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Direct MessagesDate/Time: Sun, 28 Apr 2024 20:18:13 +0000
Chart Trade Menu alternative - or manual quick Trailing Stop entry
View Count: 2686
| [2013-07-07 23:02:52] |
| Rainer - Posts: 108 |
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I have a need to occasionally replace a LIVE (attached) Stop+Limit Order with a Trailing Stop Order. What is, and I am Looking for, a quick & convenient way to enter/place a Trailing Stop; discounting the following: 1) Right-click [Chart shortcut Menu|Chart Trade Menu], I needed to remove all Order-Menu items as I (at the best of times) occasionally hit one of the 'place order' types by mistake, as I access this right-click menu upto 40-60 times a day on my 20charts 6monitors. So I really don't want the Order types listed particularly side-by-side (at the bottom, yes perhaps) 2) Trade-DOM does not have the functionality (as far as I can ascertain) to right-click place Trailing Stop 3) Trade-Window does not (as far as I can ascertain) place 'solely' a Trailing Stop Order without placing an actual Order-Entry along with it. 4) By way of additional Toolbars, also not a valuable solution, as these Toolbars can only be attached to the main SC-Chart platform window and with 6 monitors is not a solution I want to depend on. If these Toolbars would be attachable to detached chart-windows, that might be a different story then. So all in all, bar 1-4, what are the alternatives for placing a Trailing Stop Order beyond a current LIVE position)? |
| [2013-07-07 23:54:20] |
| StevieD - Posts: 39 |
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No solution here. But I do agree with point #1... the Chart Trade Menu should be stacked (or an option to be stacked), not side-by-side with non-trade commands. I too, at times have placed trades by mistake because of the placement of trade commands on the right-click. Maybe a right-click+somekey or better a middle button click, to bring up **ONLY** the trade menu. |
| [2013-07-08 00:04:35] |
| Rainer - Posts: 108 |
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my thoughts exactly ... CTRL+right-click be perfect. Middle button not so, as this largely will depend on what type of mouse most users use. Can you please see IT implement this small but detrimental change into Release 994 ? |
| [2013-07-08 10:34:07] |
| Rainer - Posts: 108 |
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StevieD ... not sure if you are SC support, but can you (if you are SC support) or Support respond to this topic please with a solution?
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| [2013-07-08 23:24:39] |
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1. We will see about adding an option to display trading commands on a sub menu on the Chart Shortcut Menu. 3. In the list of Order Types on the Trade Window you can select Trailing Stop and set that on its own. Make sure you have disabled Use Attached Orders. 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 Date Time Of Last Edit: 2013-07-16 07:25:55
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| [2013-07-08 23:37:27] |
| Kiwi - Posts: 374 |
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Just a suggestion ... not sure how valid it is. 1. Leave the existing menus as they are for those who are happy. 2. Create a new chart trading menu that can be bought up with ctrl-rightClick or a selectable key combination. This menu would only have trading commands. Most people have good muscle memory for the ctrl key's location and it would ensure no click errors. I would use this if it was available although I don't make these mistakes because I have severely limited the options in my right click menu. |
| [2013-07-09 23:45:18] |
| Rainer - Posts: 108 |
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To: Support Your suggested item 3, using the Trade Window in that fashion, is very very confusing to say the least, including having to select a price instead of 'ticks away'. If you select the 'Trailing Stop' method, and hit the wrong BUY or SELL button it enters a new Trade; which is something that should not occur (as all you opted to do is place a Stop). If you select 'OCO Limit and Stop', ... Limit 3080 while current Price 3050 Stop 3020 In this configuration you'd (at first instance) assume hitting the BUY button, but its the SELL button that needs to be hit. As matter of fact, when placing any (additional protective) Orders [[to current Live Orders]] using this method, except for (instant) Market-Entry-Orders, the BUY SELL buttons should disappear and a "PLACE ORDER" Button instead (perhaps) should appear. Same as right-click (ie) 'Buy Trailing Stop' and 'Sell Trailing Stop', if right-clicked at the other non-obvious choice (above/below current price), it enters you in another trade when all you wanted to do is place a protective Trailing Stop. Again, placing any "additional protective" orders (limit-stop-trailing-oco, etc.) should have a built in 'safeguard' preventing it becoming a Live Entry. Or a Global Settings, for when placing any non-direct-MARKET-Entry-Orders (ie. protective Stop/Limit type orders to current position), will not execute an instant Entry-Order if selected the other non-obvious button/choice instead. Can Support (and other users) please respond and share your views as the above, should be given consideration. ... Look we all done it, hit buy when it should have been sell, placed a stop/limit in the wrong direction, and while we all have a good degree of understanding Buy-Sell order placement, its when we are faced with "other non-obvious" buttons/choices like OCO orders ... this is when it gets tricky; but the last thing the platform should not do, is enter a new Trade (by mistake) when all we wanted is to 'place' a Stop or Limit Order of some sort. Date Time Of Last Edit: 2013-07-09 23:53:17
