Support Board
Date/Time: Fri, 22 Nov 2024 10:41:22 +0000
Closing orders in tiered manner
View Count: 82
| [2024-10-16 19:30:11] |
| arunatg - Posts: 1 |
|
Hi, I am trading with 4 contracts and don't have a take profit/limit target set, but stoploss is set, now my trade is in profit and I want to close 2 contracts, so I change the value in stopploss from 4 to 2 and move it to a position where I want to take profit. Target hits and 2 orders are closed. Now, I still have 2 orders running in profit, but I don't have any way to create another take profit/limit order for these two contracts. I am sure there is a way, it is just that I am not able to find it. Can you please help with it? Thanks, T |
| [2024-10-16 22:13:50] |
| John - SC Support - Posts: 36203 |
|
If you know you will be closing out 2 contracts at a certain point, then the easiest thing to do would be to setup 2 Stop orders, each with a quantity of 2, and set one of them to move to Breakeven with a trigger and an offset that will place it where you want it to be without your having to actually move it. But, even if you want to move it manually, this would still be the easiest way to ensure that you have a total quantity of 4 to cover the situation. Otherwise, if you continue to follow the process you are using, then you would want to send another Stop with a quantity of 2 by using the "Send Attached order by Position/Price". Refer to the following: Order Types: Send Attached Orders - Position/Price 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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