Support Board
Date/Time: Mon, 10 Feb 2025 15:22:01 +0000
Trailing buy stops/sell stops
View Count: 777
| [2020-08-19 12:28:46] |
| User420253 - Posts: 4 |
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I am trying to create trailing buy stops/sell stops which I am using on Thinkorswim in SC. I cannot seem to get the chase limit order to work as intended. Ex: Simple moving average. I want to buy when price crosses the SMA with a trailing buy of say 4 ticks. That means if price dives straight through the simple moving average by 8 ticks and then bounces back above the SMA, I would have triggered a buy 4 ticks below. Same applies if opposite (price is below SMA, and I want to short it with a trailing sell). Is this doable? |
| [2020-08-19 22:01:56] |
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Sierra Chart does have a Trailing Stop order type. Refer to the information here: Order Types: Trailing Stop However it sounds as though you want to use an automated entry based upon studies? 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 |
| [2020-08-20 11:13:43] |
| User420253 - Posts: 4 |
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Thank you for your quick reply! Yes, you are right. I am trying to trigger a trailing buy stop/sell stop from the spreadsheet system for trading study. The trailing stop are working fine as an attached order, but I would like to use it as an entry. Is this possible? |
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