DAS Trader Pro Advanced Hotkeys part 50
How to use the LimitP route for pre-market or after-market stops
For a few months now, there is a more native way of using stops in pre-market.
Ask your broker for the support of the LimitP stop type. It is officially supported by DAS and mentioned in their documentation as well.
It allows you to place a stop loss order in a more traditional way. No need to use the alerts or other methods I describe in the previous posts.
The new LimitP stop type
As the name suggest it is a Limit order working in Pre-market or Post-market. You need to request your broker to enable it for your account explicitly for now. After the broker enables the feature for you, a new stop type will appear in the drop-down menu.
You can use the LimitP stop type
for stop loss
for stop order entries
You can not use the LimitP stop type
for range OCO orders
for automatic trailing stops
The advantage to the other methods of extended hours stops is that you can close your DAS program as the order resides at DAS and will execute even if your PC is shut down.
How to use it for stop loss
If you use any of the entry hotkeys mentioned in this post
there is only slight change in the syntax for the attached stop order type.
The entry hotkey is regular until the last line. As the stop is a limit type it has to have a range for operation therefore it is showing two prices in its property or on the chart. Once it triggers at the trigger price the other price is the max price you are willing to exit on. I set it at 0.5% from current price in the examples below.
The SLP type means Stop LimitP type and the price parameters mean trigger price and maximum limit price. On the chart it looks like this.
In the following hotkeys, the requirement is to have the montage window named as “MONTAGE1”.
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