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Ordertypes setup


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Ordertypes setup

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  #1 (permalink)
Stuttgart
 
 
Posts: 4 since Jan 2019
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Hi altogether,

I am somewhat new to sierra.
Overwhelmed by the Order options.

Backtesting gave me 100 ticks to even almost 1000 and uncontrolled runaways (and also again 700 ticks minus).

I set up my strategie, which is sensitive to trend and changes, using Renko 5t in JPY E-micro / E-mini.

I wonder if someone has some idea about how to set up orders.

Aim would be to have primary trailing stop Order controlled server side, and a OCO Order for protection, but OCO order should not cancel primary (that would happen by trailing stop).

Also I could go with clientside closing signal, but i consider that risky.

Any advice how to set up orders "correctly"

In other words, main order, trailing stop, stop Level 10 ticks, additional OCO server side order with 5 ticks to protect entry and minimize risk to 5 ticks, all Server side controlled.

Is that possible?

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  #2 (permalink)
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,883 since Sep 2009
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Jon2snow View Post
Hi altogether,

I am somewhat new to sierra.
Overwhelmed by the Order options.

Backtesting gave me 100 ticks to even almost 1000 and uncontrolled runaways (and also again 700 ticks minus).

I set up my strategie, which is sensitive to trend and changes, using Renko 5t in JPY E-micro / E-mini.

I wonder if someone has some idea about how to set up orders.

Aim would be to have primary trailing stop Order controlled server side, and a OCO Order for protection, but OCO order should not cancel primary (that would happen by trailing stop).

Also I could go with clientside closing signal, but i consider that risky.

Any advice how to set up orders "correctly"

In other words, main order, trailing stop, stop Level 10 ticks, additional OCO server side order with 5 ticks to protect entry and minimize risk to 5 ticks, all Server side controlled.

Is that possible?

Have you posted this in the SC support forum? That would be your best place for any feedback.

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
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  #3 (permalink)
Stuttgart
 
 
Posts: 4 since Jan 2019
Thanks: 1 given, 0 received



steve2222 View Post
Have you posted this in the SC support forum? That would be your best place for any feedback.

Yes, I did post there too, but under programming help / consultancy & user discussions, as they ask for to do so for those kind of questions.

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Last Updated on January 8, 2019


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