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Date/Time: Sat, 27 Apr 2024 19:58:27 +0000



Post From: Confused re operation of Buy/Sell Limit Orders on ChartDOM

[2016-02-10 11:40:15]
User13668 - Posts: 291
This section of the documentation refers:

https://www.sierrachart.com/index.php?page=doc/doc_ChartTrading.html#ChartDOM

Here is what I was trying to achieve:

Current price of an instrument is $35.

I want to enter a new trade and SELL this instrument when price drops to $30, but I only want to sell at $30 or a better price (ie higher price). So I don't want to sell at $29.99, or $29.98 etc.

So I assumed I would use a Sell Limit Order on the ChartDOM by right clicking on the Ask/Sell column of the ChartDOM at $30.

But when I do this I am immediately entered into a short trade at Market price ie around $35.

My ChartDOM Global Settings are as per your documentation referred to above.

What am I misunderstanding?

How do I achieve what I want (as I thought that was a use of Buy/Sell Limit orders)?

Cheers