Support Board
Date/Time: Tue, 26 Nov 2024 22:40:48 +0000
Setting up orders on the chart quicker
View Count: 239
| [2023-10-10 18:13:40] |
| User423634 - Posts: 23 |
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Question 1: I need to place a stop limit going long with a stop loss and a stop limit going short it with a stop loss. Is there a quicker more efficient way of setting up those orders? Right now I am manually typing in the price level in the trade box t the bottom right corner. This strategy is always executed on the candle before the opening candle of the corresponding asset, So for example, Oil opens on 9:00am est so my orders need to be set close to the end of the 8:55am candle or just as the clock turns 9:00am. I need to be quick as possible setting those orders due to the high volatility. Question 2: In Example 2 I have set my stop limit going long at 93.07 with a stop loss at 92.87 and there is a stop limit going short at 92.87 with a stop loss at 93.07. So you can understand that there are orders over lapping each other. Another question I have is if I get triggers short in this case and I want to now move my stoploss at 93.07 I have to first move the stop limit out of the way before getting access to my stop loss order. Is there a way to select which order I want to move rather than moving one to get access to the other? Or another example would be if I had multiple buy limits to cover my shorts at the same price but I wanted to move one order further away while keeping the other at the same price, how do I do that instead of having to move both of them together? Thank you in advance. |
 Opens Example.png / V - Attached On 2023-10-10 18:06:13 UTC - Size: 133.68 KB - 64 views Opens Example 2.png / V - Attached On 2023-10-10 18:06:24 UTC - Size: 139.99 KB - 65 views Opens Example 3.png / V - Attached On 2023-10-10 18:06:30 UTC - Size: 139.34 KB - 60 views |
| [2023-10-10 19:16:19] |
| John - SC Support - Posts: 36309 |
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Question 1: You need to determine how you are coming up with the particular price point that you are. There is something you are doing that derives this. Then you would need to turn that into an automated strategy using either the Spreadsheet System for Trading or the Trading System Based on Alert Condition, or even create a custom study if you want to do some programming. But the main issue is that you need to figure out how you get your number. Question 2: Again, automating the process would help, but in this case you would need to create a custom study. This can not be done using any of the internal studies that already exist, as you would need to be able to select a specific order. Otherwise, you have to continue to do this manually the way you are, as there is not another way. 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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