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Direct MessagesDate/Time: Thu, 02 May 2024 20:59:09 +0000
Move to Breakeven for Stop Step 3 needed
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| [2018-11-28 07:22:40] |
| ILIM KIRGIZ - Posts: 187 |
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Hi there, I'm working on configuring my trade order configurations. I first read related documentation here https://www.sierrachart.com/index.php?page=doc/AttachedOrders.html#AttachedOrdersExample. My Target Type: Market If Touched Client MY Stop Loss Type: Stop with the Last Triggering I have a common stop with 4 profit targets. Below is an example of a long trade. Initial stop loss distance: R 1. Sell 1/4 of the initial quantity when 1.2R reached @ Target 1 and move stop loss to breakeven. I can do this via Step 1 under "Move to Breakeven for Stop". 2. Sell 1/4 of the initial quantity when 2R reached @ Target 2 and move stop loss to entry price + 0.5R. I can do this via Step 2 under "Move to Breakeven for Stop" 3. Sell 1/4 of the initial quantity when 4R reached @ Target 3 and move stop loss to entry price + 3R. I could not find a way to perform the last stop move. 4. Sell remaining when target 4 reached. How can I achieve moving my stop loss at step 3 defined above? Thanks. |
| [2018-11-28 17:32:56] |
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There is not a support for third step for the Move to Breakeven functionality. So we do not not have another suggestion.
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 |
| [2018-11-28 17:50:20] |
| Xfanman1 - Posts: 320 |
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You could use the Trailing Step Stop if you're willing to accept a fixed amount of stop adjustment in your stop as your targets are reached. Order Types: Step Trailing Stop -- Scott |
| [2018-11-30 13:28:05] |
| ILIM KIRGIZ - Posts: 187 |
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Thank you, Scott. In this case, it is better for me to manually move last stop. It would help me at step 3. But It does not exist.
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| [2019-09-23 10:33:44] |
| ILIM KIRGIZ - Posts: 187 |
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We developed a custom position sizing and trade management study so I do not use Trade Window anymore.
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