Support Board
Date/Time: Tue, 26 Nov 2024 11:25:49 +0000
Are
View Count: 198
| [2023-12-14 21:50:33] |
| User209431 - Posts: 108 |
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Are ticks the only way to move to break even? Can you create a breakeven once you are a certain amount into profit? TIA |
| [2023-12-14 22:03:17] |
| John - SC Support - Posts: 36286 |
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Refer to the information for the "Type" options for the Move to Breakeven here: Attached Orders: Type For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-14 22:12:09] |
| User209431 - Posts: 108 |
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Thanks John, I have read it all a few times, but still a bit confused. Offset in Ticks Triggered: - So I assume this works by "ticks" only, I put in 10 ticks, once the stock moves 10 ticks it moves to BE. Then I have my offset options. Trail to Breakeven: - I am assuming this is a tick for tick event? Every time the stock moves a tick in my favor the attached stop loss does as well? Trail to Breakeven Offset Triggered: - This again I assume works only in ticks. I just am requesting that the attached stop does not begin trailing until the "offset" is triggered. Again , assuming it only works in ticks. Other options I know won't work for me. Let me know if I understand correctly. TIA |
| [2023-12-15 14:21:16] |
| John - SC Support - Posts: 36286 |
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Trail to Breakeven: - I am assuming this is a tick for tick event? Every time the stock moves a tick in my favor the attached stop loss does as well?
Yes, you have this correct. The Stop will stop moving once it reaches the Break Even point that is set (including the offset) Trail to Breakeven Offset Triggered: - This again I assume works only in ticks. I just am requesting that the attached stop does not begin trailing until the "offset" is triggered. Again , assuming it only works in ticks.
This works the same as the "Trail to Breakeven", but it will not start moving until price has moved the number of ticks into profit. You are also correct that these options are set by Ticks, there is not another way to set 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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