Support Board
Date/Time: Tue, 26 Nov 2024 17:18:59 +0000
TP/SL shifts during live trade
View Count: 352
| [2023-10-31 16:15:30] |
| User746875 - Posts: 30 |
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I entered a "Sell Stop" trade on the DOM for ES. Specifically, my entry was 4167.50; SL was 4172.50; TP was 4166.50. Once the market hit my 4167.50 entry, all my markers shifted by 0.25! Now, my SL shifted to 4172.25; TP shifted to 4166.25; and my entry shifted to 4167.25! What happened? This happened during a live trade. Fortunately, I did hit the modified/shifted TP. But, this could be a major issue next time. I included snapshots of the market approaching my entry price and the shifts once my entry price was hit.
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 approaching entry.bmp - Attached On 2023-10-31 16:14:50 UTC - Size: 2.11 MB - 142 views hitting entry.bmp - Attached On 2023-10-31 16:15:01 UTC - Size: 3.21 MB - 172 views |
| [2023-10-31 18:27:11] |
| John - SC Support - Posts: 36300 |
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To start with, your order filled at 4167.25 because that is where the price moved to before your particular order could be filled. To help avoid this, you could use a "Sell Stop Limit", but then you may not get filled at all, or if you have a quantity greater than 1, then you may only get a partial fill. The point here is that this is how the market works. With regards to your SL and TP, you must have the setting for "Adjust Attached Orders to Maintain Same Offset on Parent Modification" set to "Yes". 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 |
| [2023-10-31 19:41:12] |
| User746875 - Posts: 30 |
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So, the market skipped over my 4167.50 entry and winded up filling at 4167.25 instead?
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| [2023-10-31 22:00:57] |
| John - SC Support - Posts: 36300 |
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The market was moving down and hit the price of 4167.50, but there was not enough liquidity to fill your order at that price level, but there was enough to fill at 4167.27. Again, this is how the market works. If it didn't price would never move.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-11-01 00:37:27] |
| User746875 - Posts: 30 |
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Is there a log I could look at to see what the liquidity is at a certain price?
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| [2023-11-01 02:44:08] |
| Sierra_Chart Engineering - Posts: 17182 |
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No.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-11-13 13:36:44] |
| User78442 - Posts: 260 |
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I use Attached orders for stops & take profits. On a recent GC trade my stop (Stop:stop) on order fill changed to a Stop-limit order with a 50T limit ... I also checked and Stop orders on the DOM now are not standard stop orders but Stop-limit orders with 50T limits...any ideas?
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| [2023-11-13 15:59:40] |
| Sierra_Chart Engineering - Posts: 17182 |
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Refer to: Order Types: Stop Orders on the CME Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation 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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