Support Board
Date/Time: Wed, 12 Mar 2025 20:51:30 +0000
Automatically move stop
View Count: 1341
| [2022-05-24 15:27:15] |
| User132992 - Posts: 34 |
|
Hi support, Can you please let me know if there is a way to automatically adjust your stop to lock in profit as your trade moves in your favour? Ive got 2 profit targets (10 ticks and 20 ticks) from my entry price, but I want my stop to move automatically from its initial off set (e.g. 8 ticks) to 4 ticks in profit (as price moves in that direction to that point) and act as a 'floor' for profit in case price reverses on me before either of my profit targets are hit (i.e. I dont want to just breakeven on a trade if price has moved in my favour). I know you have comprehensive order type descriptions online, but Ive got to be honest Im finding it very hard to digest all of that text without some short clips/videos to demonstrate how each permutation works. I am also working through chart replays with SIM mode trades too but Im not always able to understand why certain orders and their set variables are playing out the way they are. I appreciate your help. ND. |
| [2022-05-24 15:58:04] |
| John - SC Support - Posts: 38621 |
|
The simplest way to do this is to use the Move to BreakEven option. It has an offset setting that will allow you to place the Stop above or below the actual breakeven point. You just have to decide when you want the move to breakeven to occur. Refer to the following: Attached Orders: Move to Breakeven for Stop For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-05-24 16:46:38] |
| User132992 - Posts: 34 |
|
Thanks John, much appreciated. ND |
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