Support Board
Date/Time: Fri, 29 Nov 2024 23:49:41 +0000
trailing a buy/sell stop entry with attached orders
View Count: 451
| [2023-01-13 18:41:33] |
| Benz - Posts: 46 |
|
Hi Guys, i want to trail a stop entry with attached orders once my trigger price is hit So say i want my price entry to sell an order at 11500. but i dont want that sell limit order to be activated until the price reached my trigger price 11501 (4 ticks above) which then triggers the sell stop order at 11500 once it retuns 4 ticks below. However, should the price action shoot straight through and above 11501, then i want to trail my sell stop order 4 ticks behind it. Therefore, if after hitting my 11501 trigger the price shot straight up through 11504 before reversing back down then my new sell stop order entry price level would have trailed to 4 ticks below at an 11403 entry. Likewise if i wanted to set say a 12 tick trailing sell stop trigger at 11501 then my when triggered my entry would be set at 3 points/12 ticks lower - but again if the price shoots straight through to say a one direction move high of say 11510 then my sell stop would be at 11507 if it came back to that, or it would continue trailing 12 ticks behind the price if the the action once again increased above 11510 before touching my 11507 trailing sell stop. How do i do this please? Ive tried using the study and the various trigger orders. The automated trigger buy/sell stops do not appear to work correctly to me. thanks very much for your help. |
| [2023-01-13 21:32:53] |
| John - SC Support - Posts: 36350 |
|
It sounds like the Triggered Trail Stop Limit does what you are looking for. Refer to the information here: Order Types: Triggered Trailing Stop Limit 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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