Support Board
Date/Time: Sat, 23 Nov 2024 23:44:48 +0000
Leap Frog - Ratchet Stop
View Count: 1648
| [2013-08-27 19:59:26] |
| 9baller - Posts: 38 |
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I am coming from NT and want to replicate my ATM stop strategy.... I use a leap frog type of stop where: once the market moves 5 ticks in my favor... I use a 13 tick trail....and every 4 ticks it adjusts... once the market moves 13 ticks the stop I effectively have a breakeven stop but it has moved incrementally....Now once 14 ticks has been achieved the stops leaps to trail by 5 ticks....adjusted every 4 ticks... if the market explodes to 25 ticks profit...the stop relaxes a bit to trail by 7 ticks...adjusted every 4.... with this type of stop I am not concerned with protecting small gains.... but take profits only when 14 ticks is achieved....keeps ratios strong can this be done?.... I see that the stop all function does not offer differing thresholds for offset and trail |
| [2013-08-28 00:43:48] |
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You can get close to this, but not exactly. Refer to the Attached Orders documentation here: http://www.sierrachart.com/index.php?l=doc/doc_AttachedOrders.html This is the Stop Attached Order type you will want to use: http://www.sierrachart.com/index.php?l=doc/doc_OrderTypes.html#TriggeredStepTrailingStop You will also need to enable the Move to Breakeven setting on the Stop. In an upcoming version, you will be able to adjust the Step amount when using the Triggered Step Trail Stop. 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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