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Direct MessagesDate/Time: Sun, 08 Sep 2024 00:32:38 +0000
Sierra Trading DOM keystrokes compatible with Iron Beam
View Count: 326
| [2024-07-10 15:55:07] |
| User495462 - Posts: 7 |
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Dear Team: I use Iron Beam and would like to place trades using Sierra. I understand that IB uses specific key stroke order rules to meet exchange requirements. I also understand that Sierra does not necessarily use those same key strokes in your Simulation account. All I do is place limit buys above AND below current price as well as place sells above and below the current price. I understand that a buy below the market price for both IB and Sierra is a left click on DOM bid current price and that a sell above the current price is also a left click on ask current price on DOM. HOWEVER, what are the Sierra key strokes for a buy ABOVE current bid price AND what are the Sierra keystrokes for a sell below the current ask price THAT WILL BE ACCEPTED BY IB? Once those orders are placed, what are the keystrokes to set a STOP order under each scenario? I have watched your trading DOM video as well as IB's trading DOM video, but I want to use the correct keystrokes in Sierra that will PREVENT my orders from being rejected by the exchange once I send order to IB. Thank you! |
| [2024-07-10 16:04:11] |
| John - SC Support - Posts: 34254 |
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To begin with, the keystrokes have nothing to do with whether an order is accepted or rejected. It is just a matter of sending the correct order type at the correct price. That being said, in order to place Buy order at a price above the market or a Sell order at a price below the market, you need to use a Stop-Limit order type. This is because the market price in both of these situations is a better price than what you specified, therefore the exchange is going to fill these immediately. Again, this has nothing to do with Sierra Chart or Interactive Brokers - it is an exchange thing. Refer to the following: Order Types: Stop-Limit In terms of setting up Keyboard shortcuts for orders, refer to the following: Global Settings Menu: Customize Keyboard Shortcuts (Global Settings menu) For right-click options for trading, refer to the following: Global Settings Menu: Customize Chart Trade Menu (Global Settings menu) And for pointer actions in the DOM, refer to the following: Global Trade Settings Windows: Order Types (Global Settings >> Chart DOM Settings) For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-07-22 21:33:05] |
| User495462 - Posts: 7 |
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Thank you for your explanation. I understand. In turning to your support manual, I only see instructions for stop limit orders associated with CLOSING a losing trade, either CLOSING a losing long with a Sell Stop Limit or CLOSING a losing short with a Buy Stop Limit. You stated above: “ … in order to place Buy order at a price above the market or a Sell order at a price below the market, you need to use a Stop-Limit order type.” I do not see the key stroke instructions for OPENING a position by using either a Sell Stop Limit or a Buy Stop Limit. What are the key strokes for each of the above? Thank you! |
| [2024-07-23 12:12:56] |
| Sierra_Chart Engineering - Posts: 16292 |
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A Stop-Limit order can be used for an entry or an exit. It does not matter.: Order Types: Stop-Limit Keyboard shortcuts are what you set up: Basic Trading and the Trade Window: Trading from the Keyboard, Pointer, and Control Bar Keyboard shortcuts are not associated with opening/closing a position. They just simply submit an order. And whatever happens depends upon the Side of the order and the existing position if any. 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 Date Time Of Last Edit: 2024-07-23 12:13:46
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| [2024-08-06 18:47:43] |
| User495462 - Posts: 7 |
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Thank you. My apologies for belaboring this point but I am still uncertain. Please confirm my understanding or correct me. I want to use Sierra DOM to place trades using Interactive Broker as my exchange broker. This is how I understand the attached Sierra Order instructions: 1) If I want to open a buy position above the trading price on Sierra DOM, am I using a left click in the buy column for a BUY STOP or a right click in the buy column for a BUY LIMIT? 2) If I want to open a sell position below the trading price on Sierra DOM, am I using a left click for a SELL STOP or a right click for a SELL LIMIT? Thank you! |
| [2024-08-06 19:37:57] |
| ondafringe - Posts: 273 |
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On the DOM, click Trade > Chart DOM Settings > Order Types and set it up however you want.
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| [2024-08-07 10:43:51] |
| User495462 - Posts: 7 |
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Thank you but that does not answer my question repeated below: “ 1) If I want to open a buy position above the trading price on Sierra DOM, am I using a left click in the buy column for a BUY STOP or a right click in the buy column for a BUY LIMIT?” “2) If I want to open a sell position below the trading price on Sierra DOM, am I using a left click for a SELL STOP or a right click for a SELL LIMIT?” I previously sent an attachment that described ‘default’ Sierra keystrokes. I do not want to customize my order. I want to use the keystrokes described in the Sierra drop-down (previously attached) but I would like to know which one do I use per my questions shown above. Thank you Team. I appreciate you. |
| [2024-08-07 13:10:40] |
| Sierra_Chart Engineering - Posts: 16292 |
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This is all configurable as you want. Refer to: Global Trade Settings Windows: Chart DOM Settings Just simply configure this as you require. This is all. 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 Date Time Of Last Edit: 2024-08-07 13:10:53
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| [2024-08-08 00:19:32] |
| User495462 - Posts: 7 |
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The drop-down that I attached previously SHOWS ME the keystrokes. That is acceptable to me. I do not want to ‘configure’ anything nor do I see the need for that. U will use what the drop-down attach states. With that said. Please answer my question copied and pasted from prior submission which is as follows: “ Thank you but that does not answer my question repeated below: “ 1) If I want to open a buy position above the trading price on Sierra DOM, am I using a left click in the buy column for a BUY STOP or a right click in the buy column for a BUY LIMIT?” “2) If I want to open a sell position below the trading price on Sierra DOM, am I using a left click for a SELL STOP or a right click for a SELL LIMIT?” I previously sent an attachment that described ‘default’ Sierra keystrokes. I do not want to customize my order. I want to use the keystrokes described in the Sierra drop-down (previously attached) but I would like to know which one do I use per my questions shown above.” Thank you Team! I appreciate your help. |
| [2024-08-08 01:52:01] |
| ondafringe - Posts: 273 |
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You're chasing your tail. :)
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| [2024-08-09 10:27:29] |
| User495462 - Posts: 7 |
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That ‘almost’ made me laugh. Almost. I am not a programmer. I am easily confused by technical wording in the Sierra manual. I have had orders rejected in real time. I don’t want that to happen again. Your simulator allows order placement that, in a real trade, might otherwise be rejected. To me, a non tech type person, my question seems to be entirely reasonable. Your Manual seems to give keystroke rules (see my prior attachment) for what I want to do but you seem to say I have to read Manual and come up with my own keystrokes. Please answer my questions, numbers 1) and 2), in prior submission. Thank you very much.
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| [2024-08-09 14:26:09] |
| John - SC Support - Posts: 34254 |
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The direct answers to your questions are the following, assuming you have not changed any of the settings for "Trade >> Chart DOM Settings >> Order Types" from their defaults: 1. To place a Buy Limit order above the current price, you would left-click in the Buy column. 2. To place Sell Limit order below the current price, you would left-click in the Sell column. But, these options will not give you what you want. When you place a Buy Limit order above the current price, the exchange is going to see that the current price is more favorable and automatically fill that Limit order at the Market price. The opposite is also true for the Sell Limit below current price. In order to do what you want, you would need to use a "Stop-Limit". You can change the settings on the "Trade >> Chart DOM Settings >> Order Types" to allow you to place a Stop-Limit using one of the options. You need to decide which way you want to do this and change the appropriate option on that page. 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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