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Date/Time: Fri, 10 May 2024 05:19:03 +0000



Trailing Stop

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[2018-11-21 11:50:18]
User489862 - Posts: 14
Hi there,

We've spent the last few days trying to figure out how to set up our required trailing stop. We have looked at your website and even searched for YouTube videos however we are still struggling. Can you please tell us exactly how we can create the following trailing strategy (we have given a long set-up example):

1) Bought at $70.00 , target will always be $71.00 (+100 ticks from entry) , stop is $69.94 (-6 ticks)

2) Price hits $70.15 (+15 ticks) , stop should move to breakeven at $70.00 (0 ticks)

3) Price hits $70.50 (+50 ticks) , stop should move to $70.30 (+30 ticks)

We will very much appreciate it if you can show us exactly how we can set this up as we have been trying but cannot find a clear solution.

Many thanks,

Shayaan
[2018-11-21 13:47:31]
Xfanman1 - Posts: 320
Add this to your data folder and select it in your Trade Window dropdown. This will do what you detailed in your post. If you look at the settings under the Target Tab once you have it selected you'll be able to see how to modify it or change it. Make sure that you save any changes you want to make under the Trade Window Menu/Save Configuration.

Obviously, test this in SIM before you use it live ;^)

--
Scott
attachment100Target6Stop.twconfig - Attached On 2018-11-21 13:47:20 UTC - Size: 6.52 KB - 279 views
[2018-11-22 09:11:30]
Sierra Chart Engineering - Posts: 104368
Here is the documentation for using a Trade Window configuration file:
Basic Trading and the Trade Window: Using a Trade Window Configuration File Provided to 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: 2018-11-22 09:11:50

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