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Need help with Trading Study
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Need help with Trading Study

  #1 (permalink)
Elite Member
Milton Keynes UK
 
Futures Experience: Intermediate
Platform: Investor/RT, Sierra Chart
Favorite Futures: Futures Options, CL
 
Posts: 157 since Jun 2009
Thanks: 74 given, 115 received

Need help with Trading Study

I have been using Sierra for a while now but only recently tried to use the trading study.

1) The data from IB is populating the spreadsheet OK and my conditions (see 2 ) are triggering to True but nothing happens. No trade is triggered. No arrow on chart. No Nothing.
I have Auto trading Enabled, Trade Simulation On and Send Orders to Trade Service - True

2) This is a simple breakout stategy and I want to buy above known price and sell below known price.
So the conditions I am trying to use for K3 is =E3>xx.xx and for M3 is =E3<yy.yy with Signal on Bar Close (K,M) True
Is this the correct way to this? I have a feeling there should be more to it.

I will then use attached orders for targets and stop to trail to BE.

Any pointers will be gratefully received.

Brit

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  #3 (permalink)
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Ask BM to move your thread to the normal Sierra Chart threads: you will have more readers there and your question is not about SC programming.

Is this a real-time test or a back-test?

First look up the alert log: "Window" -> "Show/Hide Alerts Log". Only when your conditions have an alert entered here will they trigger a trade.

Recommendation: Do not enable "Send Orders to Trade Service" when you use your real account (while testing that is).

Use your IB paper trade account for tests. In this case do not enable "Trade Simulation On" and enable "Send Orders to Trade Service". Orders will be sent to the IB paper trade server and the test will be nearer to reality.

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  #4 (permalink)
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FGBL07 View Post
Ask BM to move your thread to the normal Sierra Chart threads: you will have more readers there and your question is not about SC programming.

Is this a real-time test or a back-test?

First look up the alert log: "Window" -> "Show/Hide Alerts Log". Only when your conditions have an alert entered here will they trigger a trade.

Recommendation: Do not enable "Send Orders to Trade Service" when you use your real account (while testing that is).

Use your IB paper trade account for tests. In this case do not enable "Trade Simulation On" and enable "Send Orders to Trade Service". Orders will be sent to the IB paper trade server and the test will be nearer to reality.

All useful info, thanks.
I have found my spreadsheet beginners error after watching the futures.io (formerly BMT) Sierra webinar.
I tried to put the condition in the wrong cells. Well it did say Buy Entry/Sell Entry.
All is now working after using K3 and M3.

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  #5 (permalink)
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Futures Experience: Intermediate
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Latest problem I have come across is if using 2 contracts sometimes the trailing stop (set for 2 ) only triggers 1 when hit and leaves 1 position on. At other times it is working well. Anyone have any ideas why this might happen?

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  #6 (permalink)
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It is difficult to answer your question without knowing more details.

This is one order with a quantity of 2? It is a limit order?

Partial fills may be a problem: Assume it is a limit sell with limit at 90. When the SL order is triggered prices may have already dropped to 90, you get only 1 fill and prices drop quickly to 89 so the rest of the order is left unfilled.

If this is the problem then use a larger difference between your trigger price and the limit so as to get effectively a market sell order. Check the conditions the exchanges have set up for this kind of order: you do not want your order rejected because of invalid limits/prices.

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  #7 (permalink)
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Yes it is one order with quantity 2. Trail to break even as attached order.
It is the standard STP stop order, which I think converts to market order when triggered.
I suppose it could be liquidity problem. Do you have experience using auto-trade with Sierra?

Also i noticed Line 65 of the spreadsheet has just "read only" in column I and "1" in column J. What does this do?
Is there any detailed documentation to go with spreadsheet trading study, on what each line does for the logic etc

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  #8 (permalink)
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You should better check what kind of order is submitted: what ticker is it? what exchange? Some exchanges do not support market stop orders. Market orders should be filled completely anyway.

If you use IB as broker you can check the audit trail to see what orders have been submitted by SC. Though with their new Mosaic interface I do not know where they have hidden the viewer.

I have done a lot of testing spreadsheet trading, but I do not trade live using them (only trade manually). Just sometimes test ideas.

The documentation is quite extensive, but sometimes the things you look for are hard to locate: Spreadsheet Systems, Alerts and Automated Trading - Sierra Chart

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  #9 (permalink)
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Thanks. I have read that documentation many times while trying to get this working.
I am trying to find out what Line 65 does, it is read only but contols what?
May have to ask Sierra support.

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  #10 (permalink)
Elite Member
Oberhausen, Germany
 
Futures Experience: Advanced
Platform: Sierracharts
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Favorite Futures: Bund Future
 
Posts: 278 since Aug 2011
Thanks: 100 given, 310 received


Looks like default order quantity. I'm using version 961. As far as I understood the newer versions use J26 as order quantity.

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