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Never Risk Too Much on a Trade Again in DAS Trader Pro



The script(s) featured in this episode are provided below for educational and reference purposes. Trading stocks, options, futures, and other financial instruments involves substantial risk of loss and is not suitable for all investors. You may lose some or all of your invested capital. Always review and thoroughly test any code in a simulator before using it in a live trading environment.

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OBJECT_INIT_STOP
(NEW)
(This script was introduced in this episode)

//OBJECT_INIT_STOP
$TRADE.STOP = newUserObj();
$TRADE.STOP.FLEX_LEVEL = 0.20;
$TRADE.STOP.TRIGGER = 0;
$TRADE.STOP.STATIC_LEVEL = 0;
$TRADE.STOP.VALUE = 0;
$TRADE.STOP.LAST_VALUE = 0;
$TRADE.STOP.OFFSET = 0.10;
$TRADE.STOP.MAX_DOLLAR_RISK = 50;

OBJECT_INIT_TRADE
This script is from a previous episode. Changes have been marked in the file so you can follow what was adjusted in this episode.

//OBJECT_INIT_TRADE
if (GetVar("$TRADE")==0) $TRADE=0;//+ ADDED/ADJUSTED THIS LINE
if (!IsObj($TRADE)) $TRADE = newUserObj();
$TRADE.DAILYEMA200 = 0;
$TRADE.DAILYEMA200_LAST = 0;
$TRADE.DAILYSMA200 = 0;
$TRADE.DAILYSMA200_LAST = 0;
$TRADE.TIME_ON_TICKER = 0;
$TRADE.CHART_LAST_SYMB = "";
$TRADE.LAST_PL = 1234;
$TRADE.LAST_SHARES = 0;
$TRADE.LAST_GAIN_LOSS = 0;
$TRADE.LAST_AVERAGE = 0;
$TRADE.LAST_PER_SHARE = 0;
$TRADE.BUY_AT_TARGET = 0;
$TRADE.BUY_SPREAD = 0.10;
$TRADE.ALLOW_AVERAGE_DOWN = 0;


ExecHotkey("OBJECT_INIT_TRACKING");
ExecHotkey("OBJECT_INIT_STOP");//+ ADDED THIS LINE

OBJECT_LOAD_TIME
This script is from a previous episode. Changes have been marked in the file so you can follow what was adjusted in this episode.

//OBJECT_LOAD_TIME
if (GetVar("$TIME")==0) $TIME=0;
if (!IsObj($TIME)) $TIME = newUserObj();

$TIME.SECONDS = GetSecond();
$TIME.TIME_MINUTES_SECONDS = $TIME.SECONDS / 60;
$TIME.TIME_MINUTES = Round($TIME.TIME_MINUTES_SECONDS,0);
$TIME.ONLY_SECONDS = $TIME.SECONDS - (($TIME.TIME_MINUTES - 1) * 60);
$TIME.TIME_HOURS=$TIME.SECONDS/3600;
if ($TIME.TIME_HOURS > 9.5 && $TIME.TIME_HOURS < 16) {
    $TIME.REGULAR_HOURS=1;
} else {
    $TIME.REGULAR_HOURS=0;
}

//+ ADDED THE FOLLOWING LINES 
//Bar Objects
$bar0 = $chart_1m.GetBar(0);
$bar1 = $chart_1m.GetBar(-1);
$bar2 = $chart_1m.GetBar(-2);
$bar3 = $chart_1m.GetBar(-3);
$bar4 = $chart_1m.GetBar(-4);
$bar5 = $chart_1m.GetBar(-5);
$bar6 = $chart_1m.GetBar(-6);
$bar7 = $chart_1m.GetBar(-7);
$bar8 = $chart_1m.GetBar(-8);

