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Direct MessagesDate/Time: Sun, 28 Apr 2024 18:45:13 +0000
triggered stop
View Count: 2011
| [2018-02-08 17:55:43] |
| User99934 - Posts: 227 |
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When using the trade volume triggered stop in simulation mode, I set the price and the volume that must trade at that price. When I click the buy or sell button, it ignores the parameters and just executes immediately at the market.
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| [2018-02-08 18:36:01] |
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You actually need prerelease version 1698 for this particular Stop type to work properly. There is a notice about this at the top of the Support Board.
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 |
| [2018-02-08 18:54:40] |
| User99934 - Posts: 227 |
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I am using 1698 and the volume component of the stop is ignored in simulation mode.
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| [2018-02-08 23:45:55] |
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We will test.
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 |
| [2018-02-09 00:05:05] |
| User99934 - Posts: 227 |
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While you are testing I have a question. Is the volume figure for a total bar period or is it a section of volume in a bar period (i.e. one row of a volume profile of that period)?
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| [2018-02-09 04:55:15] |
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This would only be the volume traded at the price level of the order while the order is active. And if the price goes lower than a sell stop order or higher than a buy stop order, it is going to be sent as a market order immediately.
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: 2018-02-09 04:55:53
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| [2018-02-09 19:47:41] |
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We have verified that the Trade Volume Triggered Stop does work properly and we added the current accumulated volume to the order line so you can see what it is. However, it could be that it is not really implemented in the way that users are expecting. For example, it will also trigger when the price goes below a trade volume triggered Sell stop. Maybe it should not. We can change the implementation so even when the price moves lower than a sell stop, as an example, it will not trigger until the volume accumulates until the specified amount. 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 |
| [2018-02-09 20:18:52] |
| User99934 - Posts: 227 |
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I would think you only want to trigger when the volume accumulates to a specified amount at a specified price. If it triggers without this component, don't you just have a basic stop? I also don't think you want to accumulate all the volume beyond the price because then your order may be executed far away from original price.
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| [2018-02-09 20:34:01] |
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OK we made some changes to it, and we will document the behavior and release a new version probably later today. We will then wait for more feedback. 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: 2018-02-09 20:34:25
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| [2018-02-09 20:44:44] |
| User99934 - Posts: 227 |
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Will the orders be held client side or preferably an added advantage of Sierra/CTS Server side based?
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| [2018-02-09 22:57:45] |
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The Trade Volume Triggered stop is always managed on the client-side.
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 |
| [2018-02-10 00:23:13] |
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We have released version 1699. Test Trade Volume Triggered Stop. We would think it should now work as users would expect.
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: 2018-02-10 00:23:29
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| [2018-02-10 05:43:00] |
| User99934 - Posts: 227 |
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The stop is currently being triggered on an aggregate volume basis, utilizing volume figures beyond the trigger price. The danger with this approach is having the trade being executed at a market price far beyond its intent. I could see merit in this approach with some modifications. However, at this time, I would prefer to have only the volume at one price trigger the stop, not all the volume above or below the trigger.
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| [2018-02-10 10:34:17] |
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not all the volume above or below the trigger. This is not the case.In the case of a sell stop, all the volume at the stop price or lower is counted. In the case of a buy stop only the volume at the stop price or higher is counted. What we are going to do next is add a Limit price to the Stop to limit the range that it can be sent. 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: 2018-02-10 10:35:07
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| [2018-02-10 16:42:23] |
| User99934 - Posts: 227 |
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The limit is an improvement for a potential execution problem but there is another. The true value of the order would be to specify the specific price volume or range of prices at which the volume trigger occurs. Here is what could happen with logic you proposed (as I understand it) without having a specific volume at price specified and using only a limit... market is trading at 999, buy stop is at 1000 with a volume trigger of 50 at any price of 1000 or more and a price execution limit of 1000. Market trades 1000 10 contracts, 1001 10 contracts, 1002 10 contracts, 1003 10 contracts, 1004 10 contracts. As soon as the 1004 with 10 contracts trades, 50 contracts has traded and my order is live on the book to buy at 1000. The problem is, I don't want to be a buyer at 1000 when the market already made its move to 1004. I'm too late, I don't want to buy the dip back to 1000. This happens in seconds, sometimes fractions of seconds and I can't react that fact to cancel the order. Instead of being a liquidity taker, I'm a liquidity maker. I'm looking for the following: market is at 999, buy stop is at 1000 with a volume trigger of 50 (at ONLY the price of 1000 OR a specified range) and the OPTION to have a specified price execution limit. |
| [2018-02-13 07:10:58] |
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We need a little more time to follow up on 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 |
| [2018-02-14 21:41:04] |
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OK we have now concentrated on what you have written. This is exactly how it is intended to work: I'm looking for the following: market is at 999, buy stop is at 1000 with a volume trigger of 50 (at ONLY the price of 1000 OR a specified range) and the OPTION to have a specified price execution limit. This will be out later today. 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: 2018-02-14 21:41:20
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| [2018-02-15 15:27:33] |
| User99934 - Posts: 227 |
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Thank you for this update. I could not find this option to add under the customize chart trade menu. Is it under a different name? If you could figure a fast way to add the volume while using the chart trade menu that would be helpful because every time you use this option the volume will be different and must be entered.
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| [2018-02-15 18:09:29] |
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The volume triggered stops are not listed on the Chart Trade Menu because they require a volume number.
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 |
| [2018-02-15 18:39:19] |
| User99934 - Posts: 227 |
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If you could figure a way to input the volume number fast with the chart trade menu that would be great. Maybe a pop up box?
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