Support Board
Date/Time: Mon, 10 Mar 2025 14:35:32 +0000
simple auto trader enquiry
View Count: 887
| [2022-03-30 13:07:48] |
| User495734 - Posts: 41 |
|
Hi, i wish to implement a simple trade order with a fixed buy/sell stop order at the high and low of a hourly candle close, with an expiry time. basically, once the hourly candle closes, id like a limit order placed shortly after. so id like to check: 1) what is the simplest way for me to do this? could i just use the horizontal line at time study and have a stop order set at the time using the basic spreadsheet system for trading? or would i have to use another system 2) is there any chance that my stop loss and take profit orders will not be hit and the order is left running? as i was testing out my strategy, i locked trading and both my take profit and stop loss disappeared while the position remained open. will the stop loss and take profit still be enabled even if my computer is off? or do i have to leave it running |
| [2022-03-30 17:02:32] |
| |
|
1. You can just use Spreadsheet formulas for this. You do not need to involve the Horizontal Line at Time study. 2. You will not have this kind of issue if you are using Good Till Canceled orders. And we absolutely recommend using the Teton order routing service, not CQG. Very essential so that the target and stop orders, are managed on the server and you do not have any risk of them not getting sent! More information: Sierra Chart Teton Futures Order Routing 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 Date Time Of Last Edit: 2022-03-30 17:03:56
|
| [2022-03-31 07:38:36] |
| User495734 - Posts: 41 |
|
Thank you very much! Could you direct me to how I should go about setting a sell and buy stop attached order at the respective high and low of the hourly bar using the spreadsheet formula? sorry new to auto trading, still learning |
| [2022-03-31 18:57:51] |
| Sierra_Chart Engineering - Posts: 18726 |
|
We do not provide formula programming help. However, you want to enter 2 stop orders at the same time? Really a spreadsheet cannot be used for this. Or at least it is not so straightforward.
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, use the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2022-03-31 19:00:02
|
| [2022-03-31 20:25:04] |
| Sawtooth - Posts: 4181 |
|
Could you direct me to how I should go about setting a sell and buy stop attached order at the respective high and low of the hourly bar using the spreadsheet formula?
Do you want to place a pending buy stop at the H of the previous 60min bar , with an OCO stoploss at the L of the same bar (opposite for a short entry)?Or do you want to place bracketed entries on both sides of the previous 60min bar, each with their own OCO stoploss, where the unfilled gets cancelled when the other fills? The Spreadsheet System for Trading study can be used for either of these. |
| [2022-04-01 04:40:20] |
| User495734 - Posts: 41 |
|
I'd like the second option, but without the OCO order. to place both a buy and sell stop attached order at the high and low of the bar respectively, with a 3 hour expiry time. Both the long and short will be in effect with their respective stops and take profits, without cancelling each other out when one is hit. where specifically under system trading should I read up on? sorry for the trouble but the section is huge and I'm new to it
|
| [2022-04-01 04:44:27] |
| User495734 - Posts: 41 |
|
so e.g. at 8am hour bar close, I'd like the have my buy and sell stop orders set at 8:01am at the high and low of the 8am hourly candle, until 11am where they will be cancelled if not yet filled
|
| [2022-04-01 13:59:14] |
| Sawtooth - Posts: 4181 |
|
I'd like the second option
Here is an example of how to place a bracketed entry with the Spreadsheet System for Trading study:https://www.sawtoothtrade.com/free-stuff-20.html You'll need to modify a couple of things to meet your requirements. |
To post a message in this thread, you need to log in with your Sierra Chart account: