Support Board
Date/Time: Wed, 22 Jan 2025 19:46:05 +0000
Horrible slippage
View Count: 1499
| [2018-10-10 14:40:05] |
| Chikot - Posts: 21 |
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I need help urgently. I previously used Ninja trader and never had any issue with setting stop limit with 1 tick allowance for slippage. Now, I set stop limit for short CL at 73.99. My order was filled at 73.90.Before setting stop limit order. i set offsets at Set windown at 1 tick for everything. I clicked mouse right button at 73.99. There was stop limit along with price set on main window. Order was set and slippage was 9 ticks. Yesterday I suffered slippage of 6 ticks. I I enter mostly with stop limit hence I need to once and for all fix this issue to have slippage of no more than 1 tick. How can I do it and how I set stop limit order to achieve this. Thank you. |
| [2018-10-10 18:00:42] |
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Make sure the order you are using is actually a Stop-Limit order and how to set the Limit offset is explained here: Order Types: Stop-Limit The other thing is make sure you are setting the Stop-Limit Order Limit Offset on the correct Trade Window: Basic Trading and the Trade Window: Trade Window Settings Not Applying to Chart or Trading DOM 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 Date Time Of Last Edit: 2018-10-10 18:01:09
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| [2018-10-11 10:00:01] |
| Chikot - Posts: 21 |
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Thank you. I was placing Stop limit on the drop out window and setting price at which I want to enter. Then I set all offsets at Set section at 1 tick. Still, I got filled 6 and 9 ticks away which never happened with Ninja. While using Ninjatrader, I was basically placing stop buy or stop sell and there is option directly on DOM to set maximum allowed slippage which I was setting at one tick. Now, could you please help me with this issue by explaining how I can set either Stop Buy or Stop Sell to limit my slippage to 1 tick. If it is possible on Sierra Chart. Otherwise I wonder if I did everything correctly with Stop limit set up, because I was told that I was entering with Stop buy and sell, not stop limit and I was filled at the proce I set when it wa snot so. I always use either buy stop or sell stop or plain limit order hence it is one time issue. Thank you |
| [2018-10-11 10:33:35] |
| Chikot - Posts: 21 |
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I see that on Main trade window Stop price means where is my stop loss is. I was setting it actually at the price of entry not stop loss. I actualluy have my stop loss and take profit set in advance in targets section. So, I set everything this way. I set Stop Limit on Main Window orders types. I set Stop loss price at 0.00, because I have stop loss and take profit set at Targets. Now, at Set section I set Stop-Limit Order Limit Offset >> Primary Orders at 1 tick. Is this correct way to set Stop limit with maximum 1 tick slippage from where I set my buy or sell order? Do I set stop limit order same way as regular buy or sell stop order by clicking mouse on the right above or bellow the price I want to enter?
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| [2018-10-11 10:53:44] |
| Chikot - Posts: 21 |
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With these parameters I set confirmation and clicked above the price I wanted to entered on Simulator. Confirmation says it is Stop order. Not stop limit.
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| [2018-10-11 21:41:21] |
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Okay we understand what the problem is. You need to set the Chart DOM to use Stop-Limit orders. Refer to the instructions here: Global Trade Settings Windows: Chart DOM Settings It is currently set for just Stop Market orders. 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 Date Time Of Last Edit: 2018-10-11 21:41:42
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