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Implementing simple trailing stop and profit target in ACSIL

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[2017-01-12 18:45:31] #1 [Go To First Post]
User514837 - Posts: 47
I am trying to simply enter the market using ACSIL, by using a simple trailing stop (let's say 10 ticks) and a target of 20 ticks. I don't want attached orders, because I think attached orders makes your orderquantity at least 2. Is the following doing what I would like to do? Simple trailing stop of 10 ticks and target profit of 20 ticks? s_SCNewOrder NewOrder; NewOrder.OrderQuantity = 1; NewOrder.OrderType = SCT_ORDERTYPE_TRAILING_STOP; NewOrder.Price1 = sc.BaseData[SC_LAST][sc.Index] + 10sc.TickSize; NewOrder.Target1Offset = 20 sc.TickSize;

[2017-01-12 20:08:27] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Did you want to enter using 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

[2017-01-12 20:11:23] #3 [Go To First Post]
User514837 - Posts: 47
By market order do you mean enter immediately at current market price? Then yes.

[2017-01-12 21:22:11] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Here is an example: s_SCNewOrder NewOrder; NewOrder.OrderQuantity = 1; NewOrder.OrderType = SCT_ORDERTYPE_MARKET; NewOrder.TimeInForce = SCT_TIF_GOOD_TILL_CANCELED; //Specify a Target and a Stop with 8 tick offsets. We are specifying one Target and one Stop, additional targets and stops can be specified as well. NewOrder.Target1Offset = 8sc.TickSize; NewOrder.Stop1Offset = 8sc.TickSize; NewOrder.AttachedOrderStop1Type = SCT_ORDERTYPE_TRAILING_STOP; NewOrder.OCOGroup1Quantity = 1; // If this is left at the default of 0, then it will be automatically set. You do need to use Attached Orders to put a Target and Stop. There is no other way. 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: 2017-01-12 21:58:58

[2017-01-12 21:24:10] #5 [Go To First Post]
User514837 - Posts: 47
There's no trailing stop in the above code, I would be looking to have a trailing stop. Date Time Of Last Edit: 2017-01-12 21:26:02

[2017-01-12 21:58:22] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We apologize for missing that detail. The code example is now updated. 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

[2017-01-16 13:31:22] #7 [Go To First Post]
User514837 - Posts: 47
Keeping in mind I want a trailing stop, what is the difference between using the code that you recommended: ewOrder.OrderType = SCT_ORDERTYPE_MARKET; NewOrder.TimeInForce = SCT_TIF_GOOD_TILL_CANCELED; NewOrder.Target1Offset = 8sc.TickSize; NewOrder.Stop1Offset = 8sc.TickSize; NewOrder.AttachedOrderStop1Type = SCT_ORDERTYPE_TRAILING_STOP; NewOrder.OCOGroup1Quantity = 1; // If this is left at the default of 0, then it will be automatically set. and NewOrder.OrderType = SCT_ORDERTYPE_TRAILING_STOP; NewOrder.Price1 = sc.BaseData[SC_LAST][sc.Index] + 10sc.TickSize; NewOrder.Target1Offset = 20 sc.TickSize; I see in backtests that using Price1 doesn't always hold, and trades don't get exited when they should. Is that the difference? Date Time Of Last Edit: 2017-01-16 13:33:16

[2017-01-16 19:37:21] #8 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
The difference is that the second block of code is a trailing stop for the main order. And it has no attached 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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