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Date/Time: Thu, 28 Mar 2024 12:41:49 +0000



Jigsaw's new order type - Volume Stop

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[2016-09-06 06:26:25]
Acro - Posts: 436
Jigsaw is now enabling Volume Stops on its live trading platform.
What this means is that say the volume level was set at 100 and it was a buy volume stop at price XX.XX then it would only be triggered if the inside offer volume on the book at XX.XX dropped below 100. Otherwise no order would be triggered.

In other words, it is designed to get you into a long (in this case) just before price ticks up from XX.XX to XX.XX+1

Can I ask if this is something that Sierra has considered as it would be very useful.

I use Sierra's DOM exclusively for all my trading and I hope it continues to evolve.
[2016-09-07 07:40:04]
Sierra Chart Engineering - Posts: 104368
Letting you know, we have reviewed this. And we will consider this.
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
[2016-09-07 07:41:01]
Acro - Posts: 436
Thank You
[2016-09-07 21:20:42]
jsoviero - Posts: 84
+1
[2016-09-08 10:45:47]
Sierra Chart Engineering - Posts: 104368
This is relatively easy to add as an interactive trading study.

Like the Triggered Limit Order Entry study.

if the inside offer volume on the book at XX.XX dropped below 100.
So you are referring to the best Ask Quantity?
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
[2016-09-08 13:14:50]
Acro - Posts: 436
Yes, the best Ask Quantity if it is a buy volume stop
Or the best Bid Quantity if it is a sell volume stop
[2016-09-08 17:03:08]
Sierra Chart Engineering - Posts: 104368
OK we will see if we can do this easily in the next few days.
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
[2016-09-10 10:50:53]
Sierra Chart Engineering - Posts: 104368
This is now done and will be out in 1461.

It is implemented as a study named:
Trading: Bid/Ask Quantity Triggered Stop Order

Full source code will be provided.
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: 2016-09-10 10:51:10
[2016-09-12 00:29:30]
Sierra Chart Engineering - Posts: 104368
This has now been released in version 1461. It is a study named:
Trading: Bid/Ask Quantity Triggered Stop Order


Right-click on the chart where you want to set the stop order and select one of the following from the displayed menu:
Set Buy Stop Price
Set Sell Stop Price


A horizontal line is displayed at the stop price as well as the order price is displayed.


To cancel the order right-click and select:
Cancel Stop Order

When triggered it sends a market order. The order quantity is the same order quantity set for the Trade Window for the chart it is applied to.

Make sure you only test it in Trade Simulation Mode until you are certain it works properly for you.
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: 2016-09-12 00:30:27
[2016-09-15 06:49:00]
JingIt - Posts: 44
How do we see the quantity of the stop order?

Can you put this features to Dom so we can put order directly to dom not chart?

Can the order be adjusted easily like other the order we placed on the dom? Quick shortcut for threshold stop can be: shift + left click on dom, normal stop is only left click.
Date Time Of Last Edit: 2016-09-15 11:28:20
[2016-09-15 22:36:56]
Sierra Chart Engineering - Posts: 104368
The quantity is set through the Trade Window quantity.

In the next release, the study will be listed through Chart >> Analysis for the Trade DOMs.


Can the order be adjusted easily like other the order we placed on the dom? Quick shortcut for threshold stop can be: shift + left click on dom, normal stop is only left click.
To modify the order, you cannot click and drag it, you just have to right-click and reset the stop price through the same menu commands for setting the order price initially.
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: 2016-09-15 22:38:51
[2016-12-22 14:26:25]
User305145 - Posts: 38
I have added this study to the relevant DOM - when placing stop orders they fill on touch (despite changing the trade window quantity)

Where am I going wrong?
[2016-12-22 15:07:19]
User305145 - Posts: 38
When I place a stop order, right click on it, then select "Set Buy/Sell Stop Price" - the volume triggered stop shows up.

Is there a quicker way to do this?

It is possible to set a volume triggered stop as the default stop order type? Or at least have it accessible via the order type drop down menu in the trade window (attached pic)? - So that it can be used in an attached order configuration
Date Time Of Last Edit: 2016-12-22 15:08:32
imageorder type drop down.jpg / V - Attached On 2016-12-22 15:07:05 UTC - Size: 82.32 KB - 561 views
[2016-12-22 18:08:04]
Sierra Chart Engineering - Posts: 104368
I have added this study to the relevant DOM - when placing stop orders they fill on touch (despite changing the trade window quantity)
Refer to the documentation for this order entry study:
http://www.sierrachart.com/index.php?page=doc/OrderTypes.html#BidAskQuantityTriggeredStopStudy

What you say can be normal behavior.

Is there a quicker way to do this?
No.


It is possible to set a volume triggered stop as the default stop order type? Or at least have it accessible via the order type drop down menu in the trade window (attached pic)? - So that it can be used in an attached order configuration
No.
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
[2017-03-13 17:54:34]
User150371 - Posts: 70
1.When using this Study, is there a reason the Cancel All button in the Trade Window does not cancel the order ?

2.The order does not appear in the TOP window. I often use this to cancel any open non-simulated orders, to be certain that I have no resting orders eg if leaving my screen for a while. The fact that this order does not show here means there is a possibility that it could remain in place unintentionally. Can this be remedied ?

3.With regular Stop orders, when one is place on the Chart, it also appears on the DOM, and vice versa, but not with this order. This seems inconsistent.

Thank you.
Date Time Of Last Edit: 2017-03-13 18:22:37
[2017-03-13 22:17:58]
Sierra Chart Engineering - Posts: 104368
All of what is described in post #16 is a limitation because the Bid Ask Quantity Triggered Stop study is implemented as an order entry study and not a normal order.

There are no plans to change this anytime soon.
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: 2017-03-13 22:20:44
[2017-03-13 22:22:36]
Sierra Chart Engineering - Posts: 104368
We see this from an edited post:
When I place a stop order, right click on it, then select "Set Buy/Sell Stop Price" - the volume triggered stop shows up.

Something like this definitely should not happen. Make sure you are using the current version of Sierra Chart.
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
[2018-01-21 19:04:23]
User832792 - Posts: 17
Hello SC Engineering,

Thank you for your efforts to implement this great idea, however I feel that it would be much more efficient if this study would be implemented as an actual order. Please reconsider your stand on this. I'd highly appreciate it. Best
[2018-01-30 08:17:29]
Sierra Chart Engineering - Posts: 104368
This is now a built in order type.

You need to use the latest "Prerelease":
Software Download: Fast Update

Make sure you first test it in Trade Simulation Mode.
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: 2018-01-30 08:17:54
[2018-06-22 15:49:39]
Cavalry3162 - Posts: 523
SC,

even after reading this thread twice i am not entirely sure.. is this order also viable as a stop loss order?

e.g. i have a stop loss via OCO at 50 and have set the vol trigger to 100, can i somehow have that order only trigger if the best bid has a quantity < 100 contracts?
[2018-06-22 17:59:02]
Sierra Chart Engineering - Posts: 104368
The order types are fully documented here:

Order Types
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
[2019-03-22 04:41:50]
User574234 - Posts: 15
Has any users tested this is working like in Jigsaw?
[2019-03-22 05:16:42]
Sierra Chart Engineering - Posts: 104368
Well it definitely works as documented:
Order Types: Bid Ask Quantity Triggered Stop
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

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