Support Board
Date/Time: Thu, 12 Jun 2025 08:02:42 +0000
2 TARGETS - TRAILING STOP CONFIGURATION FAILING TO RESULT IN INTENDED TRADE SETUP
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| [2022-11-07 13:46:11] |
| User898917 - Posts: 31 |
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Hello John, Thanks for your prompt assistance which I found very helpful. Moving on to the crucial aspects of my Trade Window setup, after attempting to fathom the documented information for configuring the simple trade setups – that is, beyond the simple Bracket orders for 1 Entry attached to 1 Target & 1 Stop Loss, which I can perform – I’m somewhat baffled as to the Trade Window configuration options when attempting to setup a not too complicated trading strategy, which I shall describe as follows: The Trade Setup I attempted to configure was: 2 Targets. Target 1: 12 Ticks Target 2: 28 Ticks Common Trailing Stop Loss on Market Entry offset @ 6 Ticks. This Setup assumes: When trade is initiated as a Market Buy or Sell order, the Trailing Stop Loss follows Price tick-by-tick toward Target 1 that, when filled, takes 12 Ticks Profit. Therefore, the 6 Tick Trailing Stop has reach 6 Ticks behind Target 1. and continues to follow Price towards Target 2. I did attempt to set this up with ‘Use Attached Orders’ Trailing Stop Loss option as Simulated Trading, but found that when the Stop was hit prior to reaching a target, the 2 Targets remained in force while the loss continued to increase as Price moved against me. Thus, I’m at a loss for how to choose from the all too various Stop Loss options, and your assistance in this mind-boggling dilemma would be gratefully appreciated. Please view the following examples to check my assumed calculations. When Target 1 @ 12 Ticks is filled, the profit is secured while the 6 Tick Stop Loss trailed equally by 12 Ticks toward Target 1 - reaching 6 Ticks behind the filled Target price of Target 1. If Price continues to advance in the Buy/Sell trade direction, and reaches, for example, a further 10 Ticks towards Target 2 (that is 4 Ticks beyond the filled Target 1 price point) but then falls back to hit Target 2’s 6 Tick Trailing Stop Loss, then the 2nd Target closes with a further 4 Tick profit. That is: Target 1 = 12 Ts + Target 2 = 4 Ts = 16 Ticks Total Profit. Example 2. When Target 1 @ 12 Ticks is filled, the profit is secured while the Stop Loss trailed equally by 12 Ticks toward Target 1 – that is, 6 Ticks behind the filled target price of Target 1. If Price continues to advance in the Buy/Sell trade direction, and reaches, for example, a further 6 Ticks towards Target 2 (so the Stop Loss has reached Target 1 price point) but price then falls back to hit Target 2’s 6 Tick Trailing Stop Loss, then the 2nd Target order is closed at Break Even. Thus only Target 1's 12 Tick profit is secured while Target 2 Breaks Even. I'd be grateful if you could throw some light on the following questions: 1. Have I understood and calculated correctly? 2. Why did my Trailing Stop not cancel (OCO) the 2 Targets with a 2 x 6 Ticks Loss when hit and instead continued to increase my loss as price moved against me? 3. How should this trade be configured on the Trade window? Thanks Graham Denney |
| [2022-11-07 23:25:42] |
| John - SC Support - Posts: 40376 |
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1. Everything sounds good in what you are expecting. 2. The only thing we can think is that you did not set the Stop OCO group to All OCO Groups. Refer to the following: Attached Orders: OCO Group (Group) 3. Refer to the following example, which isn't exactly what you want, as you do not want the Move to Breakeven, but it should give you what you need to get setup: Attached Orders: 2 Targets and Common Stop with Move to Breakeven on First Target There are other examples as well involving a common Stop. Take a look at them as well. 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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