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Date/Time: Wed, 29 Jun 2022 17:08:08 +0000

Post From: Triggerred Stop Order

[2022-05-10 19:18:36]
DCSaba - Posts: 42
Dear Sierra,

I have been actively looking for this option and was very impressed to find it, but I think it doesn't do what you meant it to do:

Order Types: Triggered Stop

I thought the idea was to keep the Stop order form releasing until the First Target is reached.
But I have found thru many attempts that the Stop is already active, the moment I enter the Trade (like a normal OCO).

I understand of course your warning of the danger of letting Sierra hot my Stop (at least temporarily) locally, but there is just no good way in today's market this is one option.

Currently my solution was to Set a Stop (preliminarily) to be many points away and indeed that Stop will immediately jump to the Offset Position, once the first Target was reached, but I think you wanted to do this differently (ie withholding the Stop release to the Exchange until the condition is met).

I have tested it multtiple times in multiple scenarios, but the result was always that if PRice moved against me before reaching the Trigger, I got anyway stopped out immediately.

Please see attached the corresponding Setting.

THank you for your consideration.
imageTriggeredStop.png / V - Attached On 2022-05-10 19:17:01 UTC - Size: 14.19 KB - 37 views