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Direct MessagesDate/Time: Mon, 28 Oct 2024 08:57:42 +0000
Move Stop loss to break even when price moves certain number of points towards target
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| [2024-10-10 16:36:22] |
| User321619 - Posts: 20 |
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Hello, I searched the forum and documentation and found how I could move the stop loss to break even when one of the OCO is triggered. However, what am looking for is moving stop loss to break even when price moves certain points in direction of target but before the target is met. Example: 3 NQ contracts buy at market Entry price: 20150 Target: 20160 Stop Loss: 20140 I would like to move stop loss to break even when price reaches 20155. So, in case if it retraces am break even and do not lose money. Above numbers are just examples, but it shows the break even strategy I would like to implement. Again, I could do this if I have multiple targets and trigger the break even when first target is met. However, I just have one target and stop loss should move to break even based on number of points price moves in direction of target. Number of contracts could be 1 or more. Looking for a quick response as it will really help me. Thanks Date Time Of Last Edit: 2024-10-10 17:18:52
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| [2024-10-10 18:25:21] |
| John - SC Support - Posts: 35538 |
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In the Move to Breakeven section for Stops, you have options for "None", "Offset in Ticks Triggered", "OCO Group Triggered", "Trail to Breakeven", and "Trail to Breakeven Offset Triggered". So for what you want, use the option of "Offset in Ticks Triggered" and set your appropriate offset. Refer to the following: Attached Orders: Type 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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