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Direct MessagesDate/Time: Wed, 08 May 2024 17:34:40 +0000
Setting up a more complex trail stop
View Count: 69
| [2024-04-15 16:52:22] |
| Andreyanul - Posts: 1 |
|
Hey, let's say I enter a long position at a price of 100. The strategy that I use would have the take profit at 107,5 and stop loss at 96,25. Is there a way to make the stop loss jump at 104,5 when the price hits 105,25 and then go up tick by tick as the price does the same but only until the price hits 106 (In this case, the stop loss will be at 105,25.)? So even if the price continues to climb, the stop loss will stay at 105,25, is this possible? Thank you for your time! |
| [2024-04-15 17:46:57] |
| John - SC Support - Posts: 31466 |
|
Everything you are stating can be done by using the built-in order types, except the very last step of stopping at a specific price point. To do what you are wanting to do you would have to use the "Trade Management by Study" study, which can move your Stop based on the value of another study. In this case, we would recommend using the "Spreadsheet Study" to create the conditions you want to setup. Refer to the following: Attached Orders: Study Controlled Targets and Stops Using the Spreadsheet Study 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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