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Date/Time: Sat, 15 Mar 2025 03:47:23 +0000



Trade Function: Flatten Position at Bid or Ask

View Count: 483

[2022-07-14 03:19:51]
Sam McLennan - Posts: 9
Hi,

I was just wondering if there is an option to flatten one's position at either the bid or ask price with the click of a button or hotkey function. The way I currently do this is after I enter a trade, I always have to turn off 'use attached orders', and when I am ready to exit, I select 'buy bid' or 'sell ask'. Then I have to cancel my open attached orders and again turn on 'use attached orders before entering a new trade. I do this because I rarely want to flatten at the market unless I deem it absolutely necessary. If a function to 'flatten at bid' or 'flatten at ask' could be implemented that would be great. I believe there was a post similar to this back in 2018: Flatten at Ask or Flatten at Bid

Thanks
[2022-07-14 14:19:34]
John - SC Support - Posts: 38678
There is not an option for this.

One other way that we think you could do this where you could just press a single button, would be to use the Bid and Ask Prices study along with the Trade Management by Study study, where the Trade Management by Study would be set to move a Stop to the Bid or Ask price of the Bid and Ask Prices. You can then setup a Control Bar button (which could then be tied to a keyboard shortcut) that enables that Trade Management by Study, which would then move the stop to that price.

Refer to the information for these studies here:
Bid & Ask Prices

Attached Orders: Study Controlled Targets and Stops
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: 2022-07-14 14:19:53
[2022-07-15 15:23:00]
Sierra Chart Engineering - Posts: 104368
Have a look at:
Basic Trading and the Trade Window: Main/C >> Menu >> Orders >> Cancel Orders on Flat Position (chart specific)

And:
Attached Orders: Scaling Out
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

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