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I've trying to figure out how to limit my risk and and how to set my target after I enter a market order without any attached orders. Everytime I have a lone maket order and I try to enter an OCO to limit my risk and set my target I get an error. Is it possible to enter these after you have a lone market order like in Ninjatrader?
Can you help answer these questions from other members on NexusFi?
Sierra Chart will do what you want. The second link I posted explains how to add an OCO order to a lone existing pending order or a lone open position.
Here are the basic steps:
1) preset one or both target and/or stop offset on the Targets tab.
2) uncheck Use Attached Orders
3) enter your lone market order
4) On the Main tab, from the unlabeled dropdown menu, select Attached Orders-Position
5) press the Buy button if short, or the Sell button if long.
6) manually adjust the target/stop to your requirements.