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Date/Time: Sun, 24 Nov 2024 05:06:53 +0000



Post From: Need Help-Exit Position With Limit Order and Cancel All Other Orders If Filled(In 1 Step)?

[2024-03-26 04:04:12]
User740504 - Posts: 110
"This option is not recommended to be used and is inherently unsafe to be used."

absorrel4, did you ever have a problem with the warning Sierra Chart suggests? If I set this toggle to on I am warned that this is very unsafe behavior. I need this behavior, however, and wanted to ask if you ever had a problem with this functionality and if you made it work for you successfully.

I'm in the process of averaging into a position with limit orders away from current price, with a pre-placed stop loss, a pre-placed take profit target, but don't want it to reach my take profit without filling the open limit orders and then having them open on the book. The idea is to set the trade and forget it, with all open orders cancelled once the take profit or stop loss is reached, even if the resting limit orders were not filled because price didn't retrace to those levels. I'm currently having to manually sit here and watch the trade play out because I'm both afraid of having open orders on my book and using the "unsafe" DOM functionality.

Any insight would be appreciated. Thank you.
Date Time Of Last Edit: 2024-03-26 04:07:41