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Direct MessagesDate/Time: Sun, 08 Sep 2024 00:38:00 +0000
Using Different Targets in SpreadSheet
View Count: 127
| [2024-07-03 18:31:21] |
| alexo2022 - Posts: 46 |
|
I want to have different targets during the trade, for example Target 1: 1.25 points Target 2: 3 Points and I also want once it hits target 1, to move the stop from -3 point to +1 point. for example: I got into the trade in 2000.00, the stop was in 1997.00 and target 1 was in 2001.25, one the market got to 2001.25, I want the stop to move to 2001.00, and if it didn't got the stop, I want it to exit on target 2 2003.00 is there a way I can do it with the spreadsheet ? |
| [2024-07-03 18:40:11] |
| John - SC Support - Posts: 34254 |
|
You can only have a single Target and a single Stop in the Spreadsheet System for Trading. But you can do what you want by not specifying the Target and Stop in the Spreadsheet, in which case it will use the setup for attached orders that is set in the Trade Window for the chart, and you can setup the attached orders there to be the way you want. Refer to the following for an example of the Attached Orders setup that does what you want: Attached Orders: 2 Targets and Common Stop with Move to Breakeven on First Target For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-07-03 19:44:06] |
| alexo2022 - Posts: 46 |
|
Thanks for your response, after testing both ways, I found that using single stop and single target, is far more reliable on automated trading. after backtesting both ways, using the trade window, there were many trades that the target and stop did not work even though the system got into the trade. |
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