Support Board
Date/Time: Wed, 27 Nov 2024 22:42:37 +0000
Trail stop follows each open of the previous candle
View Count: 351
| [2023-07-03 17:33:33] |
| Hopeman - Posts: 166 |
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Hello, I would like to know if it is possible to make a trail stop that follows the previous open of the wing and follows the price from open to open. Thank you |
| [2023-07-03 17:39:56] |
| John - SC Support - Posts: 36350 |
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You would need to use the "Trade Management by Study" to do this. If you want the current Open, then just use the Open. Otherwise, you would have to use a Spreadsheet Formula with the following formula: =ID0.SG1[-1] Which will give you the Open of the second to last bar. Then use this as the reference in your "Trade Management by Study". Refer to the following: Attached Orders: Study Controlled Targets and Stops For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-03 17:58:21] |
| Hopeman - Posts: 166 |
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Hi John, thanks for answering. I have two spreadseht formulas with one formula for shorts =O[-1]+4*TICKSIZE And another for long =O[-1]-4*TICKSIZE now I have two TMBS one for each formula with 20 tiks and OCO 1 group My question is if it is necessary to activate the attach order in the trade window with a stop at 6 points and a target or is it not necessary? I ask this because it seems that it doesn't work well, thanks |
Long.png| [2023-07-03 21:26:56] |
| John - SC Support - Posts: 36350 |
|
You have to have an attached order for the "Trade Management by Study" to manage. And you would need two copies of the "Trade Management by Study" - one for the Stop and one for the Target, if you are going to manage both of them.
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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