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Date/Time: Fri, 25 Oct 2024 23:50:50 +0000

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[User Discussion] - Dragging Limit Orders on Chart

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[2024-10-21 22:52:06] #1 [Go To First Post]
ycomp - Posts: 310
if you have a Target Limit order at +10T... on the chart... and price is at +7T right now, and you drag it down below +7T, will it get filled at +7T or at something lower?

[2024-10-22 14:41:59] #2 [Go To First Post]
Sawtooth - Posts: 4099
will it get filled at +7T or at something lower? It will get filled at Market.

[2024-10-23 16:18:31] #3 [Go To First Post]
ycomp - Posts: 310
so if I dragged the limit order or simply clicked "BE" (Break Even), then it would execute at the same price? (which is market)?

[2024-10-23 18:02:16] #4 [Go To First Post]
John - SC Support - Posts: 35527
Breakeven is different. Breakeven moves the Stop to the point where you would end up with zero profit/loss (ignoring fees and commissions). So this will not necessarily move it to a position where the position would be closed, unless you were at a loss at the time. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2024-10-25 12:11:22] #5 [Go To First Post]
ycomp - Posts: 310
I didn't really explain that well it should have been a separate question really. What I mean about Break/Even is if you are underwater.. like say -2T and you press B/E, then will it trigger a market order?

[2024-10-25 15:15:01] #6 [Go To First Post]
John - SC Support - Posts: 35527
Yes, it is the same as manually moving the stop to above the current price. It will then fill at the Market price. 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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