Support Board
Date/Time: Wed, 10 Sep 2025 07:10:29 +0000
How to Automatically Place a Buy Stop to Scale In After Initial Long Entry (Spreadsheet Tr
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| [2025-07-16 18:44:32] |
| User919871 - Posts: 1 |
|
Hi, I’m using the Spreadsheet System for Trading and I want to set up an automatic Buy Stop order to scale into a position after my initial long entry has triggered. Here's exactly what I'm trying to do: I already have a working Buy Entry in row 3 (column K3), which enters a position based on custom conditions. Once I'm in a long position, I want to automatically place a Buy Stop when specific conditions are met throughout the trade (ie. MA crossover) to scale in if price moves up/down. Can you please confirm the correct way to do this in the spreadsheet: 1. What exactly do I need to put in the columns to properly place a simple (example) Buy Stop scale-in order after the first entry? 2. Is there a better way to handle multi-level entries or scale-ins within the same spreadsheet? Thanks! |
 Sierra Chart Spreadsheet Example.png / V - Attached On 2025-07-16 18:43:56 UTC - Size: 266.53 KB - 46 views |
| [2025-07-16 19:08:34] |
| John - SC Support - Posts: 41709 |
|
To do this, for a Buy Entry with a Stop, you would need to do the following: - Cell K3 needs to go to "False" after the initial position has been created. - The J column cell associated with "Limit or Stop Price - Buy Entry (K)" would need to be set to the price at which you want to enter the Stop. - The J column cell associated with "Buy Entry: Order Type. M=Market,L=Limit,S=Stop,SL=Stop-Limit,MIT=MarketIfTouched" would need to be changed to the type of entry you want (Stop or Stop Limit). After the above is setup properly, then cell K3 would need to go to "True" in order for the order to be placed. You then need to ensure that the cells reset back to what you need to open a new position when that occurs. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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