Support Board
Date/Time: Mon, 10 Mar 2025 02:26:27 +0000
Multiple attached order issue w/ averaging entry price
View Count: 741
| [2022-03-13 21:46:11] |
| User414533 - Posts: 106 |
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As I enter a second order my original entry price is automatically averaged causing me severe confusion when moving my 2nd profit target limit as it no longer counts pts. from the 2nd entry, but the average entry of the two entries. I want to be able to move my first PT "x" pts. from the first entry, as well as move the second PT "x" points from the second entry. I have scale in turned off. Help! |
| [2022-03-13 22:47:44] |
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Refer to: Trading Information Windows: Only Single Consolidated Position Maintained and Displayed per Symbol and Trade Account 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 |
| [2022-03-14 00:34:38] |
| User414533 - Posts: 106 |
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So just to be clear: I need to trade on a separate account in order to have an accurate measurement of pts. on the take profit order line for each bracket order that is generated beyond the first? That can't be true. There has to be hundreds of Sierra Chart users that need different profit targets for subsequent added orders based on a specific risk amount which varies from trade to trade. If I can't use the little pts. distance calculator on the profit target order line, I'll have to do the math in my head the moment the trade gets triggered. Please tell me I'm still confused or that there's a workaround. This seems like the most basic of trade parameters. |
| [2022-03-14 04:34:55] |
| User414533 - Posts: 106 |
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I think I've come up with a manual workaround. Tell me if this is the best I'm going to be able to do without having something programmed. Buy Order #1 @ 4500 Buy Order #2 @ 4700 Avg. price is 4600. I decide at the time of execution that I want my PT on #1 @ +300 pts. Then another trade sets up while #1 is still working. I determine that I want #2's profit target at +500 pts. Since the parent order line will now be at 4600, if I drag my trade #2 PT line to where it reads "+500 pts.", it will actually be at +400 since it's reading from the averaged parent order line of 4600, not trade #2's actual fill point of 4700. So here's my workaround: I pull the #2 PT line down next to the order fill marker noting the value (in the previous example it would read +100), then I just add that value in my head with the actual PT I'm shooting for. So 500 pts + 100 pts reads 600 pts on the PT order line. This sets my ACTUAL PT limit at +500 pts. from the #2 trade's individual entry point. Not going to be perfect, but I think I can live with it. Is this the best I can do if I want discretionary PT's set on multiple trades at varying levels, that are open at the same time -- that doesn't require me to trade off two accounts? |
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