Support Board
Date/Time: Fri, 10 Jan 2025 20:12:43 +0000
How to use triggered stops and triggered trailing stops in one order
View Count: 1392
| [2016-10-03 10:14:03] |
| stevenpaul - Posts: 9 |
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Hi, I am trying to use two attached stop orders in managing a trade. I don't want the stops to take effect until their triggers are reached. One stop is for .9% in the unfavorable direction from the current market price, and is triggered when price has moved 1% in the favorable direction. It will then trail tick by tick. The other stop is not trailing but just triggered. It should be triggered when price moves in the unfavorable direction from the entry price by .5% and should flatten the position when price reaches .1% in favorable direction from the entry price. I know this is a complex order and would appreciate if you could point me in the right direction. Despite studying the documentation, I don't think I understand the terms or how to set this up. Any tips would be great. |
| [2016-10-03 18:21:21] |
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and should flatten the position when price reaches .1% in favorable direction from the entry price.
This is accomplished by using a Target: Limit Attached Order. Refer to the Attached Orders documentation here: Attached Orders 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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