$TIME.DATETIME_BAR0=SubString($bar0.Time, 0, 4) + "/" + SubString($bar0.Time, 4, 6) + "/" + SubString($bar0.Time, 6, 8) + " " + SubString($bar0.Time, 9, 19);
$TIME.DATETIME_BAR1=SubString($bar1.Time, 0, 4) + "/" + SubString($bar1.Time, 4, 6) + "/" + SubString($bar1.Time, 6, 8) + " " + SubString($bar1.Time, 9, 19);
$TIME.DATETIME_BAR2=SubString($bar2.Time, 0, 4) + "/" + SubString($bar2.Time, 4, 6) + "/" + SubString($bar2.Time, 6, 8) + " " + SubString($bar2.Time, 9, 19);
$TIME.DATETIME_BAR3=SubString($bar3.Time, 0, 4) + "/" + SubString($bar3.Time, 4, 6) + "/" + SubString($bar3.Time, 6, 8) + " " + SubString($bar3.Time, 9, 19);
$TIME.DATETIME_BAR4=SubString($bar4.Time, 0, 4) + "/" + SubString($bar4.Time, 4, 6) + "/" + SubString($bar4.Time, 6, 8) + " " + SubString($bar4.Time, 9, 19);
$TIME.DATETIME_BAR5=SubString($bar5.Time, 0, 4) + "/" + SubString($bar5.Time, 4, 6) + "/" + SubString($bar5.Time, 6, 8) + " " + SubString($bar5.Time, 9, 19);
$TIME.DATETIME_BAR6=SubString($bar6.Time, 0, 4) + "/" + SubString($bar6.Time, 4, 6) + "/" + SubString($bar6.Time, 6, 8) + " " + SubString($bar6.Time, 9, 19);
$TIME.DATETIME_BAR7=SubString($bar7.Time, 0, 4) + "/" + SubString($bar7.Time, 4, 6) + "/" + SubString($bar7.Time, 6, 8) + " " + SubString($bar7.Time, 9, 19);
$TIME.DATETIME_BAR8=SubString($bar8.Time, 0, 4) + "/" + SubString($bar8.Time, 4, 6) + "/" + SubString($bar8.Time, 6, 8) + " " + SubString($bar8.Time, 9, 19);

CHART_TIMER_DRAW_STOP
(NEW)
(This script was introduced in this episode)

//CHART_TIMER_DRAW_STOP
if ($TRADE.STOP.FLEX_LEVEL > 0 || $TRADE.STOP.STATIC_LEVEL > 0){
    if ($TRADE.STOP.LAST_VALUE != $TRADE.STOP.VALUE || $TRADE.STOP.LAST_VALUE == 0 || $TRADE.STOP.FLEX_LEVEL > 0  ){
        if ($montage_window.POS == 0){
            //not in a trade (BID or ASK up to you / spread)
            $TRADE.STOP.VALUE = $montage_window.BID - $TRADE.STOP.FLEX_LEVEL;
        } else {
            //in a trade
            $TRADE.STOP.VALUE = $montage_window.AVGCost - $TRADE.STOP.FLEX_LEVEL;
        }

        if ($TRADE.STOP.STATIC_LEVEL > 0){
            $TRADE.STOP.VALUE = $TRADE.STOP.STATIC_LEVEL;
        } 

        if (IsObj($chart_1m.GetTrendline("StopText"))){
            $chart_1m.GetTrendline("StopText").Delete();
        }
        if (IsObj($chart_1m.GetTrendline("StopLine"))){
            $chart_1m.GetTrendline("StopLine").Delete();
        }

        //RISK TEXT FROM SHARES DASHBOARD BUTTON
        $shares_to_buy = Round($DASHBOARD.getCustButObj("SHARES").Text,0);
        if ($montage_window.POS == 0){
            $risk_value = Round((($montage_window.ASK - $TRADE.STOP.VALUE)*$shares_to_buy),2);
        } else {
            $risk_value = Round((($montage_window.AVGCost - $TRADE.STOP.VALUE)*$shares_to_buy),2);
        }
        $risk_text = $shares_to_buy + " Shares ($-" + $risk_value + ")";

        $chart_1m.CreateTrendline("HorizLine, Price=" + $TRADE.STOP.VALUE + ", Name=StopLine, LineStyle=DashDotLine, LineWidth=5, Color=#FF0000, LabelTextColor=#000000, LabelBGColor=#FF0000");

        $chart_1m.ConfigTrendLine Text DashLine:0,0,0:1:255,0,0:255,255,255;
        $chart_1m.CreateTrendline("Text, Price=" + $TRADE.STOP.VALUE + ", Price1=" + ($TRADE.STOP.VALUE) + ", Time=" + $TIME.DATETIME_BAR0 + ",  Time1=" + $TIME.DATETIME_BAR8 + ", Transparency=-162, Fill=1, Name=StopText, LineStyle=2, LineColor=#FF0000, LineWidth=1, Text=" + $risk_text);

