotkey. really depends on where is your target and the overall situation. for scaling out you use the partial hotkeys with or without moving the stop loss.

@peterB Thanks for responding so quickly. Let me play in demo a few days and report back.

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Posted (edited)

Can someone tell me why my stop looks like this:

image.png.8a2e7f644a3d90d2deb108d96b222e3b.png
 

I mean it works but why are there two.

Here is my my hotbutton config:

StopPrice=Price+0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.00749999999999999;Price=Price-Bid+0.01;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=400;TriggerOrder=RT:STOP STOPTYPE:LIMIT PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
 

Also what do I need to do to make my stop update based on scaling in and out?

 

Here is my scale in and out configs:

Short

DefShare=BP*0.97;Share=Pos;SShare=Share *0.25;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=400;
 

Edited by Throne

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your hotbutton seems to be a mess:

18 hours ago, Throne said:

DefShare*0.25*Price*0.00749999999999999

 

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