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Date/Time: Tue, 22 Apr 2025 10:17:27 +0000



Request: option to reset quantity on position change

View Count: 122

[2025-01-21 15:30:23]
joshtrader - Posts: 506
Would it be possible to add an option to:

1. Set quantity to X when flattening a position (going to Flat)
2. Set quantity to Y when entering a position (from Flat to the initial position size)
3. Set quantity to Z when position size reaches P

This would be a per-DOM/chart setting.
1 and 2 combine for a scaling out strategy. Go all in with a quantity X, and immediately scaling out with quantity Y.
1 and 3 combine for a scaling in strategy. Start small with quantity X, and when position size reaches P contracts/units, scale out with smaller increments of size Z.

I could try it in ACSIL if you can't add that feature. I've written a good bit of ACSIL but not for order execution, so any tips would be welcome, of course I can also read the docs and examples but maybe it's very easy.
Date Time Of Last Edit: 2025-01-21 15:33:23
[2025-01-21 18:37:44]
John - SC Support - Posts: 39395
The only way to do this with the built-in tools would be to setup and select different Trade Configurations for each stage, with each configuration set to the quantity you want at that time. Refer to the following:
Basic Trading and the Trade Window: Using and Changing Between Different Trade Window and Attached Orders Configurations

You could always create a custom study that would give you more control over what you want to do. Refer to the following:
Automated Trading From an Advanced Custom Study

https://www.sierrachart.com/index.php?page=doc/SierraChartStudyAndSystemProgrammers.php
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: 2025-01-21 18:38:56

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