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Date/Time: Thu, 25 Apr 2024 06:24:50 +0000



Auto-move target if stoploss is moved

View Count: 765

[2020-11-23 00:47:52]
User290496 - Posts: 56
Hi,

Is there a built-in way that would provide the following order modification functionality:

I place an OCO order with a stop-loss and two targets.
If I move the stop-loss further back manually after the order is placed, can the first target move up automatically in a certain ratio.
E.g. I move the stop-loss back two ticks, causing the first target to automatically move up one tick; thus keeping the original risk/reward roughly the same as when the order was placed.
[2020-11-23 06:41:49]
Sierra Chart Engineering - Posts: 104368
There is not direct support for this but it could be developed as a custom study using ACSIL. Refer to:

Automated Trading From an Advanced Custom Study
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
[2021-05-09 17:43:44]
User200064 - Posts: 30
Is this functionality still not supported?

If not, could you work on it for future releases? I think is a feature that many users would find valuable, thanks
[2021-07-04 22:14:37]
Sierra_Chart Engineering - Posts: 14076
We will see if we can get this implemented in the next release.
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

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