![]() ![]() The most obvious benefit of hot keys is speed. Once you get acclimated through repetition, you will find them indispensible. Benefits of Hot KeysĪlthough they may seem extraneous at first, there many benefits of using hot keys. In order to be useful, hot keys should be easy to remember and used often to reinforce the habit. When there are too many hot keys, it’s easy to accidentally duplicate the same actions to different hot keys as well. Re-configuring the F5 key to a task on your trading platform could present conflicts that may cause malfunctions in both programs. For example, the F5 key may already be configured to refresh your screen in another program. Make sure you aren’t using a hot key that is already configured in another program. Consideration: Hot Key Conflicts and Overlaps The goal is to make your current strategy more efficient by automating common tasks. Set up as many as you need but don’t feel the need to overdo it. The user can also add additional hot keys or re-configure the default hot keys. Most basic hot key functions are set by default. Additionally, more advanced trading platforms will allow you to create your own series of actions to configure to your choice of hot keys. ![]() Depending on your broker, the list of actions can be very extensive. Users can edit/change the hot key to the action. Trading platforms have pre-set actions usually linked to default hot keys. The hot key is the key or combination of keys that trigger the action. The action is the task(s) that the user is trying to perform. There are two parts of a hot key set-up, the “action” and the hot key. You can choose between pre-made hot keys or custom scripts. Hot keys can be set up in the SpeedTrader PRO via Setup > Hot Keys. Most online trading/charting and especially direct access trading platforms provide hot key functionality. ![]() The extra seconds that are shed can result in better entry/exit prices, faster trade executions and less distraction. On a trading platform, the main benefit is speed, which leads to efficiency. Whereas it may take a few mouse clicks and/or additional inputs to perform the task, a hot key can be easily configured to complete the task with a single keystroke or combination keystroke. ROUTE=LIMIT Price=Bid-0.05 Share=BP*0.25 TIF=DAY+ HANDINST=ANY SSHARE=0 SELL=Send ROUTE=STOP StopType=Market StopPrice=last*1.01 Share=BP*0.25 TIF=DAY+ HANDINST=ANY BUY=SENDĪutohotkey is great, but in my opinion, if MT manages hotkeys internally, it will be more reliable, faster and flexible for growth.Hot keys are shortcuts that execute a pre-selected task or series of tasks at the press of a single or combination keystroke. ROUTE=LIMIT Price=Ask-0.5 Share=100 ACCOUNT=ACCTNUMBER TIF=DAY+ BUY=Send ![]() Sample hotkey scripts for Buy Limit Order: There is DAS trader Pro that caters to day traders and have simple order execution script language that traders love. Creating and moving Trailing/stop limit orders.Īs mentioned above, TWS allows saving preconfigured orders as hotkeys/hot buttons, which is great except TWS itself. Hot keys for trading are major time saver, most beneficial for day trading, but I see myself using to manage basket orders, multiple bracket orders and sending executions for multiple broker accounts quickly. Here's a feature request I posted some time ago, see if this can be incorporated For example if I'm focused on a level 2 window with AMD displayed, hitting ALT+Q will cancel any open AMD orders. Same letters used with SHIFT+, but the orders will be to the short side.ĪLT+Q - Cancels any open orders that match the symbol of the focused window. Sell Order (Sell position 2 cents below the BID, used to bailout of a position)ĬTRL+1,2,3,n to get into a position depending on the size I want Sell Order (Half Position Size, 2 cents below the ASK) - Position sizes are 100%, 50%, 25%.īuy Order (Buy 1,000 shares 2 cents above the ASK) Really excited to see this feature around the corner! My experience with hot keys and buttons has been with Lightspeed there are two components (1) saved orders and (2) mapping the saved orders to hot keys and/or buttons. ![]()
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