Support Board
Date/Time: Fri, 02 Jan 2026 23:03:08 +0000
Setting two different Trailing Stops
View Count: 102
| [2025-11-15 21:47:14] |
| August - Posts: 3 |
|
Hello, Is it possible to set the position management like this: 1. I open a position with a SL of -15. 2. When the price reaches +10, a trailing stop is initiated, 15 points behind the price. 3. When the price reaches +20, the stop loss moves to +15. 4. Then, when the price reaches +30, the stop loss moves to +25. 5. And this is where I have a problem. Now, from +30, I would like the trailing stop to decrease the distance from the price and follow the price by 5 points, instead of +15 as I initially set. 6. At the beginning, a trailing stop of 15 points is fine, but at the end, I would like a trailing stop 5 points behind the price. 7. I am sending two screenshots of my Trade windows settings. 8. Please help. Best regards. |
 Screenshot_1.jpg / V - Attached On 2025-11-15 21:43:38 UTC - Size: 58.94 KB - 23 views Screenshot_2.jpg / V - Attached On 2025-11-15 21:43:44 UTC - Size: 59.29 KB - 20 views |
| [2025-11-18 18:04:34] |
| John - SC Support - Posts: 43719 |
|
You can not do this with the Trailing Stop order types built into Sierra Chart. Those orders only allow for a single trailing distance. You can use a "Trade Management by Study" study to do this, where you set the level you want the stop to be at using a "Spreadsheet Study for Trading" study to set the level based on an open position and the current price versus the price of the position. You need the "Spreadsheet System For Trading" so that you have the information you need from the position itself. Refer to the following: Spreadsheet Systems, Alerts and Automated Trading Attached Orders: Study Controlled Targets and Stops For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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