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Direct MessagesDate/Time: Sun, 12 May 2024 22:34:33 +0000
Using Stop and Target in automated trading using spreadsheet
View Count: 86
| [2024-04-20 07:14:07] |
| alexo2022 - Posts: 17 |
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Every time I enter a trade I want to add automatically stop and target, The Target should be 5 ticks above the entry price if it's long, And 5 ticks below the entry price if it's short The stop should be 4 ticks below the entry price if it's long, And 4 ticks above the entry price if it's short. I know there's the trade management study, but don't understand clearly how to use it, and how to test if it works correctly. |
| [2024-04-21 00:19:31] |
| John - SC Support - Posts: 31555 |
|
For this, just make sure the "Trade Window" has the Attached Orders Setup as you want. That is, with a Target 5 ticks offset and a Stop 4 ticks offset (they will be placed appropriately depending on the Buy/Sell situation). Do enter anything in the Spreadsheet System for Trading related to the attached orders - this way the settings on the Trade Window will be used. Just make sure the option for "Use Attached Orders" is enabled on the Trade Window. Refer to the following for more information: Attached Orders 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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