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Date/Time: Wed, 30 Apr 2025 14:46:13 +0000



Post From: SC Automatically Adjust Trade Target/Stop Parameters Before Trade Is Entered?

[2025-04-08 14:42:49]
John - SC Support - Posts: 39565
There are a couple of options for ways to do this, but none of them involve directly having the Attached Orders set on the Trade Window.

The simplest option is to use the "Trade Management by Study" study. You would need two copies, one for the Target and one for the Stop. It requires that you setup two lines on your chart based on the ATR. Then you can have the "Trade Management by Study" move the Stop and Target to those preset values. You would then need to turn off the "Trade Management by Study" once the lines are set where you want (otherwise they would continue to move as the price does, so the Stop/Target would never get hit). Refer to the following:
Attached Orders: Study Controlled Targets and Stops

Another option would be to use the Spreadsheet System for Trading to setup your Stop and Target locations. The difficulty with this is that you cannot enter a trade from the chart - you would have to do it from the Spreadsheet itself by setting the Buy/Sell Entry cell to a non-zero value. Refer to the following:
Spreadsheet Systems, Alerts and Automated Trading

Spreadsheet Systems, Alerts and Automated Trading: Attached Order Target Offset (write only) [J80]
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing