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Direct MessagesDate/Time: Sun, 08 Sep 2024 00:34:41 +0000
Configuring Trailing Stop Loss with Corresponding Take Profit Adjustment in Sierra Chart
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| [2024-06-27 06:49:50] |
| DMK - Posts: 15 |
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Dear Sierra Chart Support Team, I am currently using Sierra Chart for my trading activities and have a specific question regarding the trailing stop loss functionality. Specifically, I would like to know if there is a configuration available that allows the take profit level to move in tandem with the trailing stop loss. To illustrate, my objective is that as I adjust my trailing stop loss, the take profit level would automatically adjust as well. This feature is crucial for my trading strategy, as it helps in managing risk and securing profits more effectively. Could you please provide guidance on whether such a configuration exists in Sierra Chart, and if so, how to set it up? Any detailed instructions or documentation references would be greatly appreciated. Thank you for your assistance. Sincerely, [DIVYESH KAMDAR] |
| [2024-06-27 13:39:58] |
| John - SC Support - Posts: 34254 |
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There is no order type or setting that will do this. We are not really sure what you are wanting to do, as if you continually move the Target with the price movement, then the target serves no purpose, as the price can never get to it. If you let us know what you are trying to accomplish and there might be a way to do it. Refer to the following for a way to move the Target based on a study: Attached Orders: Study Controlled Targets and Stops 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: 2024-06-27 13:47:06
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