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Direct MessagesDate/Time: Sat, 27 Apr 2024 16:40:47 +0000
Changing type of STOP after OCO trigger
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| [2020-05-28 01:40:05] |
| User831284 - Posts: 5 |
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Have OCOs set for 2 contracts: Initial Entry -16t STOP / +24t LIMIT Once initial limit hits, my runner moves to breakeven. How can this hard STOP order be changed to a trailing or step at this point? If it is set as a trailing stop initially, it moves before the first limit is hit. Is it possible for the type of stop order to be changed at this point or is this something I would need to manage via Trade Management by Study / modifyOrders with Spreadsheet? |
| [2020-05-28 02:17:58] |
| ondafringe - Posts: 248 |
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I don't use trailing stops anymore because it leaves you too exposed should you experience a computer/power/connection issue, but on the original order, you could just set the stop on the second contract to Stop: Triggered Trail Stop and have it triggered when the first contract hits its target. Or you should be able to setup another order type for 1 contract with a trailing stop configured the way you want. Then when the first contract hits its target, you could cancel the stop on the second contract, then change the Trade Window to the 1 contract order with the trailing stop, right-click on the edge of the DOM (be careful where you click so you don't accidentally enter another order), and click "Send attached orders by position" (or price). I think that would work, as well. Date Time Of Last Edit: 2020-05-28 02:36:19
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| [2020-06-03 18:08:41] |
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Refer to: Attached Orders: Changing Attached Orders Configuration After Parent Order Has Filled You should also use a Triggered Trailing Stop: Order Types: Triggered Trailing Stop 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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