        
    }
} else {
    //delete line if no stop set
    if (IsObj($chart_1m.GetTrendline("StopText"))){
        $chart_1m.GetTrendline("StopText").Delete();
    }
    if (IsObj($chart_1m.GetTrendline("StopLine"))){
        $chart_1m.GetTrendline("StopLine").Delete();
    }
    $TRADE.STOP.VALUE = 0;
}
if ($TRADE.STOP.LAST_VALUE != $TRADE.STOP.VALUE){
    ExecHotkey("SELL_STOP");
}

if (IsObj($DASHBOARD.getCustButObj("StopPrice"))){
    $DASHBOARD.getCustButObj("StopPrice").Text = $TRADE.STOP.VALUE;
}

$TRADE.STOP.LAST_VALUE = $TRADE.STOP.VALUE;

TIMER_PL_UPDATE
This script is from a previous episode. Changes have been marked in the file so you can follow what was adjusted in this episode.

//TIMER_PL_UPDATE
$ACCOUNT=GetAccountObj($ACCOUNT_NUMBER);

ExecHotkey("CHART_TIMER_DRAW_STOP");//+ ADDED THIS LINE 
ExecHotkey("TRACK_TRADES_ACTIVE");

//+ ADDED THE FOLLOWING 7 LINES
if ($TRADE.STOP.TRIGGER > 0 && $montage_window.POS > 0){
    //wait 2 seconds to trigger stop
    if ($TRADE.STOP.TRIGGER > 2){
        ExecHotkey("SELL_STOP");
    }
    $TRADE.STOP.TRIGGER = $TRADE.STOP.TRIGGER + 1;
}


//calculate profit or loss on last trade
if ($ACCOUNT.Realized != $TRADE.LAST_PL && $TRADE.LAST_PL != 1234){
	$TRADE.LAST_GAIN_LOSS = $ACCOUNT.Realized - $TRADE.LAST_PL;
	$TRADE.LAST_PER_SHARE = 0;
	if ($TRADE.LAST_SHARES > 0){
		$TRADE.LAST_PER_SHARE = Round(($TRADE.LAST_GAIN_LOSS / $TRADE.LAST_SHARES), 2);
		MsgLog("Per Share: " + $TRADE.LAST_PER_SHARE);
	}

	if ($ACCOUNT.Realized < $TRADE.LAST_PL){
		//LOSS
      	    $tmp_var_name = "$loss" + $chart_1m.SYMBOL;
            if (GetVar($tmp_var_name)==0) SetVar($tmp_var_name, 0);

            $this_symbol_loss = GetVar($tmp_var_name);
            $this_symbol_loss = $this_symbol_loss + 1;
            SetVar($tmp_var_name, $this_symbol_loss);
            if ($this_symbol_loss > 2){
		        Speak($this_symbol_loss + " Losses " + $chart_1m.SYMBOL);
            }

	} else {
		//GAIN

	}

    ExecHotkey("TRACK_TRADES_LAST");
 
}


//Update PL
$TRADE.LAST_PL = $ACCOUNT.Realized;
if (IsObj($montage_window)){
	$TRADE.LAST_AVERAGE = $montage_window.AVGCost;
	$TRADE.LAST_SHARES = $montage_window.POS;
}

//detect current stock losses and block if 3
$tmp_var_name = "$loss" + $chart_1m.SYMBOL;
if (GetVar($tmp_var_name)==0) SetVar($tmp_var_name, 0);
$this_symbol_loss = GetVar($tmp_var_name);
if (IsObj($DASHBOARD.getCustButObj("STOCK_BLOCKED"))){
	if ($this_symbol_loss > 2){
		$DASHBOARD.getCustButObj("STOCK_BLOCKED").Text = "BLOCKED";
		$DASHBOARD.getCustButObj("STOCK_BLOCKED").BkColor = Color("Red");
	} else {
		$DASHBOARD.getCustButObj("STOCK_BLOCKED").Text = "";
		$DASHBOARD.getCustButObj("STOCK_BLOCKED").BkColor = Color("Gray");
	}
}

SELL_STOP
(NEW)
(This script was introduced in this episode)

//SELL_STOP

if ($montage_window.POS > 0){
    
    $montage_window.CXL ALLSYMB SELL;

    $montage_window.TradeWndStyle=Stop;
    $montage_window.SYMBOL=$chart_1m.SYMBOL;
    $montage_window.Route="STOP";

    if ($TIME.REGULAR_HOURS == 1){
        //REGULAR HOURS
        $montage_window.StopType="Market";
    } else {
        //PRE MARKET
        $montage_window.StopType="LimitP";
    }

