NexusFi: Find Your Edge


Home Menu

 





How to read bid at certain time and enter that price as limit?


Discussion in Sierra Chart

Updated
      Top Posters
    1. looks_one Sawtooth with 1 posts (1 thanks)
    2. looks_two bearpondtrader with 1 posts (0 thanks)
    3. looks_3 bradhouser with 1 posts (1 thanks)
    4. looks_4 iccs with 1 posts (0 thanks)
    1. trending_up 2,128 views
    2. thumb_up 2 thanks given
    3. group 4 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 iccs 
Dallas TX
 
Experience: Intermediate
Platform: SC
Trading: VX, ES, CL
Posts: 1 since Dec 2016
Thanks Given: 3
Thanks Received: 0

Hi, I want to use time of day as a parameter, get the bid price at that time and then automatically enter limit order n ticks below the bid. Is this possible in SC? Thank you.


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trump Media to sell instant access to market-moving soci …
Traders Hideout
No book, only a stair: journaling fills where price move …
Cryptocurrency
requesting .nrd replay files from 2026 spy and qqq
The Elite Circle
Datafeed for Atas
Platforms and Indicators
My Rant with AMP Futures
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Mes vs MNQ
6 thanks
NexusFi site changelog and issues/problem reporting
5 thanks
BERN ALGOS algo trading journal
3 thanks
TopStep Trader disappointment
2 thanks
Running trading strategies on a VPS
1 thanks
  #2 (permalink)
bradhouser
Northern California where the girls are warm
 
Posts: 125 since Nov 2010
Thanks Given: 16
Thanks Received: 72

You can do it with spreadsheets. There are a bunch of cells in column J that can be read and included in formulas. You can trigger limit orders at specific prices, based on your criteria. If you aren't familiar with spreadsheets, Sierra has excellent documentation.




Sent from my iPad using NexusFi


Reply With Quote
Thanked by:
  #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
Thanks Given: 222
Thanks Received: 608



iccs View Post
Hi, I want to use time of day as a parameter, get the bid price at that time and then automatically enter limit order n ticks below the bid. Is this possible in SC? Thank you.

Besides a custom program, the only way to automatically place a limit order as you describe is to use the Spreadsheet System for Trading study.

You'll need to enter your trigger formulas in K3 and M3, referencing A3 or J41, e.g.:
=AND(A3-INT(A3)>TIMEVALUE("09:29:59"),A3-INT(A3)<TIMEVALUE("09:30:01"))
=AND(J41-INT(J41)>TIMEVALUE("09:29:59"),J41-INT(J41)<TIMEVALUE("09:30:01"))

You'll need to set the limit prices in J22 and J24:
=J12-n*J21
=J14+n*J21
where 'n' is the offset in ticks.

You'll need to set the order types in J71 and J73 to 'L'
'
Signal Only On Bar Close' should be set to No.

You don't have to use M3/J14 if you don't want to go short.


Reply With Quote
Thanked by:
  #4 (permalink)
 bearpondtrader 
Charlotte, NC/USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Infinity, AMP, Dorman
Trading: Futures ES, CL, GC
Posts: 34 since Jun 2012
Thanks Given: 78
Thanks Received: 27


iccs View Post
Hi, I want to use time of day as a parameter, get the bid price at that time and then automatically enter limit order n ticks below the bid. Is this possible in SC? Thank you.



You should be able to accomplish this with the spreadsheets.


Sent from my iPhone using NexusFi


Reply With Quote




Last Updated on February 12, 2017


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts