Support Board
Date/Time: Tue, 04 Nov 2025 09:39:52 +0000
[User Discussion] - Trade Management Question?
View Count: 680
| [2020-02-15 19:26:33] |
| User839162 - Posts: 87 |
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Can you tell me if this type of trade management can be automated within Sierra? I'm entering with 2 contracts. First target is 10 ticks. Second target is 20 ticks. Stop 1 and 2 are set at -10 ticks. After target 1 has been hit is it possible to trail stop 2 1:1 to target 2 without exceeding my initial max risk of -10 ticks? Example - I enter at 50(price). Target 1 is at 60(price). Target 2 is at 70(price). Stop 1 and 2 are at 40(price). Target 1 gets hit at 60(price). Price then moves to 65. In this scenario my stop 2 would then move to 60(price). My stop 2 is now 1:1 (5 ticks) in relation to my target 2. Date Time Of Last Edit: 2020-02-15 22:02:16
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| [2020-02-16 10:24:19] |
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Yes. You need to use Attached Orders: Attached Orders And Stop 2 needs to be a Triggered Trail Stop: Order Types: Triggered Trailing Stop 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 |
| [2020-02-17 01:05:39] |
| User839162 - Posts: 87 |
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I don't think this can achieve what I'm asking. I do not want to input a specific Trigger Offset. Let's say my 1st target has been hit. I want my Stop 2 to trail an equal distance to my 2nd Target based on current price. If I adjust my 2nd Target then my Stop 2 will also adjust (but never more than my max -10 of risk). Please look at the attached picture for reference. You can see after my 1st Target is hit my Stop 2 has moved down an equal distance(dashed red line) to my 2nd Target(dashed yellow line) based on price. |
 TM_explination.png / V - Attached On 2020-02-17 01:04:24 UTC - Size: 28.3 KB - 252 views Attachment Deleted. |
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