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. This command gets around these limitations by using user-writeable areas of memory in the program. To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication. It should look like a sample command below.įirst, you must have "Double Click to Trade" turned on in Chart, Right-Click -> Configure -> Settings -> Double-click to trade.ĭouble 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).ĭefShare=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 ĭefShare=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 ĭAS has basic scripting. Select "long" or "short" to flip the script's direction.Ĭlick the cell that contains the start of the command (E column) and Ctrl + C (copy). $ Fixed: Use the drop down to select what you want the value to be for dollar risk. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 -> 0.5%. NOTE: This is a modifier AFTER your account risk maximum %. %Equity Risk: Use the drop down to select what you want the value to be % equity. % Risk of Equity (Dynamic) or Fixed Price (e.g. 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).Ĭhoose your preferred style. You can see why this is here in the technical breakdown section below. when you click a Symbol and it loads, this is the share total). This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask)ĭefault Shares. This is the offset you use when you send the price for order, e.g.
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) You can always risk lower (more on that later). This is the maximum percent of equity you're willing to risk on every trade (default is 1%). It needs to match what is configured in DAS for proper calculations. On "Setup & Instructions" configure your settings.Īccount Leverage (default for DAS is 4), this is the margin your broker gives you.
#Default spector pro hotkey zip file#
NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do.Ĭhoose: Download the ZIP file and unzip to where you want. If you don't use the physical stop, you don't have to worry about it. Requires DAS version 5.2.0.34 or above (current BETA branch as of ) for the physical stop portion to work. ^^ Recommend latest DAS version of 5.4.3.0. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those. 100% is the A-Plus setups I see, those I have HIGH confidence in. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. You'd use this to calculate your share total based on what you're willing to risk.
$25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of. The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors:ī - Shares at Risk Parameter (e.g. It's a hotkey command script that can be used to dynamically alter the share total based on: It's based on the work started by here: . 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. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly. Finally out of the alpha stage and releasing this to the community, I've been using it with success.
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