Support Board
Date/Time: Tue, 12 May 2026 17:56:39 +0000
Two Prices Mentioned on OCO
View Count: 140
| [2026-03-20 01:37:24] |
| Whiskers - Posts: 12 |
|
I placed a bracket OCO order to go long, but noticed that the lower part of the bracket (the stop loss order) has two prices mentioned. Attached is a screenshot. Why is this, what does this mean? I have selected within the OCO both a Type: Target: Limit... and a Type: Stop: Stop... so I'm a bit confused as to why it appears this way. I just want a Stop Loss Market order, not a StopLmt (that doesn't sound like a market stop loss). |
 Screenshot 2026-03-19 213056.png / V - Attached On 2026-03-20 01:33:04 UTC - Size: 2.57 KB - 31 views |
| [2026-03-20 01:48:28] |
| Whiskers - Posts: 12 |
|
Oh I think I've come across the correct documentation for this. This appears to be a safety protocol. Sound like the 'Market Stop Price' is set electronically, but the actually order exists 5 points away on the exchange as the 'Limit Stop', is that correct? Therefore it will TRY to execute at the market stop price IF it CAN, and therefore if sold at market price (that I want) it then removes the limit order accordingly. Am I thinking about this correctly?
|
| [2026-03-20 17:13:08] |
| Sierra_Chart Engineering - Posts: 23742 |
|
Refer to: Order Types: Stop Orders on the CME Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
To post a message in this thread, you need to log in with your Sierra Chart account: