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Date/Time: Wed, 08 May 2024 09:08:06 +0000



How do I open OCO bracket order to cancel another bracket order?

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[2018-02-28 09:16:01]
User293087 - Posts: 4
Hi, new to Sierra but exploring functions.

I can't seem to figure out if it is possible to create OCO order for a bracket-sell order and bracket-buy order, i.e. this means if either bracket (on the sell or buy side) is hit, it will close the other pending bracket order.

Is this possible? Looked through the manual but cannot seem to find anything. Please help.


Thanks!
[2018-02-28 18:47:06]
Sierra Chart Engineering - Posts: 104368
This is not totally clear for us. But there are several OCO order types on this page here which can have Attached Orders attached to each:
Order Types

When one of the sides fills, the other side will be canceled along with its Attached Orders.
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
[2018-03-01 08:56:20]
User293087 - Posts: 4
Hi Sierra,

I looked at that page before posting here but did not find anything to help me (unless I misread it). I came from another platform, where I could open Bracket orders with OCO conditions (if one bracket order is triggered, it will cancel the other pending bracket order).

For example, I may have 2 pending bracket orders on ES. I set one sell bracket order, and 1 long bracket order. If my long bracket order is activated, is there a way for system to 'cancel' the other pending sell bracket order? (which OCO does it fall under that page).

Thanks!
[2018-03-01 20:03:08]
Sierra Chart Engineering - Posts: 104368
We are fairly sure Sierra Chart does have what you need.

We need to know the parent/main order types for the Sell and Buy bracket orders you are referring to. Let us know. Are these Stop or Limit orders?
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: 2018-03-01 20:03:27
[2018-03-02 07:13:21]
User293087 - Posts: 4
Hi,

In my example, I am using both Buy limit bracket order & Sell limit bracket order. Both have their own corresponding TP (Target Profit) & SL (Stop Loss).

Is it possible to get my Sell limit bracket order automatically cancelled by Sierra, when my Buy limit bracket order has been triggered (with their corresponding TP & SL).

ps: I've been trying hard to get that done in Sierra but cant seem to find the right configuration... :(
[2018-03-02 19:46:12]
Sierra Chart Engineering - Posts: 104368
Yes this is fully supported. You need to use this particular Order Type:
Order Types: OCO Buy Limit Sell Limit (OCO Buy Limit Sell Limit)
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
[2018-03-02 19:57:14]
User293087 - Posts: 4
Oh I didnt realise these options existed. Thanks!

Experimenting with them now.

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