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Date/Time: Tue, 17 May 2022 13:24:36 +0000

Post From: trailing stop offset

[2013-06-07 18:20:55]
eagle - Posts: 92
This issue was discussed by others in another recent thread, but my question was not answered there.

When placing a Trailing Stop order from the Trading DOM how can I specify the Trail Offset as the number of ticks from the current market price.

I find it difficult to enter an original Stop price, based on a specific Trail Offset, while the current market price is bouncing around, up and down, here and there, erratically. It's difficult because while using the drop-down field on the Trade Window, there are too many things I have to do: 1) I have to check the current market price. 2) I have to calculate the stop price, based on my preferred trail offset. 3) I have to scroll the drop-down window to the calculated stop price. 4) I have to select the stop price. 5) I have to submit the order.

If the current market price changes while I'm performing those five tasks; then, I have to start all over again with the whole process.

In other words, I need for SierraChart to calculate the original Stop price based on me providing a Trail Offset.

Can this be done?

If not, does anyone see that I'm I missing something about the placing of trailing stop orders with SierraChart?