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Date/Time: Sat, 18 May 2024 03:36:04 +0000



Study or Program for FUTURES risk management - Multiple Entry, Open Orders, Targets

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[2019-07-03 06:30:38]
NCooley - Posts: 20
PROBLEM
Intraday Trader here, looking to enter many orders for the one position. It is difficult/near impossible to manually enter 50 x 1 contracts for example and then even more difficult to manually move them (risk/take profit) when I should be focused on orderflow.
Is there a program or study that will ENTER these positions when I ask it to (@ market) with the amount of orders and contracts for each, I desire?
A program that can move ALL open orders at once to a price point without having to move one by one?

Also is there a program that can calculate and FLATTEN 1/2 the open positions?

Basically looking for a BE button but instead of BE it can
- move open orders to certain price point of choice (risk/take profit levels)
- FLATTEN 1/2 or 1/3 of open orders. (multiple targets)

Thank you.
[2019-07-03 16:29:08]
Sierra Chart Engineering - Posts: 104368
Certainly this can be developed using the ACSIL Trading functionality:
Automated Trading From an Advanced Custom Study

Which is a programmatic interface for trading.

And by looking at the studies in the /ACS_Source/OrderEntryStudies.cpp file you can find many examples of order entry studies and the method by which those are triggered through the user interface like menus.
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: 2019-07-03 16:30:03
[2019-07-04 02:55:36]
NCooley - Posts: 20
Thank you for response.
I am loving the scale IN/OUT.

My only issue now is, how to have multiple targets using the scale in/out automatically?
Any way without manually changing target and having to add new limit orders?

any ideas?

thanks.
[2019-07-05 17:24:55]
Sierra Chart Engineering - Posts: 104368
It sounds like you do not want to even be using Scale In, therefore every new order added to the existing position will have its own set of Attached Orders.
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

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