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Direct MessagesDate/Time: Fri, 26 Apr 2024 21:15:42 +0000
Order type for trailing stop (Sierra's TT routing)
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| [2020-01-13 15:16:25] |
| patrader - Posts: 92 |
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I have "Stop: Trailing Stop" (not Stop: Trailing Stop Limit) set as part of my auto trade management for trading the NQ. I noticed in the Trade Positions window when I had an active position in the NQ, that it was showing a stop-limit order with a 6 point (24 tick) spread between the stop price and the limit price. In the real world this will act like a plain vanilla stop order but it isn't actually a plain vanilla stop order, and there's always that freak risk that the market will leap more than 24 ticks. Why isn't a plain vanilla stop order being sent or shown in the Trade Positions window when the user selects "Stop: Trailing Stop"?
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| [2020-01-13 16:13:23] |
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Refer to: Order Types: Stop Orders on the CME 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 |
| [2020-01-13 16:52:25] |
| patrader - Posts: 92 |
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Thanks. Maybe I'm mistaken but I thought that CME accepted (as "native") plain vanilla stop orders in addition to stop-limit orders. Am I mistaken in that belief, and all CME actually does is an auto-conversion?
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| [2020-01-13 17:34:40] |
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No, they do not. All Stop orders are converted to Stop-Limit 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 Date Time Of Last Edit: 2020-01-13 17:37:43
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