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How to enter bracket order with predetermend prices using Trade Window

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[2020-05-19 08:37:42] #1 [Go To First Post]
User189132 - Posts: 63
Hi, How to enter simple bracket order without using offset using Trade Window? Here is the example of the order Parent Order : Sell X of quantity 1 at 1760 with stop limit and stop child orders Child 1 Stop Limit: Buy X with Stop Price 1770 and Limit Price 1780 Child 2 Stop : Buy X with Stop Price 1781 ?

[2020-05-19 18:17:21] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
It sounds like you are looking for this option: Attached Orders: Offset Values Specifically you want to use: Actual Price(1), Price Offset(2-4) 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: 2020-05-19 18:43:25

[2020-05-20 06:29:44] #3 [Go To First Post]
User189132 - Posts: 63
This option does not let me enter Limit Price, I have to put/calculate offset myself in order get correct Limit Price Date Time Of Last Edit: 2020-05-20 06:30:11

[2020-05-20 09:54:53] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
It does support entering the actual limit price. Not sure you how you are coming to the conclusion otherwise. 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

[2020-05-20 10:06:47] #5 [Go To First Post]
User189132 - Posts: 63
See attached screen shots In confirmation dialog limit price is 20.500 based on offset that is defined in Set tab. If I set offset to 0 Limit and Stop prices are the same. I want to set offset to 0 and be able to define manually my limit and stop prices. Date Time Of Last Edit: 2020-05-20 10:07:37


TradeDomMainTab.png / V - Attached On 2020-05-20 10:05:00 UTC - Size: 60.4 KB - 254 views TradeDomConfirmation.png / V - Attached On 2020-05-20 10:05:44 UTC - Size: 76.41 KB - 250 views TradeDomTargetTab.png / V - Attached On 2020-05-20 10:07:30 UTC - Size: 63.43 KB - 255 views

[2020-05-21 00:34:02] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We tested this and what you enter for the "Stop Offset" and "Limit Offset" is the actual price with this setting: Actual Price(1), Price Offset(2-4) 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

[2020-05-21 05:31:33] #7 [Go To First Post]
User189132 - Posts: 63
Please provide step by step instructions that I can see what I am doing incorrectly.

[2020-05-25 21:11:09] #8 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We need you have a paid account for continued support. Follow these instructions to add usage time to your Sierra Chart account: 1. Select "Help >> Add Usage Credit" on the Sierra Chart software menu. You can also go to this page in your browser: https://www.sierrachart.com/UserControlPanel.php?page=ServicesActivation Login with your Sierra Chart Account Name and Password. 2. Choose the particular Service Package that you want to automatically renew and press the "Update" button. 3. Add sufficient credit to your Services Balance using any of the available payment options: https://www.sierrachart.com/UserControlPanel.php?page=AddAccountCredit For further information, refer to: Sierra Chart Purchase and License Information: Renewing Access 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

[2020-05-28 07:14:27] #9 [Go To First Post]
User189132 - Posts: 63
Hi, I subscribed for entire year for Advanced package. Show me your magic :-)

[2020-05-28 21:12:23] #10 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
What we will do is put together a Trade Window Configuration file for you. Can you give us an example of the symbol you are trading. 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: 2020-05-28 21:12:32

[2020-05-29 21:09:33] #11 [Go To First Post]
Sierra_Chart Engineering - Posts: 14092
As we go through this, this is not exactly supported: Parent Order : Sell X of quantity 1 at 1760 with stop limit and stop child orders Child 1 Stop Limit: Buy X with Stop Price 1770 and Limit Price 1780 Child 2 Stop : Buy X with Stop Price 1781 Once the stop is triggered at 1770 and the price were to move immediately up to 1780 and then beyond and then you want to get out with a stop market at 1781 or higher, then effectively this is just the same as using a stop market at 1770. We do not see any benefit to the configuration that you have. We put together a trade window configuration using a stop limit order with a 21 tick offset for the limit price. Refer to the attached Trade Window Config file. Instructions: 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, use the Teton service: Sierra Chart Teton Futures Order Routing


User189132_Strategy.twconfig - Attached On 2020-05-29 21:08:27 UTC - Size: 4.85 KB - 204 views

[2020-05-31 14:53:09] #12 [Go To First Post]
User189132 - Posts: 63
Re>"effectively this is just the same as using a stop market at 1770." Per my understanding (let me know if I am wrong) what you are saying is incorrect.A Stop limit order has two components: Stop price: when it is reached the Limit Order is sent to the exchange Limit price: the execution price of the limit order. Therefore when Limit Order is NOT executed due to market conditions, the previous Stop order is already done, that's why I want to have additional Stop order that should turn into market order at the stop order price.

[2020-06-03 06:20:31] #13 [Go To First Post]
User189132 - Posts: 63
Hi, I am waiting for response to my previous reply. Thank you

[2020-06-03 07:25:05] #14 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Yes your understanding at post 12 is correct, but we do not see how it is helping to have a Stop-Limit and then just beyond that another Stop order. Other users can comment on this as well. 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

[2020-06-03 08:07:02] #15 [Go To First Post]
User189132 - Posts: 63
Consider following scenario: Stop Limit order: Stop PX= 18, Limit PX=18.1 Market hits PX=18 the Limit order is submitted to the exchange. Market stops trading at 18.05. When trading resumes market starts at 18.2. The limit order with PX= 18.1 won't get executed but I want to flatten position. When I have a child Stop order 18.15 the market order will be sent to the exchange. Does it make sense? May be other way to think about it: Stop and Stop Limit should cancel each other when one of them is executed Date Time Of Last Edit: 2020-06-03 12:05:41

[2020-06-08 05:13:09] #16 [Go To First Post]
User189132 - Posts: 63
Hi, I am waiting for reply to my comment above.

[2020-06-12 08:55:31] #17 [Go To First Post]
User189132 - Posts: 63
June 10 and 11 for GCQ20 was good use case to what we are discussing here. On June 10th market closed at 1720.2 on 11th market opened at 1746.2. Stop Limit Loss Order at 1730 would have been on the market but not executed. OCO Stop Loss order at 1735 would have cancelled the Stop Limit Loss Order and placed Market Order. Does it make sense? If yes how can I achieve it?

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