Trading Articles
Article Categories
Article Tools
Ordertypes setup
Updated January 8, 2019
trending_up
521 views
thumb_up
1 thanks given
group
2 followers
forum
2 posts
attach_file
0 attachments
Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to
register in order to view the content of the threads and start contributing to our community.
It's free and simple.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
(login for full post details)
#1 (permalink )
Stuttgart
Posts: 4 since Jan 2019
Thanks: 1 given,
0
received
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?
Best Threads (Most Thanked) in the last 7 days on futures io
(login for full post details)
#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
Thanks: 3,347 given,
1,516
received
Jon2snow
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
The following user says Thank You to steve2222 for this post:
(login for full post details)
#3 (permalink )
Stuttgart
Posts: 4 since Jan 2019
Thanks: 1 given,
0
received
steve2222
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.
Last Updated on January 8, 2019
Right now
Ongoing
Right now
February
Coming soon
March
Register to Attend
Elite only