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Ordertypes setup
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Created: by Jon2snow Attachments:0

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Ordertypes setup

  #1 (permalink)
Trading Apprentice
Stuttgart
 
Trading Experience: Beginner
Platform: Sierra Chart
Favorite Futures: Emini
 
Posts: 4 since Jan 2019
Thanks: 0 given, 0 received

Ordertypes setup

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?


Last edited by Jon2snow; January 7th, 2019 at 02:35 AM.
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  #2 (permalink)
Just a boy
Auckland, New Zealand
 
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,812 since Sep 2009
Thanks: 3,177 given, 1,401 received


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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The following user says Thank You to steve2222 for this post:
 
  #3 (permalink)
Trading Apprentice
Stuttgart
 
Trading Experience: Beginner
Platform: Sierra Chart
Favorite Futures: Emini
 
Posts: 4 since Jan 2019
Thanks: 0 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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Tags
e-mini, es, feedback, how to, jpy, oco order, orders, programming, renko, sierra_chart, signal, trailing stop, trend

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