Support Board
Date/Time: Fri, 29 Nov 2024 14:51:14 +0000
Take profit targets
View Count: 634
| [2023-02-02 11:05:27] |
| rjhand99 - Posts: 13 |
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I’ve set up scale in / scale out so that I can add / reduce to orders as the price actions progresses, but I’ve noticed that when I add to an order to my first (placing 3 orders on each trade), the first of my 2 take profit targets is ‘ignored’ and all of the new order is added to the 2nd (highest / riskier) take profit target as you can see in the example below. Is there a way to set it so that rather than doing this and making the trade more ‘top heavy’ and risky, as I scale up / down SC distributes the change in orders so that they are shared across multiple targets? Hope I’ve explained that OK? I’m just trying to remove the risk of taking 1 position off at the 1st target and then having to wait for the price to rise again to take off the remaining (5) trades in the example below. Risk management I guess. |
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| [2023-02-02 17:08:04] |
| John - SC Support - Posts: 36350 |
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Refer to the settings for Scale In/Scale Out starting at the following: Global Trade Settings Windows: Scale In (Global Settings >> General Trade Settings >> Scale In/Out) For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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