Support Board
Date/Time: Sun, 24 Nov 2024 12:34:31 +0000
2 Targets with BE Stop Assistance
View Count: 230
| [2024-06-02 15:46:56] |
| Daniel Gonzalez - Posts: 14 |
|
Hello, I'm trying to figure out how I can create a bracket with 2 Targets with a breakeven stop. Ideally, I would like for my stop loss to jump to breakeven as soon as my first target is met and then for my stop loss to trail the price as the price moves closer to my 2nd target to protect my gains from the first target. I'm unsure of how to set up the break-even stop settings, ie. which category the stop loss should be in and how to make it trail after 1st target is met. Just to reiterate the steps I'm looking for, are as follows. 1. Enter trade with 2 targets. 1st target is 6 ticks and the second target is 15 ticks. 2. As soon as 1 target (6 ticks) is hit, stop loss gets moved up to breakeven. 3. As the price moves closer to my 2nd target (15 ticks), The stop loss is trailing and protecting the stop loss with guaranteed gains. 4. Price hits 2nd target of 15 ticks or the price hits the trailing stop that is above the original point at which the trade commenced. Thank you |
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| [2024-06-03 15:05:18] |
| John - SC Support - Posts: 36238 |
|
Refer to the following: Attached Orders: Target with Move to Breakeven and Trail Stop Example 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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