Support Board
Date/Time: Sat, 10 May 2025 11:04:48 +0000
Option rollover
View Count: 1815
| [2015-10-07 18:53:33] |
| User713273 - Posts: 409 |
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When using options in a intraday trading straegy, once I have the quote symbol changed to AAPL-OPT-20151009-110-C-SMART-100-USD. Im curious to how the contract will then rollover to another stike price or even a P trade scenario in an intraday process. Thanks for all the help! |
| [2015-10-07 19:12:38] |
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It will not. You must do this manually.
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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-10-07 19:20:47] |
| User713273 - Posts: 409 |
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So full automation cannot be achieved as the quote symbol will have to reload in 2 speific areas C/P and Strike?
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| [2015-10-07 19:55:10] |
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Actually, we think we understand what you are asking about. It is possible using ACSIL to programmatically to change the Trade and Current Quote symbol: sc.TradeAndCurrentQuoteSymbol So an automated trading system will have to update the option symbol to the appropriate symbol you want to trade. This is not easy but it can be done. So therefore, you will need to use the ACSIL Trading functions and not spreadsheets for automated trading. Refer to: https://www.sierrachart.com/index.php?page=doc/doc_ACSILTrading.html 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-10-08 17:12:17
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| [2015-10-08 15:07:31] |
| User713273 - Posts: 409 |
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I am trading options and would like buy calls and put depending on my Buy and Sell signal. Is there a way to achieve pulling two option pricing at the same time and link them to buy and sell signals?
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| [2015-10-08 17:11:18] |
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You will need to use 2 separate charts and trading systems for this. Or use what we describe in post #4. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-10-09 15:30:12] |
| User713273 - Posts: 409 |
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So lets say AAPL has a daya in which it ranges in price from 107.00 - 115.00. Would we then need 16 sheets to subscribed to the ITM option call/put? And would that put us in a likely condition that SC crashes or has functionality issues?
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| [2015-10-10 08:10:17] |
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You really should use ACSIL and control the symbol to be traded that way. Otherwise, you would need to multiple Spreadsheet Sheets. As long as the Chart Update Interval is not too low, we do not expect there to be any functionality problems with this. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-10-16 01:30:44] |
| User713273 - Posts: 409 |
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Some quick ?s pertaining to the above. When using ACSIL and programmatically changing the Trade and Current Quote symbol: sc.TradeAndCurrentQuoteSymbol to AAPL-OPT-20151016-110-C-SMART-100-USD, for instance. Would I do this only before I place an order for an option contract or do I call this every second to get the quote for the option? And is so will this result in a pacing violation with TWS? Can I have two options symbol qoutes happening at the same time? Im just need some understanding of this methodology. thx again. |
| [2015-10-16 16:51:35] |
| User713273 - Posts: 409 |
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In regards to the above questions, I wanted to gain some clarity around the concept of "calling" for symbols and how to automatically rollover said symbols in realtionship with the adjacent share price. If we are calling on these symbols ever second wont that in turn cause a pacing violation? And is not can we call on multiple symbols and tie those in w/ buy/sell entries? Thanks again |
| [2015-10-16 17:57:02] |
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Would I do this only before I place an order for an option contract or do I call this every second to get the quote for the option?
You should do it frequently to get the current quote data for the option symbol if you need to rely on that.And is so will this result in a pacing violation with TWS?
No it will not.Can I have two options symbol qoutes happening at the same time?
No you cannot. You would need a separate chart for this.Also sometime in the next two weeks we will be adding new functions to ACSIL to support trading a symbol different than the symbol of the chart. This may help with what you want to do. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-10-16 17:59:06] |
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If we are calling on these symbols ever second wont that in turn cause a pacing violation?
No it will not because this will not cause an historical data request if you are only changing the Trade and Current Quote Symbol.And is not can we call on multiple symbols and tie those in w/ buy/sell entries?
You can only set one symbol at a time. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-10-16 18:24:21] |
| User713273 - Posts: 409 |
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Thx. Ya we are just looking to seamlessly transistion between option symbols via IB TWS as price fluctuates. Hopefully the update we be sooner rather than later. Thanks again for the support!
