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Direct MessagesDate/Time: Mon, 06 May 2024 04:36:00 +0000
Targets as multiples of risk (i.e. 1R, 2R, etc)
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| [2019-05-25 15:45:37] |
| Yoda - Posts: 106 |
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I have gone through the documentation on the Trade Window and cannot figure out how to set an entry price, a stop limit price and then have SC calculate targets as multiples of the risk. For example: AMZN is currently at 1828 and I would like to trade it long using a: a. Buy Stop Limit @ 1832 (enter when price hits 1832) b. Stop Limit @ 1822 (stops out once in the trade and price moves down to 1822) c. Have the system automatically place a target at 1852. Which in this case is calculated based on 2 times the risk (1832 + (2 x (1832 - 1822))) Current issues: 1. It does not appear possible to enter in a stop limit price i.e. 1822 in the Main tab of the Trade Window. I only see options to set a stop offset in the Targets tab. Each of my trades have different stops, so using stop offsets do not work; and 2. I cannot find the option to have SC calculate the targets based on multiples of risk. If the above is possible, can someone please refer me to the documentation. If the above is not possible, I ask that SC please consider adding this to the program. |
| [2019-05-28 11:24:52] |
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Update to the current version: Software Download: Fast Update There is a new Offset Type for Attached Orders that supports entering a specific price. The other items you are asking for are 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 Date Time Of Last Edit: 2019-05-28 11:25:08
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