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Trade Order Window

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Contents:

The Trade Order Window offers inputs and buttons for traders to configure then submit orders to the market. There is a main dropdown list at the top in which a user can switch between pre-saved order configurations by name, such as OCO orders. Then multiple tabs to configure order details, and a settings window for further customizations such as scaling in and out, stop loss distance, and order quantity.

Tips: The M button on the Main of the Trade Order Window brings up the settings. The “C” (compact) tab is an ideal tab over the bulky “Main” tab

Easy Steps to Setup Trade Order Window:

  • On the title bar hit Trade > Attach Trade Window To Chart
  • Click the Targets tab of the trade order window
  • Ensure there is a target and a stop loss order, if not, then click the Add button after selecting the order type by clicking the drop down list under Type

All Order Configurations - Stop(s) and Target(s)

  • On Title Bar hit Trade >
    • ‣
    Click the arrow to see image
  • Click the Targets tab. An OCO needs a Stop Loss Order and Target Order to be submitted. Ensure there is a target and a limit.

Buttons

The Order Quantity buttons can be changed from the SET tab of the order window.

Settings

Many settings are available from the Targets and Set tabs of the trade order window, but for other settings

Appearance

Appearance of the order window can be changed globally across all current and future charts, or it can be changed individually:

By default the graphics settings of charts will be set to Global Settings values. To adjust:

‣
Click Arrow to Expand
  • Title Bar: Global Settings > Graphics Settings - Global
  • Adjust the following Setting colors as needed:
    • Chart Trade Window Position Long/Profit Background Color
    • Chart Trade Window Position Short/Loss Background Color
    • Chart Trade Window Position Flat Background Color
    • Chart Trade Window Text Color

To edit graphics settings on an individual chart and ignore global settings:

‣
Click Arrow to Expand
  • Select the chart by clicking on it
  • Title Bar: Chart > Graphics Settings - Chart
  • Un-check the Use Global Graphics Settings…. Box
  • Adjust the following Setting colors as needed:
    • Chart Trade Window Position Long/Profit Background Color
    • Chart Trade Window Position Short/Loss Background Color
    • Chart Trade Window Position Flat Background Color
    • Chart Trade Window Text Color

Set Up OCO Orders Bracket

OCO stands for Order Cancels Order. This is primarily to maintain equal quantities for stop loss and target orders. When a trade is put initiated both a stop loss and target order are sent to market.

  • Open an Order Entry window as described in the steps above
  • From the top of the Entry Window, click the arrow to expand a list of Order Configurations
  • Select the Simple Bracket
  • Switch to the Targets tab
  • Add Stop(s) and Targets as needed, or modify default orders
    • Add
    • Offset Type: Choose ticks, point, or percentage
    • Type: Stop for stoploss, Limit for Target
    • Offset: Set distance to place the order
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Set Up Trailing Orders

  • Open an Order Entry window as described in the steps above
  • From the top of the Entry Window, click the arrow to expand a list of Order Configurations
  • Select the Simple Bracket or another Custom Configuration

Scaling In and Out

  • Open an Order Entry window as described in the steps above
  • Press M to open the Menu
  • Hover over Orders, and click to checkmark the following:
    • Support Scale In
    • Support Scale Out

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Sierra Chart Master Handbook - Unofficial

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