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Date/Time: Thu, 02 May 2024 00:14:30 +0000

Post From: Where does a Triggered Limit Entry Order reside?

[2018-02-02 02:38:25] Link To Thread - Link To Post [Go To First Post]
patrader - Posts: 92
I confirm everything is working - AWESOME. Thank you! I would say "goodbye" to the 'study' at this point (superfluous). I think right clicking in the column to the left of the buy column in a Trade DOM is fine to keep as the place for a Triggered Limit Order. It empowers the ultimate in flexibility. A trader can choose on the fly between wanting to use an exchange held stop-limit order or a Triggered Limit order. With each order type having it's own pre-set offset value, customized per symbol. Even though I don't use the manual option of setting the offset on a Triggered Limit Entry I can see how chart pattern traders might like it. To me, this new entry order type is a SIGNIFICANT feature benefit of Sierra Chart. When looking to buy or sell a breakout, having an auto feature to try and get an 'extra tick' on a fill is a real money issue. NT 7, from where I come, has a Stop-Limit negative offset option for order entry but taking that option eliminates the option of using a regular stop-limit. The flexibility of Sierra Chart's new Triggered Limit Order means traders have both options at their one-click fingertips. Super!