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| [2015-10-23 21:57:20] |
| User713273 - Posts: 409 |
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Hi-Does the new release support new functions to ACSIL to support trading a symbol different than the symbol of the chart? If not please let me know the release date. Thx again
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| [2015-10-25 22:56:01] |
| User713273 - Posts: 409 |
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Hi, I was looking at ACSIL functionality and had a few questions as I get more familiar with custom studies/automated trading related to options and changing symbol prices. 1) When trying to place a SCNewOrder - How do I set the symbol on SCNewOrder as I do not see a place to set this. Or does this get set by J40 everytime inside of BuyEntry. - How do I pull an option price since I want to set quantity of contracts to buy? Or can I set somewhere that I want to buy 1k of options? - When buying a Put or Call option do I use BuyEntry() for either case? Or do I use SellEntry for puts. 2)Are there any examples of options trading within for ACSIL? 3)Do the values set outside still take affect like only allowing one order per bar or do I need to check all those before placing a BuyEntry? Thank you for your time. I understand maybe some of these questions have been answered by the new functionality you are adding. |
| [2015-10-26 18:34:50] |
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Hi-Does the new release support new functions to ACSIL to support trading a symbol different than the symbol of the chart? If not please let me know the release date. Thx again
No, not yet. This capability should be out next week. - How do I set the symbol on SCNewOrder as I do not see a place to set this. Or does this get set by J40 everytime inside of BuyEntry. - How do I pull an option price since I want to set quantity of contracts to buy? Or can I set somewhere that I want to buy 1k of options? - When buying a Put or Call option do I use BuyEntry() for either case? Or do I use SellEntry for puts.
What does common sense tell you about this? Please use common sense because there is not going to be anything illogical about this in Sierra Chart. A buy means buy and a sell means sell. 2. No. An option is just like any other symbol. 3. This is not clear for us, but the ACSIL Automated Trading and Automated Trade Management documentation applies. There is nothing unusual. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-10-26 18:37:48
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| [2015-10-29 17:11:29] |
| User713273 - Posts: 409 |
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Hello- Been roughly 2 weeks since the below statement was published, Im meeting with my engineer this Saturday, has there been much movement on SC's side in regards to adding functionality to Quote/Symbol? "Also sometime in the next two weeks we will be adding new functions to ACSIL to support trading a symbol different than the symbol of the chart. This may help with what you want to do." Im sorry for the hassle but we all have our own timelines and I cant implement my full strategy without this concept. If need be I can pay extra for the functionality to be streamlined into SC. Thx again for all the work! |
| [2015-10-29 19:31:30] |
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We expect to have this done by the end of this week, but it will need to be tested and will only work with non-simulated trading. Simulated trading support for this will take longer but probably a lot longer. But you can always test it using a Interactive Brokers paper trading account. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-10-29 20:30:18] |
| User713273 - Posts: 409 |
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Great to hear, please ping me when the release occurs. Again appreciate the work. |
| [2015-11-02 18:21:24] |
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Not yet. We still need a few more days. It is more involved than expected. And documentation will take longer.
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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-11-04 23:03:55] |
| User713273 - Posts: 409 |
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Just checking the status of the symbol/quote concept. Understand you are busy as I'm quite excited.
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| [2015-11-05 00:42:39] |
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We are working on this now and it is quite involved. It is not going to be released this week. Also if we did not make a clear, trading a symbol or an account different than the chart the ACSIL study is applied to will not have any of the automated trading logic applied. It will be completely unmanaged automated trading. So there will be no restriction on buy orders or sell orders. The only thing that will be supported will be a single Target or Stop which are optional. So if the above is not what you expected, then Sierra Chart will not support what you want. We need to make this very clear now before you put any reliance on what we are doing. We are nervous about your expectations because we do not think we can meet your needs based on all the questions you have been asking. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-11-05 00:46:17
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| [2015-11-05 01:55:40] |
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When we refer to Unmanaged Automated Trading this is explained here: https://www.sierrachart.com/index.php?page=doc/doc_AutoTradeManagment.php#UnmanagedAutomatedTrading We say what we did in the previous post, so you can consider what you want to do very carefully to make sure Sierra Chart will meet your needs. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-11-05 02:33:52] |
| User713273 - Posts: 409 |
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Yes I understand this. The only element that might restrict us would be AllowMultipleEntriesInSameDirection as we sometimes have multiple entries in a certain timeframe, although we could exclude these secondary entries using a formula weve created within our spreadsheet and void all TRUE entries within a specific timeframe. Im assuming all functions of automated trading management would also be voided, such as CancelAllOrdersOnEntriesAndReversals? As we sometimes have trades that run together and they would then need to be reversed. Just to clarify, we put forward a strategy that if AAPL is trading at 121.40 and we have a buy entry signal we would then purchase a 121 strike call contract or 121 strike put contract if a sell signal is produced. |
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