Support Board
Date/Time: Wed, 27 Nov 2024 14:27:19 +0000
Preview bracket order on chart before entering trade
View Count: 332
| [2023-08-04 19:42:52] |
| HumblyTrading - Posts: 179 |
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Hello, I'm probably missing something obvious, but couldn't find it through initial searches. I would like to preview a trade with a Bracket Stop Loss and Take Profit on the chart, moving the lines around to the right levels. The distance to the stop loss will be used to determine the lot size of a trade (which I do based on a percent risk of equity for that trade). Is there a way to preview the trade with stop loss and take profit before actually entering a trade on the chart, or to change the size of the stop loss by dragging a line on the chart? Thank you Mike |
| [2023-08-04 22:02:02] |
| John - SC Support - Posts: 36311 |
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You could enter a Limit order far enough away from the current market (either below (Buy) or above (Sell)) and then adjust your Stop and Target from there. You would just need to ensure that the option for "Trade >> General Trade Settings >> General >> Adjust Attached Orders to Maintain Same Offset on Parent Modification" is set to "No". Refer to the following: Global Trade Settings Windows: Adjust Attached Orders to Maintain Same Offset on Parent Modification (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 |
| [2023-08-05 01:25:22] |
| HumblyTrading - Posts: 179 |
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Thank you for your response I will try that as a backup plan. Thanks! Question: Is there perhaps a way to use a horizontal line and convert it to a stop loss or Take Profit? That way, I can at least plan out where the Stop Loss should be before entering a trade... Feature Request: For traders that choose to enter a trade based on a percent of their account, it would be helpful to have the Trade Window calculate the lot/contract size based on the stop loss position. Thanks again, Mike |
| [2023-08-07 13:29:05] |
| John - SC Support - Posts: 36311 |
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Take a look at the "Trade Management by Study" study: 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 |
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