Support Board
Date/Time: Tue, 26 Nov 2024 00:48:30 +0000
Stop starting point
View Count: 317
| [2024-01-12 18:08:55] |
| Hopeman - Posts: 166 |
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Hello, I am using spreadsheet system for trading and I have some entry formulas and some exit formulas. I have a dynamic stop with the studio trade managemnet. I would like to know if I can put a fixed stop below the entry candle somewhere other than the box. L or N, I have used stop trade management to put it, what happens is that if another entry is given, the stop moves and I don't want it to move. I want the movements to be managed by trade management and the exit formulas, the only thing I want to do I don't know if it is possible for my stop to start from the entry candle, thank you.
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| [2024-01-12 18:15:18] |
| John - SC Support - Posts: 36286 |
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We are not fully following what exactly you want to do and what is not working correctly. Are you wanting to add a second Stop at a fixed point below the first Stop and then only move the first Stop with the Trade Management by Study? Or are you asking about how to place the initial Stop? Or something else? For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-01-12 18:27:11] |
| Hopeman - Posts: 166 |
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I want to place the stop at a fixed point on the candle that gives a buy or sell entry signal and for this I am using this formula for the purchase =IF (K3, D3, IF (M3,0, AQ3)) in cell AQ I want to put this formula for the starting point of my stop without using trade management or cell L or M
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| [2024-01-15 17:44:18] |
| Hopeman - Posts: 166 |
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John - SC Support Hello, I hope I have explained myself well! I have in cell L an exit formula and in cell N an exit formula and a stop loss of 5 points. Sometimes the candles are small and I want my trail stop to start at the minimum of the entry candle. In cell j25 I have this formula written: =IF (M3, C3, IF (K3,0, j25)) and in cell J23 I have this explicit formula: =IF (K3, D3, IF (M3,0, j23)) and in cells j72 and j74 I have activated S. My question is if it is possible to have a stop by structure that remains fixed on the entry candle after which I would manage the movement with trademanagement by study. Thank you for your time |
| [2024-01-17 20:49:51] |
| Sierra_Chart Engineering - Posts: 17178 |
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You can certainly use this study to adjust the Stop order: Attached Orders: Study Controlled Targets and Stops 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 |
| [2024-01-17 21:08:54] |
| Hopeman - Posts: 166 |
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Hello, the study is of no use to me because I want a starting point, I don't want him to do a trail stop. The problem is that it is possible that from my entry to another entry or points higher then the stop moves below the entry and that is what I do not want, I want my stop to be placed just below the fixed candle and since There I calibrate it with the study management but with another echo configuration I already have it so I only want the stop below the start entry candle, do you know if this is possible in some way? |
| [2024-01-18 00:31:25] |
| Sawtooth - Posts: 4120 |
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The Trade Management by Study study will move an attached stop to a price value. You can use cell J81 as an initial offset, in points, from the entry price, (Or create a twconfig with an initial stop offset.) then use a formula in a Formula Column (a subgraph) that returns the price just below the entry candle. Then reference that spreadsheet study subgraph in the Trade Management by Study study's settings. You may want to use separate Formula Columns/TMS instances, one for longs and one for shorts. |
| [2024-01-18 15:21:10] |
| Hopeman - Posts: 166 |
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Hello! The problem is that I already have the compensation parade with the trade management, one for shorts and another for longs and in the L and N column exit formulas, My intention is to generate a stop that is always at the LOW or HIGH of the entry candle and that does not move, which is consistent with the trade magazine but with a different formula. I also think that the trade management could be optional, the trail stop does not have that option and it complicates things and that they can be combined since I tried combining them and only one works. Combining them, I mean putting two trade management with two different configurations per example for shorts Why do I say this? The problem is that if I can put the stop on the entry candle, what happens is that sometimes on some occasions the price moves a couple of points and gives an entry signal so the stop moves to that low of the candle and they take me out of the market |
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