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Post From: Spreadsheet Trading- Open/Close order type (and CancelAllWorkingOrdersOnExit)

[2016-06-03 18:03:24]
Sierra Chart Engineering - Posts: 104368

Question: shouldn't this new Short order, being an independent new one, have an Open type (in Open/Close column in the Orders window)? That it has the ability to close the first position (if its price is closer than the original attached order) should not matter in my opinion. Otherwise what is the point of disabling scaling out, if not to create fresh independent orders that might Open new opposite positions.

It is not possible to have multiple positions at the same time for the same Symbol and Trade Account.

What the Open/Close is when the order is submitted does not matter in most cases. Why is there a problem with this? When the order actually fills, the Open/Close will be correctly set based upon the current Position at that time.



Q2: If I am somehow thinking this wrong, is it logical that the new Short order's (which is regarded by SC as a Close order) attached orders be regarded as Open orders?
Still this should not matter and the Attached Orders will have a Open/Close of Close always. The correct value will be determined when the order fills.

We could change it so that when there are Attached Orders, the parent order always has a Open/Close of Open. We will look into that. But in most case it is not going to matter one way or the other.
Sierra Chart Support - Engineering Level

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Date Time Of Last Edit: 2016-06-03 18:04:55