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Date/Time: Sun, 22 Dec 2024 21:12:04 +0000



Atm strategy with 3 orders

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[2015-01-29 11:21:56]
traderbcn - Posts: 10
Hi,

I would like to setup an atm strategy with 3 orders.

first order target: 5 ticks
second order target : 10 ticks
third order would be a runner with a trailing stop of 8 ticks which starts when the second target 10 ticks is reached
The Stop Loss of 5 ticks would have to move to the breakeven when first target of 5 ticks is reached.

Could you explain me how i can setup it, i can setup the 2 orders with the breakeven but i don't understand how to setup the third order with the trailing stop 8 ticks which starts when the second target 10 ticks is reached.

I tryed reading the documentation but i don't understand.

Thanks



Date Time Of Last Edit: 2015-01-29 11:55:16
[2015-01-30 19:54:03]
Sierra Chart Engineering - Posts: 104368
You will need to use the Triggered Trail Stop order type for this third stop order:
http://www.sierrachart.com/index.php?page=doc/doc_OrderTypes.html#TriggeredTrailingStop

Based upon what you want, it sounds like you need 3 separate Stop Attached Orders, each in a separate OCO Group. So do not use All OCO Groups and a single stop order.

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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