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Date/Time: Sat, 18 May 2024 23:30:05 +0000



triggered stop order

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[2018-05-29 11:20:33]
User336964 - Posts: 29
Hi

The order type "triggered limit" seems to be useful in trading with the trend. Likewise, "triggered stop" order can be useful in trading the reversal.
Is it possible to place a triggered stop order (not trialing stop) with 2 inputs - stop price and trigger price? For example, say current market price is 2690. If market goes up to 2705, then I want a sell stop loss placed at 2700. So, if the market goes up 15 points but comes back 5 ticks, I am short this market. My inputs here are trigger price:2705, stop price:2700. I am unable to find this option.
[2018-05-29 19:02:29]
Sierra Chart Engineering - Posts: 104368
There is a Triggered Stop study that exists. Refer to:
http://www.sierrachart.com/index.php?page=doc/OrderTypes.html#TriggeredStopOrderStudy
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
[2018-05-29 22:50:17]
User336964 - Posts: 29
The above order places buy stop at 2705 when market goes up to 2700 from 2690 (if offset is 20). But I want to place a sell stop order at 2700 when the market touches 2705 from 2690, i.e, placing sell stop orders below as the market goes up (not when the market comes down)

Basically, I am placing "sell stop orders in BULLISH markets" and "buy stops in BEARISH MARKETS", which is exact opposite of the existing triggered stop study I guess, right?
[2018-05-30 05:40:33]
Sierra Chart Engineering - Posts: 104368
We will look this over.
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
[2018-11-26 00:54:44]
Sierra Chart Engineering - Posts: 104368
The Triggered Stop order type has been added. It is in the latest prerelease 1847 but we are still doing additional testing.
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
[2018-11-26 00:54:45]
Sierra Chart Engineering - Posts: 104368
The Triggered Stop order type has been added. It is in the latest prerelease 1847 but we are still doing additional testing.

It should only be used in trade simulation mode until you are certain it is working properly for you.
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: 2018-11-26 00:55:05

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