    $montage_window.Price=Round($TRADE.STOP.VALUE, 2) - $TRADE.STOP.OFFSET;
    $montage_window.StopPrice=Round($TRADE.STOP.VALUE, 2);
    $montage_window.ACCOUNT=$ACCOUNT_NUMBER;

    $montage_window.SShare=$montage_window.POS;
    $montage_window.Share=$montage_window.SShare;
    $montage_window.TIF=DAY+;
    $montage_window.SELL=SEND;

}

$TRADE.STOP.TRIGGER = 0;
$TRADE.STOP.LAST_VALUE = 0;

STOP_05_ADD
(NEW)
(This script was introduced in this episode)

//STOP_05_ADD

if ($TRADE.STOP.STATIC_LEVEL > 0){
    //if static level set - maintain level
    if ($montage_window.POS > 0){
        $TRADE.STOP.FLEX_LEVEL = $montage_window.AVGCost - $TRADE.STOP.STATIC_LEVEL;
    } else {
        $TRADE.STOP.FLEX_LEVEL = $montage_window.ASK - $TRADE.STOP.STATIC_LEVEL;
    }
}

//set floating stop
$TRADE.STOP.FLEX_LEVEL = $TRADE.STOP.FLEX_LEVEL + 0.05;

//clear static stop
$TRADE.STOP.STATIC_LEVEL = 0;
$TRADE.STOP.LAST_VALUE = 0;

STOP_05_SUBTRACT
(NEW)
(This script was introduced in this episode)

//STOP_05_SUBTRACT

if ($TRADE.STOP.STATIC_LEVEL > 0){
    //if static level set - maintain level
    if ($montage_window.POS > 0){
        $TRADE.STOP.FLEX_LEVEL = $montage_window.AVGCost - $TRADE.STOP.STATIC_LEVEL;
    } else {
        $TRADE.STOP.FLEX_LEVEL = $montage_window.ASK - $TRADE.STOP.STATIC_LEVEL;
    }
}

//set floating stop
$TRADE.STOP.FLEX_LEVEL = $TRADE.STOP.FLEX_LEVEL - 0.05;

//catch negative
if ($TRADE.STOP.FLEX_LEVEL < 0){
    $TRADE.STOP.FLEX_LEVEL = 0;
}

//clear static stop
$TRADE.STOP.STATIC_LEVEL = 0;
$TRADE.STOP.LAST_VALUE = 0;

STOP_BAR0
(NEW)
(This script was introduced in this episode)

//STOP_BAR0

//set static stop
$TRADE.STOP.STATIC_LEVEL = $bar0.Lo;
$TRADE.STOP.LAST_VALUE = 0;

STOP_BAR1
(NEW)
(This script was introduced in this episode)

//STOP_BAR1

//set static stop
$TRADE.STOP.STATIC_LEVEL = $bar1.Lo;
$TRADE.STOP.LAST_VALUE = 0;

STOP_BAR2
(NEW)
(This script was introduced in this episode)

//STOP_BAR2

//set static stop
$TRADE.STOP.STATIC_LEVEL = $bar2.Lo;
$TRADE.STOP.LAST_VALUE = 0;

CHART_UPDATE
This script is from a previous episode. Changes have been marked in the file so you can follow what was adjusted in this episode.

//CHART_UPDATE (runs every time chart object updates data)

if ($TRADE.CHART_LAST_SYMB != $chart_1m.SYMBOL){
    $TRADE.CHART_LAST_SYMB = $chart_1m.SYMBOL;
    $TRADE.TIME_ON_TICKER = 0;
    $TRADE.DAILYSMA200 = 0;
    $TRADE.DAILYEMA200 = 0;
    MsgLog("Changed Ticker: " + $chart_1m.SYMBOL);
    ExecHotkey("DETECT_STOCK_COUNTRY");
    $TRADE.BUY_AT_TARGET = 0;
    ExecHotkey("OBJECT_INIT_STOP");//+ ADDED THIS LINE 
}
$TRADE.TIME_ON_TICKER = $TRADE.TIME_ON_TICKER + 1;

BUY_ASK
This script is from a previous episode. Changes have been marked in the file so you can follow what was adjusted in this episode.

