Login Page - Create Account

Support Board


Date/Time: Sat, 20 Apr 2024 15:39:34 +0000



Move To Breakeven for Stop based on price of specific study.

View Count: 2304

[2013-03-25 09:41:25]
Davidside - Posts: 16
Hello,

I would like to ask, if there is any way to move stop order automatically to breakeven point based on price of specific study. For example: By study Auto retracement you can draw low of the day. I enter to short position and I would like to set my stop to move to breakeven point when the market will reach the price of low of the day.

Thank you very much.
David.
[2013-03-26 02:58:24]
Sierra Chart Engineering - Posts: 104368
This can be accomplished by using the Spreadsheet System for Trading study:
http://www.sierrachart.com/index.php?l=doc/doc_SystemsAlerts.php#AutomatedAdvancedExitStrategies

With this kind of method though, a Stop order will not actually be sent until your conditions are met. And at that time you would really just probably send a Market order.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

To post a message in this thread, you need to log in with your Sierra Chart account:

Login

Login Page - Create Account