Hey @miked and @James00trades it might help if you attach some screenshots, but here is what is supposed to happen:
This is an example of when you are trying to go long
On QCOM I want my stop to be 164.13. So I double click on the chart at that price and hit the first hotkey:
You will not see anything on the chart at this point.
The price is currently at 164.25 and I want my entry to be from 164.29. So I double click on the chart at that price and hit the second hotkey:
DefShare=BP*0.97;Price=Price-StopPrice;SShare=30/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare; SShare=Share;Share=Price*100; Price=StopPrice; DefShare=Price*100; Price=Share/100; Price=Price+StopPrice; StopPrice=Price; Share=SShare; TogSShare; Price=Price+.05;TIF=DAY+;Route=Stop;StopType=Limit; Buy=Send; Share=DefShare;Price=Share/100; StopPrice=Price; DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
This will show on the chart (below) as a range order, as the hotkey is set to do a 5 cent range (Price=Price+.05) - you can change this to whatever you're comfortable with. You will not see the stop loss on your chart until the price comes up and this range order is triggered.
As you can now see (below), the price has come up and entered me at 164.30 (as that price was in the 5 cent range of 164.29 - 164.34). You will also see that the stop loss has triggered upon entering the position at the original price I clicked on the chart - 164.13.
Does this explanation help a bit? I think it might be seeing the range order that is confusing.