DAS Trader Pro Advanced hotkeys part 49

Universal exit position hotkey

Over the years I have tuned up the exit hotkey several times and this is the last version I use as of today. It is similar to the previously used getout hotkey. Here are some of the properties of the hotkey

• single hotkey for both long and short

• detects sub dollar price and does the rounding automatically

• is a limit order

• does not require a chart window

• uses advanced syntax and addresses specific montage window so can be called from anywhere

• uses 2% limit offset of the current price to exit the position (tunable)

Requirements

It requires naming the montage window as “MONTAGE1”

The EXIT hotkey

$montage=getwindowobj("Montage1");
$MYPOS=GetAccountObj($montage.account).getposition($MONTAGE.Symbol).share;
if ($MYPOS==0)
{
MsgBox("No position to close");
}
else
{
$MONTAGE.CXL ALLSYMB;
if ($MYPOS>0)
{
$Montage.price=$montage.last*0.98;
}
else
{
$Montage.price=$montage.last*1.02;
}
if ($MONTAGE.price>=1)
{
$MONTAGE.Price=Round($Montage.price,2);
}
else
{
$MONTAGE.Price=Round($Montage.price,4);
}
//set your exit route
$MONTAGE.ROUTE="LIMIT";
$MONTAGE.Share=$MONTAGE.POS;
$MONTAGE.Send=Reverse;
}

Set your exit route according to your preference or need.

If there is no position opened for the symbol, it will pop up a message

This can be skipped if not needed, but it helps to show that you probably have made a mistake in the symbol selection on your montage.

The Limits

There could be situations when the broker denies your limit order because it is “too far” from the current price especially when trading penny stocks, so tune the price offsets according to your needs.