//BUY_ASK

$shares_to_buy = Round($DASHBOARD.getCustButObj("SHARES").Text,0);

//+ ADDED THE FOLLOWING 11 LINES
if ($TRADE.STOP.STATIC_LEVEL != 0){
    if ($shares_to_buy > ($TRADE.STOP.MAX_DOLLAR_RISK / ($montage_window.BID - $TRADE.STOP.STATIC_LEVEL))){
        //reduce share size
        $shares_to_buy = Round(($TRADE.STOP.MAX_DOLLAR_RISK / ($montage_window.BID - $TRADE.STOP.STATIC_LEVEL)),0);
    }
} else if ($TRADE.STOP.FLEX_LEVEL != 0){
    if ($shares_to_buy > ($TRADE.STOP.MAX_DOLLAR_RISK / $TRADE.STOP.FLEX_LEVEL)){
        //reduce share size
        $shares_to_buy = Round(($TRADE.STOP.MAX_DOLLAR_RISK / $TRADE.STOP.FLEX_LEVEL),0);
    }
}

$montage_window.Share=$shares_to_buy;
if ($TRADE.BUY_AT_TARGET > 0){
    if ($TRADE.BUY_AT_TARGET >= $montage_window.ASK){
        $montage_window.Price=$TRADE.BUY_AT_TARGET + $TRADE.BUY_SPREAD;
    } else {
        $montage_window.Price=$TRADE.BUY_AT_TARGET;
    }
    
    $montage_window.StopPrice=$TRADE.BUY_AT_TARGET;
    $montage_window.Route="STOP";
    if ($TIME.REGULAR_HOURS == 1){
        $montage_window.StopType="Limit";
    } else {
        $montage_window.StopType="LimitP";
    }
} else {
    $montage_window.Route="Limit";
    $montage_window.Price=$montage_window.ASK;
}
$montage_window.ACCOUNT=$ACCOUNT_NUMBER;
$montage_window.TIF=DAY+;
$montage_window.BUY=SEND;
$TRADE.BUY_AT_TARGET = 0;
$TRADE.STOP.TRIGGER = 1;//+ ADDED THIS LINE

TIMER
This script is from a previous episode. Changes have been marked in the file so you can follow what was adjusted in this episode.

//TIMER
ExecHotkey("OBJECT_LOAD_TIME");
if ($TRADE.TIME_ON_TICKER > 2 && $TRADE.DAILYEMA200 == 0){
    //EMA200 comes from daily chart
    ExecHotkey("EMA200");
}
//- REMOVED THE FOLLOWING LINE
//$bar0 = $chart_1m.GetBar(0);
ExecHotkey("ANALYZE_MACD");
ExecHotkey("DASHBOARD");
ExecHotkey("TIMER_PL_UPDATE");
ExecHotkey("TIMER_BUY_TARGET");
ExecHotkey("CHART_TIMER_DRAW_BUY_TARGET");


Disclaimer: This is an independent project and is not affiliated with or endorsed by DASTrader.com.

The tool is currently under development and intended for educational and experimental purposes only, including improving the experience of working with DAS hotkey scripting (e.g., code validation, highlighting, and structure).

It does not execute trades, provide trading signals, or offer financial advice. Any scripts created or used with DAS Trader remain the sole responsibility of the user.

Trading involves significant risk. You are fully responsible for verifying all scripts, commands, and behavior before using them in a live trading environment.

This tool is provided “as-is” with no guarantees of accuracy, completeness, or reliability. Use at your own risk. Always test thoroughly in a simulator before live trading.


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DISCLAIMER

Episode: Never Risk Too Much on a Trade Again in DAS Trader Pro

The DAS Trader Pro scripts, code examples, tools, and information provided on this website are offered solely for educational and informational purposes. Nothing on this website constitutes financial, investment, legal, tax, or trading advice.

Trading stocks, options, futures, and other financial instruments involves substantial risk of loss and is not suitable for all investors. You may lose some or all of your invested capital.

No representation or warranty is made regarding the accuracy, completeness, reliability, profitability, or suitability of any script, strategy, indicator, automation, workflow, or method presented on this website.

Execution behavior may vary based on broker, routing, market data, platform configuration, DAS Trader Pro version, account settings, market conditions, and other factors beyond the control of DayTradeCoder.

Past performance, examples, demonstrations, screenshots, or historical results are not indicative of future results and should not be relied upon as a guarantee of performance.

You are solely responsible for reviewing, understanding, testing, validating, and monitoring all code before use. All scripts should be thoroughly tested in a simulator or paper-trading environment prior to any live trading activity.

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