Support Board
Date/Time: Wed, 30 Apr 2025 14:52:55 +0000
Post From: SC Automatically Adjust Trade Target/Stop Parameters Before Trade Is Entered?
| [2025-04-08 06:55:19] |
| absorrel4 - Posts: 100 |
|
I currently scalp using very short term charts (e.g., 10 second candles). I use the Trade Window with attached orders to set my target and stop parameters. My target is typically the Average True Range (14 period)...which is constantly changing. So, I constantly am going to the Trade Window and selecting a saved order via the drop down menu within the Trade Window...the saved order has preset target and stop levels based upon the current Average True Range. For example, if ATR is 36 ticks, I select a pre-saved order which has a target of 36 ticks and a 18 tick stop....if the ATR changes to 40...then I must go to the Trade Window and select a pre-saved order which has a target of 40 ticks and a 20 tick stop...etc....etc. Obviously, I am going to the Trade Window constantly to select a pre-saved order which matches the current ATR. This is cumbersome and time consuming when the market is volatile. Is there a way to have SC monitor what the ATR is (at any given moment) and automatically set the trade parameters to match whatever the ATR is? So, if I enter a trade to go long or short from the chart, SC will automatically set the trade target to match whatever the ATR is (and set a corresponding stop as an attached order)? This would eliminate me from having to constantly go into the Trade Order Window and manually selecting a different pre-saved order. SC will automatically do this for me and all I need to do is enter my trade from within the chart to go long or short and SC will create a target/limit order and an attached stop order with the parameters based on whatever the ATR is at any given time. Can this be set up in SC? |