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Scaling in (averaging) using SC


Discussion in Sierra Chart

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  #1 (permalink)
 
bathrobe's Avatar
 bathrobe 
Los Angeles
 
Experience: Advanced
Trading: Energy
Posts: 81 since Oct 2010
Thanks Given: 58
Thanks Received: 35

Hello, while it is not something I normally do, sometimes I scale in to get a better price and then exit the first entry, I have recently started using Sierra Chart for execution and when I tried this it didn't seem to work at all and as I was totally confused as to what I was looking at I had to exit for a loss.

I have searched the Sierra website and only found ways to scale the range, but nothing related to entering, does anyone know how to do this in sierra? It must be possible.

Thanks,

Chris


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  #2 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
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You will get different results depending on whether you have support scale-in and/or support scale-out checked on the trade menu. Before you try anything I would recommend you practice it in sim first. I've learned that the hard way as well.


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  #3 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: EdgeClear, FCM:Phillip, Data:Denali, Routing:Teton
Trading: YM RTY ES NQ
Posts: 480 since Nov 2009
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bathrobe View Post
Hello, while it is not something I normally do, sometimes I scale in to get a better price and then exit the first entry, I have recently started using Sierra Chart for execution and when I tried this it didn't seem to work at all and as I was totally confused as to what I was looking at I had to exit for a loss.

I have searched the Sierra website and only found ways to scale the range, but nothing related to entering, does anyone know how to do this in sierra? It must be possible.

Thanks,

Chris

Here's the documentation:
Attached Orders Feature - Sierra Chart

Trading Information Windows - Sierra Chart


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Last Updated on September 11, 2013


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