Support Board
Date/Time: Mon, 10 Mar 2025 13:11:04 +0000
Post From: Upcoming Webinar *Today* March 24th - Executing Trades using Sierra Chart (Ross Bishop The Pit)
| [2022-03-22 19:54:18] |
| User676363 - Posts: 80 |
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I've used OCO (one cancels other) meaning it's a bracket order between SierraChart and Tradovate. I like how easy SierraChart makes it to configure a one-click order brackets on the chart. Any routing for Forex or are there only Futures brokers? Might be nice to know if there are tools for trading Forex and for those situations and what tools are available for calculating position sizing based on percent risk of account. I've seen some nice tools for MT4 such as this one https://www.mql5.com/en/market/product/30750 and the risk/reward tool in SierraChart is great, but I sort of would like something that would let me put everything on the chart visually and then hit the execute. Obviously, it's nice to have the order sent to the exchange without any concern about losing the computer connection or have a crash because the full open, stop, and take profit are all in the market and will be executed server side. Tradingview has introduced a nice little slider with their orders so you can put an entry and then drag a TP to set the profit and a SL for your stop loss to build a bracket order. Once everything is where you like it in term of risk, you can move the order to the entry location on the chart. The order system in SierraChart, as I've seen it doesn't have this type of ad-hoc visual nature to it. You have to plan ahead and make named configurations for the basic setups such as if you want multiple take profits and one stop loss and how much risk you are putting on etc. So if there are features in SierraChart that would make that portion of order entry more fluid and visual while showing risk taken, that might be really helpful to see... |