Support Board
Date/Time: Mon, 03 Mar 2025 21:43:50 +0000
[User Discussion] - Recommendations for starting a position by setting a stop
View Count: 418
| [2021-11-05 13:47:27] |
| User166108 - Posts: 73 |
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Hi there, I've been enjoying using the scaling in/out functionality but I wonder if there is a way to make it even better. What I'd like to do is start a position by setting a stop (i.e., not an entry!) and build my position around that stop. Is that possible? If not, any recommendations that aren't clunky? I've tried creating a horizontal line to represent the stop but it's very clunky to get it to stand out against other studies as I have to select a config. Maybe a custom tool shortcut that defaults to a config? Thanks. |
| [2021-11-05 15:07:09] |
| John - SC Support - Posts: 38341 |
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Have you tried using a Stop Limit, which would set the order in place, but it would not fill until the price got to that point. Refer to the following: Order Types: Stop-Limit For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-11-05 15:31:45] |
| User166108 - Posts: 73 |
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Hi John, Yes I did try this, but it appears the scale in/out does not use that stop. |
| [2021-11-05 15:41:21] |
| John - SC Support - Posts: 38341 |
|
Ok, we see what you are trying to do now. Sorry, we did not understand at first. You are correct, the Scale In/Out are only going to work when there is a nonzero trade position (as stated at the beginning of the sections for Scaling In/Out).
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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