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Direct MessagesDate/Time: Wed, 01 May 2024 22:15:24 +0000
Can a Position Manager (Time based stop) be coded as an indicator or?? **REVISED Question**
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| [2016-12-05 03:45:05] |
| Mike_S - Posts: 42 |
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I was wondering if it is possible to code an indicator or other to manage my stop and/or target after entry... After entry, if in profit **after 3 bars**, lock in 1 tick (move stop to break even + 1 tick). If at a loss **after 3 bars** move target to +1 tick. If my stop is moved/changed, my original stop should be canceled. If my target was moved/changed, my original target should be canceled. ***In short, If in profit by the 3rd bar lock profit, if at a loss by the 3rd bar, new target of 1 tick.*** I'm REALLY hoping this is possible. Thanks Date Time Of Last Edit: 2016-12-05 17:12:27
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| [2016-12-05 09:41:41] |
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This can be done with the Move to Breakeven for Stops functionality with Attached Orders: Attached Orders: Move to Breakeven for 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 |
| [2016-12-05 12:52:58] |
| Mike_S - Posts: 42 |
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Thanks for the replay but it seems that I misworded my question. I revised my original post. ***In short, If in profit by the 3rd bar lock profit, if at a loss by the 3rd bar, new target of 1 tick.*** |
| [2016-12-05 18:15:17] |
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Something custom like this would require using the Spreadsheet System for Trading study: http://www.sierrachart.com/index.php?page=doc/SystemsAlerts.php Or using ACSIL: http://www.sierrachart.com/index.php?page=doc/ACSILTrading.html 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: 2016-12-05 18:15:53
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