Support Board
Date/Time: Thu, 28 Nov 2024 21:49:38 +0000
Same number of attached orders after closure
View Count: 265
| [2023-04-05 10:37:02] |
| User102059 - Posts: 2 |
|
Hello, I have 2 questions, let me get straight to the point with an example to understand it more quickly: I place a market sell order with a stop at 15 ticks and a profit target at 30 ticks (using "scale in"). The market goes against me by 10 ticks, so I place another market sell order that, thanks to "scale in", puts the same stop and profit target. The market goes in profit by 15 ticks. Now, with the help of another trade window that has neither target nor stop, I buy 1 contract at market, which correctly closes one of the two orders I placed. The problem is that it leaves me with the two attached orders, and I have to click on the quantity in the chart and set it to 1. Is it possible to automate this process? So if there were 4 total orders with their respective targets and stops, I would like to buy 2 contracts at market in the same example and still have 2 orders in execution with targets and stops, not 2 filled orders and 4 target and stop orders. Second question: Is it possible to use "scale in" for the stop, and "scale out" for the profit? Or is there a way to always have the same stop for any contract in progress while having the ability to move the profit target as desired? Of course, always with the ability to close a desired number of contracts at any time, with the method mentioned above, or if you have a better one to suggest, which carries its attached orders. Thank you very much in advance to everyone. |
| [2023-04-05 14:31:00] |
| John - SC Support - Posts: 36350 |
|
It sounds like you do not have the option for "Scale Out" enabled. If this is enabled then when you place the Buy order, the Attached Orders should reduce the quantity of the Buy order. Refer to the following regarding "Scale Out": Attached Orders: Scaling Out Or is there a way to always have the same stop for any contract in progress while having the ability to move the profit target as desired?
We are not quite certain what you are asking here, but in general, you can have a single Stop and multiple targets. Refer to the following, particularly with regards to the "Common Stop" or "All OCO Groups": Attached Orders: OCO Group (Group) And you can also move the position of the Target separate from the Stop, unless you have the option for "Maintain Same Offset Between Target and Stop Attached Orders" set to "Yes". Refer to the following: Global Trade Settings Windows: Maintain Same Offset Between Target and Stop Attached Orders (Global Settings >> General Trade Settings >> General) 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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