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Direct MessagesDate/Time: Sun, 05 May 2024 09:40:33 +0000
How do I trail a stop to breakeven for multiple limits
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| [2014-08-14 18:45:02] |
| User28317 - Posts: 147 |
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https://www.sierrachart.com/Download.php?Folder=SupportBoard&download=3154 What I am trying to do right now is to buy 3 contracts with an 8 ticks stop, sell 2 at a 4 ticks profit, and have the stop for the remaining contract go to breakeven as soon as that sell order is executed, while its sell order (the one for the third, remaining contract) stays at an 8 tick profit. Is this the correct way to do it? By putting a positive or negative number in te BE Level Offset I could do the same, but with the new stop at the specified number of ticks above or below the breakeven level, is it correct? |
 Example 01.JPG / V - Attached On 2014-08-14 18:40:47 UTC - Size: 51.61 KB - 530 views |
| [2014-08-15 02:24:40] |
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This looks correct. The only thing is that you are using a Trailing Stop-Limit order for the Stop. Not sure that is what you intended. The documentation for the Breakeven Level Offset can be found here: http://www.sierrachart.com/index.php?page=doc/doc_AttachedOrders.html#MoveBreakevenForStop If you want to stop to move exactly to break even when the first Target is filled, then leave it at 0. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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