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Date/Time: Wed, 21 Oct 2020 04:41:55 +0000



Trailing stop set up

[2020-09-23 21:23:33]
User948613 - Posts: 2 | Ending Date: 2020-10-31
I am trying to set up a trade template for a trade with 2 contracts and a trailing stop when price heads in direction of trade.

I have already set up a template with target price and stop price for contract 1 and 2 but cannot figure out setting up trailing stop when price moves in the trade direction and reaches a target level.

I would like the trailing stop to begin for contract 1 And 2 when trade price reaches 12 ticks "trade in the money". Trailing stop can be a market order when retrace price is touched to initiate closing order.

Can you kindly show me how to do this.

Thanking you in advance,
Hal
[2020-09-24 13:50:27]
John - SC Support - Posts: 2906 | Ending Date: 2020-10-31
You would want to use a Triggered Trailing Stop order type for your Stop Attached Order. Refer to the information here:
https://www.sierrachart.com/index.php?page=doc/OrderTypes.html#TriggeredTrailingStop

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