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| [2013-07-10 04:14:28] |
| StevieD - Posts: 39 |
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Personally, I do not agree with your premise. SC out-of-the-box should not even try to be everything to everyone regarding trade strategy execution and position(s) management, especially using your choice of brokerage and data feed! SC allows auto-trading and/or an API where you can write the code and that code(you) know what you want to do, whether it is a new position or an amendment to or a transaction against an existing position(s). Manually placing orders comes with a certain level of "purpose" necessary for execution. This is true among any platform I've ever used, white-label and 3rd-party. There may be some streamlines, but in all, the trader must be purposeful to a relatively stringent set of execution machinations. All of that said, there is plenty in SC which is prime for streamlining. For example, the original topic of this thread, the trade menu, if/when changed as discussed, would be a safeguard against erroneous placed trades in addition to simplifying/streamlining chart trading. That is only one. |
| [2013-07-10 04:39:37] |
| Rainer - Posts: 108 |
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StevieD, not sure about your position, myself 13yr private Trader having used all trading platforms available and find SC to be the best. Not sure as to why you referring to brokerage, datafeed, API and code writing when this is not what this topic is about. About manually placing orders, not sure as to why you are referring to white-label and 3rd-party. You are most welcomed making relevant comments as to the manually placing protective Stop/Limit/OCO orders to current Live positions; as per my last post. [If possible please keep your replies brief and to the point]. Date Time Of Last Edit: 2013-07-10 04:40:02
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| [2013-07-10 16:00:29] |
| StevieD - Posts: 39 |
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Rainer, IMO your latest suggestions about "safeguards" is a desire to have SC do mind-reading. I pointed out SC is similar in this regard to other warez, plus SC provides many(diverse) backend execution options. Quite relevant and on point to your "SC should protect me" post! Hopefully SC will make changes to chart trade menu which moves the conversation to other topics. |
| [2013-07-12 23:59:03] |
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There is a lot of additional postings here and information and this is still pending review. It is not being overlooked.
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 |
| [2013-07-16 07:31:39] |
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We will see about automatically determining buy/sell based upon the order type and the price specified. It probably would be better though, that we actually let you choose buy/sell and instead reject an order that would immediately fill. Currently we do this with Stop orders. The option is Global Settings >> Chart Trade Settings >> Reject Stop Orders That Will Immediately Fill. This applies to all types Of stop orders and whether they are submitted from the Trade Window, Chart DOM, or the right-click Chart Shortcut menu. We have now added the following in the latest prerelease: Added Global Settings >> Chart Trade Settings >> Display Trade Commands As Submenu. The default for this is disabled. When this is enabled, then all of the Chart Trade commands that are displayed on the Chart Shortcut menu opened with a right-click on the chart, will be displayed under a submenu named Trade. This reduces the possibility of accidental selection of these items. The Trade menu will be at the bottom of the Chart Shortcut menu.
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 Date Time Of Last Edit: 2013-07-16 07:32:47
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| [2013-07-16 23:22:32] |
| Rainer - Posts: 108 |
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Thanks! Additionally, can (should) the Reject Stop Orders That Will Immediately Fill be extended to Limit Orders (or be extendable via additional parameter)? If a Trader wanted to Enter the Market with an immediate Order-Fill, he'd use a Market-Order and would not use a Limit-Order in this way (as Limit-Orders 'primarily' are used to enter at a price "beyond" the current price); hence the question above. online Help, re. Trade Commands in Submenu; I could not find a 'specific' mention ... If using Orders from the Chart Trade Menu, User must be aware the commands from this menu are not independent from the chart Trade-Window and Use Attached Order will be actioned unless un-ticked. ... {perhaps you'd consider adding, if it is not already mentioned somewhere} Date Time Of Last Edit: 2013-07-16 23:26:05
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| [2018-04-26 11:43:57] |
| User952186 - Posts: 58 |
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Hi Kiwi, I liked your Stop Loss Indicator very much. Thank you for coding and sharing it. I use TradeStation 9.5 for backtesting purposes. Do you have Easy Language of Kiwi's Stop-Loss indicator? If not, what would be the most convenient way to obtain it? Thanks. Ozgur |
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