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Date/Time: Sat, 22 Jun 2024 07:33:43 +0000



question trailing stop

View Count: 652

[2018-11-15 15:42:20]
AKR - Posts: 523
Is it possible to set up a trailing stop that first trails in steps and then when a defined level is reached just trails 1:1 with price?

eg: I want stop go to BE after 2pts. then move 2pts when price is at 4pts and an other 2 pts when price is at 6pts. then when price is at 7pts i want it to trail behind 0.5 pts. so if it goes from 6 to 8, stop should be at 7.5 already.

possible?
[2018-11-15 19:28:55]
Sierra Chart Engineering - Posts: 104368
No, this is not supported.
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
[2023-03-08 05:36:08]
User624595 - Posts: 188
Is this still the case? Is there any way to tighten a trailing stop as price moves further in favor?
[2023-03-08 14:52:49]
John - SC Support - Posts: 32515
There is not a built-in order type for this. You could do this using a custom study. Refer to the following:
Automated Trading From an Advanced Custom Study
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing

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