How to get in and out of trades? (once filled)

July 9th, 2018, 01:16 AM

Hi,

Could someone please go over how to get out of a trade once filled? and what does flatten order mean?

I'm using the trade window.

Thank you

July 9th, 2018, 02:38 AM

"flatten" means that all open positions will be closed (with a market-order) and all working order will be canceled.

July 9th, 2018, 03:04 AM

tr8er

"flatten" means that all open positions will be closed (with a market-order) and all working order will be canceled.

Sweet! thank you, what could I use to attempt closing out my open position at limit?

Austria eh? land of RedBull and KTM motorcycles..

July 9th, 2018, 03:16 AM

Yes, it is always better to use Limit-Orders to get out of a trade. "flatten" is good if you want to close it fast, I always use bracket-orders to closef a trade, this means I enter a trade with a bracket order (Target = Limit, Stop-Loss = Market)

July 15th, 2018, 12:55 AM

tr8er

Yes, it is always better to use Limit-Orders to get out of a trade. "flatten" is good if you want to close it fast, I always use bracket-orders to closef a trade, this means I enter a trade with a bracket order (Target = Limit, Stop-Loss = Market)

Know any way to manually exit at limit?

July 31st, 2018, 12:01 PM

3 easy choices... 1 is right click where you want to exit and choose buy/sell limit. The easier option is... Always use a bracket order with stop and target... the target is a limit order so all you have to do is drag it to where you want to exit. Infinity Futures has a TON of Sierra Chart educational videos on their Youtube page with at least a few dedicated to using the trade window for order management... 3rd There is also the "BUY ASK/BUY BID/SELL ASK/SELL BID" buttons right on your trade window!!! You can go to Sierra Chart's website and search "Trade Window" for a more detailed description...

July 31st, 2018, 04:51 PM

DevilOnWallStreet

3 easy choices... 1 is right click where you want to exit and choose buy/sell limit. The easier option is... Always use a bracket order with stop and target... the target is a limit order so all you have to do is drag it to where you want to exit. Infinity Futures has a TON of Sierra Chart educational videos on their Youtube page with at least a few dedicated to using the trade window for order management... 3rd There is also the "BUY ASK/BUY BID/SELL ASK/SELL BID" buttons right on your trade window!!! You can go to Sierra Chart's website and search "Trade Window" for a more detailed description...

It's (kind of) retarded how the trade box can open a trade yet it can't get you out of one without using a bracket order, either way, also WHAT DID YOU SAY ABOUT THE BUTTONS!!!!!??? I CAN'T HEAR YOU!?!

July 31st, 2018, 04:59 PM

Revan

It's (kind of) retarded how the trade box can open a trade yet it can't get you out of one

That's what Flatten is for!!!

I could pretty easily make you a custom study for push button limit order using the control bar buttons with a user input for (x) number of ticks above/below current price PM me if you want to chat about it.

I already use control bar buttons to enter off of Renko Predictor High/Low or previous bar H/L, so would be relatively simple to do

How to get in and out of trades? (once filled)

Discussion in Sierra Chart

How to get in and out of trades? (once filled)