Login Page - Create Account

Support Board


Date/Time: Wed, 27 Nov 2024 10:33:13 +0000



Adding Steps to Move to Break Even Function

View Count: 972

[2019-08-28 14:52:05]
User993067 - Posts: 156
I am migrating from NT...

their trailing stop function is different from SC in that has 3 separate triggers that can have different offset and trailing parameters..this essentially allows for the use of leap frog stops (with separate offsets/trails) and tighter/looser trailing once the trade reaches a certain point.

The SC trailing stop parameters that I am using ( triggered step trail stop) do not allow this...(only 1 offset and trailing input.) so I am finding myself having to manually adjust trail more often than I would prefer.

A possible workaround may be adding additional steps to the move to breakeven function..theoretically a trader could use steps 3,4,5 as early profit protection leap frog stops and then combine this with the triggered step trail stop as currently available.

If I am to enable this type of leap frog stop action (different offsets at each leap) in a way currently available please advise...


Thank you for considering this functionality.
[2023-06-14 12:04:38]
User670622 - Posts: 5
Yes, I would like this function too I move to BE when up 20 ticks then when up 30 ticks I move to lock in 20 ticks but would like another step say when up 40 ticks move to lock in 30 and so on which is really useful when trading funded accounts with trailing drawdowns, the normal trail after x number of ticks is insufficient because it moves straight away as price moves preventing proper breathing room for the trade.
[2023-07-29 05:15:21]
Kevin941 - Posts: 22
I agree with both of these posts! Another Step, i.e. Step 3 would be greatly appreciated!
[2023-07-29 14:17:03]
Rui S - Posts: 190
+1
[2023-08-07 11:06:14]
User384999 - Posts: 28
I agree with both of these posts!
[2023-08-17 01:30:19]
User990275 - Posts: 22
+1

I also need a third step. I use a wide initial stop.

I use an initial breakeven step to cut risk in half, a second to move to breakeven, and then I want to be able to lock in some minimum profit with a third step.
[2023-08-17 03:09:43]
User61168 - Posts: 403
+1

To post a message in this thread, you need to log in with your Sierra Chart account:

Login

Login Page - Create Account