DAS Trader Pro Advanced Hotkeys part 25

Creative ways to use the built-in alerts for working stops

!!! The below solution does not work in version 5.8.0.4 due to a newly introduced bug, so make sure you use 5.8.0.3 or 5.8.0.6!!!

More powerful alerts

Since version 5.8.0.3 we can automate alerts creation that will take care of our pre-market stops with a single hotkey. This is even more powerful than the clicked stops I described in part 15 of these series.

DAS Trader advanced hotkeys part 15

The advantages of using these alerts rather than custom scripts are

• we do not need to program the check price logic and the conditions

• we can be working with our DAS and do not care about the stop, meaning we can look on different symbols while our stop will still be in place and working

• we can easily monitor various events without much programming skills

Disadvantages

• the visibility, the alerts are visible only on the Alerts & Trigger window

• we need to make sure we delete the created alerts, either automatically or manually

Requirements

I will just state the requirements as they are all described in the previous posts.

1. named montage object and the existing montage object variable

2. named exit position hotkeys

3. named variable MYATR

Better extended hours stops

Extended hours, means pre-market and post-market working stops (stop loss orders).

!!! Technically the orders are not at your broker, so the limit is that you need to keep your DAS Trader Pro on your PC running!!!

This applies to “click defined” stops only. For trailing stops, I believe that the method described in the part 15 post is just better.

We have been able to create alerts manually like this for some time already

We can use the newalertobj() function to make our lives easier.

How to do it