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Date/Time: Fri, 03 May 2024 20:23:03 +0000



[Programming Help] - Multiple Entries, Multiple Targets, One Stop Price

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[2023-09-18 20:42:49]
User355030 - Posts: 163
SC Team,

I'm trying to have multiple entries, with multiple targets with one stop price level, but for some reason the "trade management by study" only shifts one of the stop loss oco orders...

e.g. Trade entry 2qty --> sell 1qty 10pts away, hold runner, stop loss = trade management by study level --> still in trade with 1qty, another trade triggers adding 2qty more to the position (total of 3qty now) with a 1qty to sell 10pts away --> current trade is 2qty, but stop loss level should be 2qty level at the "trade management by study" level and it's not... There's now 2 stop-loss orders and only one of them is at the trade management by study level.

How can I achieve this functionality?


@SCEngineering
@TomGilb
[2023-10-03 22:26:25]
pruettmt - Posts: 1
I'd also like to know if this is problem, if you ever figure it out.
[2023-10-04 14:52:48]
John - SC Support - Posts: 31360
It sounds like you have multiple Stops. You can have a single Stop for multiple targets by setting the OCO Group for the Stop to "All OCO Groups". Refer to the following:
Attached Orders: Using Single Common Stop

Otherwise, the Trade Management by Study is only going to move a single Stop.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-10-08 15:39:25]
User355030 - Posts: 163
John, thank you for the response, but this does not solve the problem. What I am trying to achieve is a trading system that has one stop level and two targerts for every entry. There will be potentially multiple entries due to scaling in.

e.g.

Trade entry #1 | Long 2 contracts, stop at level "X", target 1 = 5pts, target 2 = 10pts
Trade Entry #2 | Long 2 more contracts (total of 4 contracts now), stop at level "X" = 4 contracts, target 1 = 5pts away from entry, target 2 = 10pts away from entry.

^So on and so on.

The targets seem to work just fine, but the stop loss at "X" does not have the correct contract QTY when there are multiple scale ins.

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