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Date/Time: Sun, 16 Mar 2025 13:45:51 +0000



Dynamic stop that fixes max loss at a set price?

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[2022-08-19 15:21:53]
JBTFD - Posts: 35
Hello!

Is it possible on SC to have a stop built into my trade that stays fixed at a set amount regardless of how many contracts I've bought?

For example, if trading /ES and I have a max stop of $800.

I buy in 1, the stop will automatically be placed 16 pts below entry.

I buy another lot somewhere else, the stop is now 2 lots and moves so that the max loss if triggered is $800.

I buy a 3rd lot, the stop now has 3 lots in it and moves again on the DOM so that the max loss remains at $800.

I can keep going until the stop gets triggered, but the max loss must always be $800.


Thanks!
[2022-08-22 15:16:45]
Sierra_Chart Engineering - Posts: 18797
No, this is not supported.

The closest that is available though is Global Settings >>Global Profit/Loss Management.
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

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Date Time Of Last Edit: 2022-08-22 15:17:05
[2022-08-22 19:04:01]
JBTFD - Posts: 35
Thanks - I looked into that setting. Is there a way for it to stop out at $800 but then let me trade again immediately after, and it stops me out again should a trade hit $800 loss again?

From what I understand, once it triggers the 800 max loss it blocks trading for x period of time, and then we must manually re-enable the global profit/loss management?

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