- specific entry use cases using terminal
- hotkeys to enter at limit most of the time
- account switching
- cli commands I like to use
- my hotkeys at the end of thread
my setup
I use insilico alongside my exo desktop as a side panel for my execution.
Then once ive seen the reaction I may want to see within exo, I'm able to pull the trigger as quickly as possible using some optimisation with my Insilico setup and with the use of hotkeys
thoughts
seeing a reaction then being able to execute as if I was executing at market but instead being able to get in at limit was my aim.
sounds impossible, but with patience, hotkeys and stats I found it possible.
hotkeys
- scale buy/sell within a small range (mine is 0.01%-0.08%) from current price and placing limits within that small range using a hotkey.
- chase buy/sell for a distance of X% to be able to get into a move that Is being pushed up/down aggressively by one side.
MAE
For the past 380+ trades, my MAE on my winners has always been at the minimum of 0.1% meaning I never truly time the $ high or low.
It makes sense to take advantage of entering at limit using the scale function with a hotkey since I'm always offside at some point by 0.1%.
hotkeys (2)
- chase cancel (cancels my chase order if left running)
- cancel all orders
These are just a few but within my system, they are the most important that I am using most frequently.
CLI commands I like
"pstop at (price or % away from price)" positions links a stop in place to place a stop loss for your current position.
"chase close (% of position)" closes a % of my current position quickly If I feel it's likely for price to turn around
DOM
I've also configured some hotkeys to be able to trade via the DOM within Insilico.
the lots function with the multiplier in my opinion allows for more accurate and quicker position sizing if needed.
account switching
switching hotkeys between accounts, for quick access to a multi-account layout.
simply shift+click anywhere within the header section for the panel with the account to enable your hotkeys for that account
Using the hotkeys I've discussed
head over to the menu bar to visit the hotkey and variable center where you can edit the default settings I have set for you.
to RECEIVE the keybinds - follow me, like and reply to the 1st post of this thread.
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- the last up/sideways movement before an illiquid down move
- the last down/sideways movement before an illiquid up move.
illiquid typically can just mean a strong one time-framing move where there are no pullbacks.
example ↓
how orderblocks work (theory):
orderblocks are where there has been a clear sign of significant previous market activity, meaning a revisitation of this area could act as a stop gap.
for example:
the last down move before a significant up move is being revisited.
there are multiple reasons for price to react from this:
- offside shorts from this zone → closing positions at breakeven
- any new longs who entered here → defending their existing position
these zones are primed with liquidity (thicker books), allowing for larger players coming into the market to increase the chance they get orders filled.
when new positions enter and are placed in an offside position, they will naturally want to close, squeezing the market in the opposite direction.
this natural outburst of breakout traders being caught offside can be a great reason to look for a reversal.
example ↓
identifying trapped traders:
requires an understanding of open interest and delta, as open interest will categorically tell you if the majority of positions entering are new ones.
open interest increasing = new positions
open interest decreasing = positions closing
positive delta = longs
negative delta = shorts
breakout traders only appear when there's an increase in open interest; otherwise, most positions you see will be closing.
1) identify the candle in which new positions have largely entered 2) identify a level in which those new positions would be offside 3) trade in the direction of the new positions unwinding
engulfing candles - I look for a candle to wick below the previous candle and close at least beyond the 50% mark the previous candle (bullish engulfing).
I find this to be as effective as waiting for the entire previous candle to be engulfed.
the following day will be biased towards the direction of the previous day engulfing candle.
shooting star - my favourite daily formation, these often result in better entries to much larger moves, failure to extend above/below previous day and end up mean reverting.
example ↓
one time-framing:
the most basic thing I always check for - an aggressively trending move.
daily timeframe, for a bullish example - is the daily candle printing 3 or more consecutive daily highs in a row whilst not wicking below previous day.
yes = I will only follow that direction for the remainder of the day should i take any trades.
no = move to next step
Its a simple and effective way to not get caught offside against an aggressively trending market.