Support Board
Date/Time: Sun, 24 Nov 2024 18:31:37 +0000
Multiple Stops in the Same OCO Group?
View Count: 211
| [2024-05-09 22:48:32] |
| User408093 - Posts: 3 |
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I have an Attached Order setup that consists of the following orders in the same OCO group: - A Target Limit - A Stop Triggered Limit with Chase, such that after the trigger price is met, a limit order that's one tick better than the trigger price is submitted and chase the market price if it continues to move against me. Since there is no guarantee that the Stop Triggered Limit Chase order will be filled if the market just runs in the direction against me, I want to add another Stop order further out to this same OCO group to act as a hard ceiling for how much the Stop Triggered Limit can chase before the position is flattened and the entire attached order group is cancelled. So the resulting OCO group will have 2 stops and 1 target, and if any one of them gets filled the rest are cancelled. To better illustrate this, say I enter a long position at the price of 100, and the stop trigger is at 95 with a limit price of 96. Once the price drops to 95, the sell limit at 96 is activated. The price keeps moving downward and the sell stop limit keeps chasing it but never gets filled. Once it drops to 90, another stop order at that price will flatten my long position and cancel the target order and the stop limit chase order. I couldn't figure out a way to do this in the trading window. Is this possible with the GUI or ACSIL? |
| [2024-05-09 23:27:51] |
| Sierra_Chart Engineering - Posts: 17156 |
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This is definitely not possible through the standard Attached Order functionality but you certainly could develop something using ACSIL: Automated Trading From an Advanced Custom Study 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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