Support Board
Date/Time: Wed, 19 Mar 2025 09:17:27 +0000
[User Discussion] - Set chasing limit order Xpips away from recent swing high/low
View Count: 480
| [2022-10-16 09:36:01] |
| User810899 - Posts: 10 |
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Hello friends, I am struggling in finding a way to set a chasing limit order 5 pips away from most recent higher high or lower low. Example : Recent higher high is at $100 so I set my buy limit at $95. As long as price stays below or at $100, my limit stays at $95 until it is eventually triggered. If price goes beyond $100, say $102, my limit follows and stays 5 pips away from that new higher high. In that case $97. The goal is to follow until it is triggered. Same for a sell. 5 pips above lower low until triggered Would appreciate any help :) Thanks a lot ! |
| [2022-10-17 20:47:32] |
| Sierra_Chart Engineering - Posts: 18841 |
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Have a look at this order type: Order Types: Limit Chase There is also this study but it is meant for Attached Orders: Attached Orders: Study Controlled Targets and Stops Although the source code of it is provided and can be modified to meet your requirements. 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: 2022-10-17 20:49:40
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| [2022-10-19 08:48:57] |
| User810899 - Posts: 10 |
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Thank you for your reply. Unfortunately the attached orders does not seem to apply to my situation (maybe I should hire someone to code then) and the limit chase, I had already consulted but it does not work. For a mysterious reason it keeps on getting closer and closer to the current price while I wish it stayed 5 pips away from recent higher high or lower low. Thanks for your reply anyway ;) |
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