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Direct MessagesDate/Time: Mon, 29 Apr 2024 11:13:51 +0000
Average stop loss when scaling in
View Count: 768
| [2018-12-29 18:12:19] |
| User450950 - Posts: 9 |
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Hi Is there a way to have an average stop loss when scaling in? For example I sell 50.10 and have a 5 tick stop loss. My stop is at 50.15. I know scale in and sell 50.12 and 50.14 and my average price of sellng is 50.12. Is there any way for a stop to move automatically as i scale in so that now I have my average selling price of 50.12 i would want my stop to be at 50.17. Is there a setting to do this or will i have to do it manualy? Thank you in advance. |
| [2018-12-31 18:37:42] |
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In this particular case the only thing we can think of is to not use Scale In and let there be multiple stop orders and the average of them should be what you want.
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 |
| [2019-01-07 22:04:24] |
| User450950 - Posts: 9 |
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Hi Thank you for your response. Will you be implemting a feature that will autmatically adjust your stop loss to become an average? The reason I ask is that if i scale in 3 price points i do not want to manually cancel my stops that I do not need. I am scalping and trying to get in and out very quickly so this will be a slight hinderence. would appreciate if you could add such a feature in one of the forthcoming updates. Thank you for your help!! |
| [2019-01-08 04:23:44] |
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No, we do not foresee this at all. Even if hypothetically this would happen it would be years from now.
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: 2019-01-08 04:23:54
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