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Date/Time: Mon, 29 Apr 2024 07:17:23 +0000



Trade Window configuration

View Count: 1214

[2017-01-03 14:04:40]
FerroTrader - Posts: 70
Support - Is there any way to configure the trade window to achieve the following request.

For "X" number of ticks in favor of trade, move the stop by "Y" ticks.

thank you.
[2017-01-03 17:54:37]
Sierra Chart Engineering - Posts: 104368
Yes. You need to use the Move to Breakeven for Stops functionality for Attached Orders:
http://www.sierrachart.com/index.php?page=doc/AttachedOrders.html#MoveBreakevenForStop
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
[2017-01-03 18:04:41]
FerroTrader - Posts: 70
Support - Thank you for the quick response.

However even after reading through the documentation provided, not really following how I can achieve this. apologize in case if I am missing some minute details.

I would like to move 1 tick for every 2 ticks price move in my favor.

Example:
1 contract - market order
Initial stop 20 ticks - from entry price
Target - 20 ticks - from entry price
For each 2 ticks price move in my favor - would like to move 1 tick for the stop. Please note that the price movement and stop movement ticks are different.

Any sample window configuration image/configuration file you can provide to achieve this?

thank you.
Date Time Of Last Edit: 2017-01-03 18:09:43
[2017-01-03 18:39:03]
Sierra Chart Engineering - Posts: 104368
You need to use a Step Trailing Stop:
http://www.sierrachart.com/index.php?page=doc/OrderTypes.html#StepTrailingStop
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
[2017-01-03 19:03:17]
FerroTrader - Posts: 70
thank you, again for your response but this is not what I meant to ask you.

I said I may need this:
--> For "X" number of ticks in favor of trade, move the stop by "Y" ticks. <--

Reading your documentation I read this:
--> ...Stop price to 95, both of which will establish a Trail Offset of 5, the Step Amount is 2, then when the market price moves from 100 to 102, then the stop price will move to 97... <--

by reading what you posted, the Sierra built-in function is doing this:

--> After the initial offset is established(95) - For "X" ticks of price movement(step amount 2), the stop also moves "X" ticks(new price to 97), rather than "Y" ticks (would prefer the stop to move to 96 (1 tick move) - and so on.

Is there any possibility to implement this in SC ?

thank you
Andrew
Date Time Of Last Edit: 2017-01-03 21:13:05
[2017-01-04 10:31:11]
Sierra Chart Engineering - Posts: 104368
Yes we do understand the difference now. We will have to see about this later on.
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
[2017-01-09 21:23:49]
FerroTrader - Posts: 70
Thank you !

I would appriciate if you could get this implemented as your time permits.
I would be looking forward to this feature since I am stuck.

Thank you very much,
Andrew
[2017-01-09 21:27:16]
Sierra Chart Engineering - Posts: 104368
Understand that this will be up to a year for implementation and we cannot get to it any sooner.
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: 2017-01-09 21:27:41
[2017-01-09 22:07:49]
FerroTrader - Posts: 70
I understand and I thank you for considering user advices.
Without these advices, Sierra will become incomplite soon.
[2017-01-10 00:13:25]
Sierra Chart Engineering - Posts: 104368
We actually intend to try to get this done in the next couple of months but we do not want to make a promise we cannot keep.
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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