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Direct MessagesDate/Time: Fri, 26 Apr 2024 11:02:05 +0000
How to move stop to profit point after a specific price has been reached
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| [2014-03-27 15:03:54] |
| User33552 - Posts: 23 |
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How do I do this? Would like to move my stop to a profit point if market moves my way by “X” ticks. Example… 100 entry point 130 target 120 = proximity price (if price gets here I want to move stop to a new stop) 105 = the new stop (+5 for this example) Thank you |
| [2014-03-27 18:32:33] |
| vegasfoster - Posts: 444 |
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http://www.sierrachart.com/index.php?l=doc/doc_AttachedOrders.html
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| [2014-03-27 18:50:46] |
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Did you want to move it only once and that is all?
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 |
| [2014-04-13 15:32:00] |
| User33552 - Posts: 23 |
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I would like to move the stop 2x. It is kind of like a combination of stop to break even and trailing stops on parts of the trade. Instead of the way I initially posted the question, perhaps the question might be better stated this way: "Is it possible to combine a fixed stop, a stop to break even (with a target change) and a trailing stop into 1 trade?" If that can be done, where would I find instructions? Example: Place a trade of 3 lots all having the same initial stop but targets and stops on the last 2 lots are changed when lot target is reached ...when target is reached, close 1st lot and ...change stop on 2nd lot to break even and set a new target for that lot, and ...change stop on 3rd lot to trail by 20? Thx! Date Time Of Last Edit: 2014-04-13 15:32:50
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| [2014-04-14 18:38:19] |
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We can only provide some general information here because it is not completely clear what exactly you want to do and it is best that you configure Sierra Chart to what you require by relying on the documentation. You will need to use 3 separate Attached Order stops. Not one common stop. You will need to use the Triggered Trailing Stop You will need to use the Trailing Stop You will need to use the Move to Breakeven function for stops. Here is the relevant documentation: https://www.sierrachart.com/index.php?l=doc/doc_OrderTypes.html https://www.sierrachart.com/index.php?l=doc/doc_AttachedOrders.html 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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