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Ordertypes setup


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  #1 (permalink)
Jon2snow
Stuttgart
 
Posts: 4 since Jan 2019
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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?


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  #2 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
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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.


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  #3 (permalink)
Jon2snow
Stuttgart
 
Posts: 4 since Jan 2019
Thanks Given: 1
Thanks Received: 0



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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Last Updated on January 8, 2019


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