Broker/Data: Mirus (Broker), Continuum (Data), Dorman (Clearing)
Favorite Futures: Futures
Posts: 202 since Mar 2013
Thanks: 426 given,
Chart Trader; Stop Limit Orders?
I use range bars to trade, and oftentimes I would like to enter a long (short) trade one tick higher (lower) than the current range bar if price moves one tick higher (lower) than the high (low) range of the current bar.
For instance, let's say that the current 8 tick range bar of the ES has a low point of 1000.00 and a high point of 1002.00, which would mean that as soon as price moves to 1002.25 that price is moving in the direction that I would like to, which in my case is my entrance price (the opposite for short, ie enter at 999.75). Normally I place stop limit orders for my long positions above the current price (ie, 1000.25) by middle clicking at 1000.25 in the SuperDOM (or at 999.75), but I was interested to see how Chart Trader might work for managing trades, so I thought I'd give it a try--however I can't find out how to place a stop limit order above the current price (or below if going short) using the Chart Trader. Does anyone have any experience with this?
I could enter the Stop Limit Order in the SuperDOM and then manage the SLO via the chart, but I was hoping to not have the SuperDOM open and just use Chart Trader. But that gets me back to how I can enter a SLO using Chart Trader.