Support Board

Date/Time: Tue, 07 May 2024 06:46:52 +0000

Post From: Limit Touch Chase triggering before the touch

[2019-06-20 02:25:21] Link To Thread - Link To Post [Go To First Post]
Yoda - Posts: 106
I would like to enter a trade short and allow SC to chase it down for 50 cents once price breaks to a new low. For example, a stock is trading at $101. I want to short the stock only once price moves down to $100 and then allow the system to chase it down to $99.50. I've tried using Limit Touch Chase, but the order fills immediately at $101 even with a limit price set at 100. I realize that SC thinks it is getting me a "better" price, but I don't want it to trigger until it breaks the $100 level. I have the same issue with SC not waiting until price touches the limit/trigger area with Limit if Touched and Market if Touched. Interestingly, Market if Touched-Client and Limit if Touched-Client both work perfectly (i.e. I can place as sell order at $100 and I'm not automatically filled). However, I would like a chase factor and I don't want to use client side orders. I have this issue using the SC Trade Window and also in ACSIL. I'm using v 1936 and working in the SC Trade Simulation Mode. Any ideas why Limit Touch Chase, Limit if Touched and Market if Touched are not working the same as Market if Touched-Client and Limit if Touched-Client? And more importantly, how can I get Limit Touch Chase, Limit if Touched and Market if Touched to wait until the limit/trigger price is hit before trying to fill the order?