Support Board
Date/Time: Wed, 27 Nov 2024 10:23:07 +0000
Entering New Trades/Scaling
View Count: 398
| [2023-08-13 23:36:52] |
| Taryn - Posts: 28 |
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Hey I am just having some trouble with scaling and entering new positions once in a trade. Imagine I am long 2 positions. I take profit on my first position and price keeps going up. The last remaining position I move to break even. I then decide to re-enter and go long again. The original position from the 1st trade, is now not at break even and in drawdown, as the average price has gone up. Is there a way to stop this from happening? I would want that position from the 1st trade that was at break even before I entered the new position to remain at break even and not be in drawdown when I enter the new position. Any help would be appreciated thanks
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| [2023-08-14 22:16:13] |
| Sierra_Chart Engineering - Posts: 17191 |
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How do you do this exactly?: . The last remaining position I move to break even
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 |
| [2023-08-14 22:44:16] |
| Taryn - Posts: 28 |
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Just by moving the stop manually to where the entry was from. I prefer this than having an automatic function to do this
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| [2023-08-16 08:28:05] |
| Sierra_Chart Engineering - Posts: 17191 |
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Change the position average calculation : Trading Information Windows: How Average Price for Positions Is Calculated and Used To: Use Flat to Flat Open Position Average Price 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: 2023-08-16 08:28:24
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