FYI: I am fairly new to Sierra Chart. I need to understand how to force my Runner Target (12 ticks) quantity to stay at one (1) automatically even if the total number of contracts is changed to something other than a quantity of 2.
I am attempting to setup Attached Orders through the Trade Window, testing my knowledge of setting up Attached Orders. Currently, the issue remains with the following attached orders setup (screenshots provided - should be in order of reference):
Working correctly - Two targets w/ common stop. The targets are in separate OCO groups (1&2) and the Stop is set to ALL OCO Groups. This configuration is saved using a total of 2 contracts and works fine. Stop Quantity = 2, Target 1 Quantity = 1 and Target 2 Quantity = 1. See attached screenshot. This saved configuration even works when I change the Total Quantity to three (3) - see attached screenshot.
NOT Working as I Need it To - When I change the Total Quantity of contracts (ES) to something other than 2 or 3, the target totals are not what I want (remember, I want my runner quantity to stay at 1, no matter the number of contracts traded - unless I manually change it once in a trade). See last two screenshots.
I have attempted many changes to settings and have asked for and received superb help from @vegasfoster. However, I am not understanding something or somethings based on the SC documentation, etc. I suspect the answer has been observed by someone before with a relatively easy fix.
SC Support stated that I would have to do the following to alleviate the situation:
save a different Trade Window configuration for each order quantity and Attached Order config that I want to use.
(ie. one config for 2 contracts, one for 3 contracts, one for 4 contracts, etc)
My first reaction to this is "a little much, but easy to do".
I am still concerned with the fact that changing the parent order quantity from 2 to 3 works for my scenario, but does not for anything higher than 3. I just find this odd, I guess. Add it to things I don't understand - for now.
Thanks @vegasfoster. If I understand the video correctly, it shows how you scale in to a position. I "believe" I understand that - I could be wrong.
What I don't understand is the fact that you can't change the number of contracts "for the initial position" before placing the order and it holding the original quantity configuration.
Example of initial quantity configuration: Total quantity of 2, where the common stop quantity is 2, first target quantity is 1 and the second target quantity is 1 - like your video shows initially. This is the saved attached order configuration. Now, change the total quantity for the initial order, before any other orders, to say 3. The common stop should have a quantity of 3, target one should have a quantity of 2 and the farthest target (runner) should have a quantity of 1 - for me when I do this (change the total quantity to 3) the configuration holds true (remember, I want the initial trade to hold target 1, all the contracts except for one, which should be for target 2 (runner) (target one quantity = 2 and target two (runner) quantity = 1). This second scenario holds true with my system.
Now, change the total quantity for the initial trade entry to say 4 or 5. The configuration does not hold the quantities needed. For the total quantity of 4, the targets read as follows: target 1 quantity = 2, target 2 (runner) quantity = 2. For the total quantity of 5 for the intitial entry, the targets read as follows: target 1 quantitiy = 3, target 2 (runner) = 2.
So, anytime that I change the total quantity for the intitial entry to something other than 2 (saved config) or 3, my target 2 (runner) is above the needed quantitiy of one (1). If the saved config works for the total quantity of 2 or 3 for the initial entry, why does it not hold true for the others?
Again, this is a long version of what is happening. I just do not understand why changing the total quantity of the initial entry is such an issue. Remember, I am new to SC and still use to NT - NT allows you to change the initial entry quantity (before placing a trade) and the target 2 quantity of one(1) will remain the same unless you manually change it after entry. I may be asking too much of SC or explaining the situation all wrong. Also, I have changed the settings on my system as you show in your video with no luck for the initial order that opens a position (I hope I understand the video completely). I works as shown in the video for orders after the initial entry is opened.
The overall question is as follows: For the initial entry, it works for total quantities of 2 and 3, why does it not work for anything higher than 3? Again, this is for the initial order entry, before any other orders that are placed.
I have rambled enough. I do appreciate your help and please realize, I don't understand everything about SC. You could have given me the answer and it is right in front of me. I just don't see it yet. Not your fault. I appreciate your patience, your time and your support!
Just get on with it!
Last edited by Affliction; November 4th, 2013 at 11:09 AM.
Reason: Added a short video explaining the situation