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Limit order at market price?


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  #1 (permalink)
 sw88 
New Haven, CT/USA
 
Experience: Beginner
Platform: MT4, thinkorswim
Trading: stocks
Posts: 34 since Jul 2015
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I see sierra chart has a limit chase order, but still didn't quite figure out how to use it.

Another problem I have is that I want to put a buy/sell order at market price, and okay to chase by couple of ticks. So far, the only way I can see is that I manually enter a limit price then click buy or sell; or carefully use crosshair point to find the market price, then right click the chart menu to put in buy or sell limit order. Is there any way that I can put in a buy/sell limit order at market price with one click?


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  #2 (permalink)
 Sawtooth 
Prescott AZ USA
 
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sw88 View Post
I see sierra chart has a limit chase order, but still didn't quite figure out how to use it.

Another problem I have is that I want to put a buy/sell order at market price, and okay to chase by couple of ticks. So far, the only way I can see is that I manually enter a limit price then click buy or sell; or carefully use crosshair point to find the market price, then right click the chart menu to put in buy or sell limit order. Is there any way that I can put in a buy/sell limit order at market price with one click?

Use the Chart DOM: Trade >> Trading Chart DOM On

Then set the Chart DOM settings like those in the attached pic:
Global Settings >> Chart DOM Settings.
This will give you the correct order type on both sides of the current price.

Then uncheck all Confirmations in the Trade Window >> Main tab >> M button >> Confirmations

Here's the documentation on Limit Chase orders:
Order Types - Sierra Chart


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Last Updated on February 5, 2016


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