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Direct MessagesDate/Time: Sat, 20 Apr 2024 05:09:34 +0000
multi trade management by study with separate exit quantities and price levels
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| [2021-06-03 18:11:48] |
| User185210 - Posts: 57 |
|
Hello, I am using the Trade management by study with scale in and scale out. when I add a position, the stop quantity increases by the added quantity. When the stop is touched, 100% of the position is closed. I would like to have the following: example: entry 1, qty =1, entry 2 qty 1, stop is the same price as previous (scale in, total stop qty =2) entry 3, qty 1, stop is again same price as previous (scale in) total qty=3) I would like to be able to move independantly two stops using trade management by study: same example as before BUT: trade management by study moves a first stop with quantity 2 and let the previous stop where it is with quantity 1, then later when the firt stop is touched the second stop moves with qty 1. Is that possible? and how? Thank you for your help, Paul |
| [2021-06-07 14:52:07] |
| John - SC Support - Posts: 30976 |
|
In order to be able to move the Stops independently, you have to NOT use the Scale In option. That way, they are handled as separate items and can be moved separately. Refer to the following: Attached Orders: Scaling In But, in terms of the Trade Management by Study, it is typically going to just move the closest Stop order to where you want it. Once that stop is gone, then it will move the next nearest and so on. It may actually do exactly what you are looking for, but play with it in Simulation Mode first to ensure that you understand how it is going to function for you. 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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