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Date/Time: Thu, 09 May 2024 20:03:35 +0000

Post From: Move to Breakeven Stop Issue

[2016-10-07 21:40:23] Link To Thread - Link To Post [Go To First Post]
rhovega - Posts: 279
Today 10/7 I experienced what I believe is Sierra Chart's faulty management of moving a stop to breakeven. Details are as follows: Before the NFP news release I placed on Sierra Chart a limit order to sell GC (Dec'16 contract) at 1265.0, with an attached profit target of 40 ticks, stop loss of 35 ticks, and a Move to Breakeven for Stop with Offset in Ticks Triggered, BE Level Offset 0 and Trigger Offset 30. Order was filled at 1265.0 at 08:30:01. Stop was filed at 1265.9 at 08:30:02. My broker registers an attached stop loss order, transmitted by Sierra Chart, of 1265.0 filled at 1265.9. If SC had worked properly, after the 1265.0 fill, price needs to have traded 1262.0 and then gone back up to at least 1265.9. Nonetheless, in between the 1265.0 fill and the 1265.9 fill, 1262.0 did not trade. According to Time Sales, the low price in between fills was 1262.3. Therefore the stop should not have been moved to 1265.0, and should have remained at 1268.5. 1268.5 never traded. After the 1265.0 fill, 1262.0 first traded at 08:30:22. Then 1261.0 traded at 08:30:30, before 1265.0 traded again. How is this possible?