Support Board
Date/Time: Sun, 24 Nov 2024 15:11:03 +0000
Bracket Order
View Count: 167
| [2024-05-17 13:03:33] |
| User585993 - Posts: 83 |
|
What am I missing here? I need to create a bracket order with the following parameters: Additionally, I have attached a picture of my current bracket setup that didn't work for reference. Initial Position: Entry Order with 1 target set at 16ticks Stop Loss set at 17 ticks Runner: Triggered after the target is met Trailing Stop Loss activated Trailing Stop Loss should break even once the first target is achieved |
Attachment Deleted.  Target&stoploss.png / V - Attached On 2024-05-17 12:59:12 UTC - Size: 521.48 KB - 48 views |
| [2024-05-19 13:11:27] |
| John - SC Support - Posts: 36238 |
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Do not use the "Move to Breakeven" options in this case. Rather, use an Order Type of "Triggered Trailing Stop Limit" and set the following for the attached Stop order: - Stop Offset: 17 ticks - Trigger Offset: 16 ticks - Trail Offset: 16 ticks We are not certain of the value you would want for the Trail Offset, but since you state that it should be at Breakeven when the first target it hit, an offset of 16 ticks sounds like what you want. Refer to the following: Order Types: Triggered Trailing Stop Limit 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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