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Direct MessagesDate/Time: Fri, 19 Apr 2024 22:27:28 +0000
How do I close individual trade positions?
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| [2018-04-09 15:49:10] |
| grantx - Posts: 244 |
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Lets say the market is trending down and I have five open short positions which I have entered at different locations. I end up with a cluster of stops and a cluster of targets but I dont know which one belongs to which trade. How do I manually close these trades one by one as the downtrend continues so that my target and stop are removed automatically as well? I have tried to 'buy' into the downtrend and that will allo me to scale out but the stop and target remain. Date Time Of Last Edit: 2018-04-09 16:10:03
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| [2018-04-09 17:11:29] |
| Xfanman1 - Posts: 320 |
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You could try a couple of approaches. #1 - You can set your orders to link to the parent order on your chart so you can follow the link and see which ones are tied to which Parent order. You'll find them under GLobal Settings/Chart Trade Settings/Draw Order Association Lines. #2 - You can turn on Scale In and Scale Out order settings which will combine your multiple entries into one Average Price Parent and your child orders for each subsequent order will add to the existing child orders. The advantage to this is you get the ability to get a true BreakEven for ALL your orders if you use the BE Button. In addition, you can move one profit target and/or stop that affects all your existing orders. If you sell a contract along the way (as long as Scale Out it turned on) your child and parent order will all be reduced by the amount of that sold value and the order you created to sell part of the position will not add child order brackets even with Use Attached Brackets selected until your position goes back to Flat. The downside to this functionality though is that your orders remain on your client, not on the brokers servers if that's how you currently have your platform setup. Menu/Orders/Support Scale In (Out) Scott Date Time Of Last Edit: 2018-04-09 18:57:43
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 OrderLines.PNG / V - Attached On 2018-04-09 17:11:04 UTC - Size: 67.33 KB - 644 views ScaleInOut.PNG / V - Attached On 2018-04-09 17:11:14 UTC - Size: 37.13 KB - 574 views |
| [2018-04-09 18:54:01] |
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Refer to the Scaling Out functionality here: Attached Orders: Scaling Out 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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