Date/Time: Tue, 27 Feb 2024 01:32:54 +0000
Scalping DOM emergency stop only possible?
View Count: 251
|Woodzy - Posts: 30
When scalping the DOM I want quick in and out not messing around moving OCO or attached orders, but rather doing it all manually just using the bid & offer columns. Currently I do not use any attached orders, but I would prefer to enter trade with an emergency stop in place and have this automatically cancel when position is flat. I don’t want to use the Trade flatten and cancel button to close trades because I’m trying to pick my price on the DOM.
Also if I attach a stop to my trade then when I go to close out the trade using either the bid or ask column, another stop is placed and I’m left with 2 active stops one above and one below price.
I’ve attached an image to help explain what I mean, but I don't think what I'm asking for is possible, thanks
|Sierra_Chart Engineering - Posts: 12977
You will want to use Attached Orders and configure it for a single stop only (This will be the emergency stop):
Attached Orders: Step-By-Step Instructions
Enable the Scale Out option:
Attached Orders: Scaling Out
Enable this option:
Basic Trading and the Trade Window: Main/C >> Menu >> Orders >> Cancel Orders on Flat Position (chart specific)
All of the above will accomplish what you want.
Sierra Chart Support - Engineering Level
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