Support Board
Date/Time: Sun, 15 Jun 2025 16:01:26 +0000
Global Profit Loss - "Calculate from Max profit" feature request
View Count: 264
| [2025-06-05 19:49:25] |
| User414556 - Posts: 5 |
|
Hi, I wanted to ask about feature request (check mark option ) in Global Profit Loss Management so if the user define global profit loss at for example -200 $ level it will be calculated from the actual Daily Profit level. For example : 1. If the user will check option "Calculate from Max profit" and has +500 daily profit and he entered -200 $ Daily loss the trading lock will be enabled at +300 Daily Profit level 2. If the user will uncheck "Calculate from Max profit" lock will be enabled when Daily profit will be at -200$ level . I hope I described it clearly enough. It works like a clutch, it doesn't let you lose more than you've earned. Date Time Of Last Edit: 2025-06-05 20:19:52
|
| [2025-06-05 20:01:21] |
| John - SC Support - Posts: 40422 |
|
There is no option for "Calculate From Max Profit" in the "Global Profit Loss Management" options. Where are you seeing this?
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-06-05 20:07:35] |
| User414556 - Posts: 5 |
|
Hi John , This is Feature Request :). There is no such option . I kindly asked if you can implement such check mark. Should be pretty easy to implement such feature. :) In the works it is similar to trailing stop loss but based on daily profit loss. Date Time Of Last Edit: 2025-06-05 20:33:24
|
| [2025-06-05 20:37:58] |
| John - SC Support - Posts: 40422 |
|
No wonder we were confused. You did mention Feature Request, but we did not understand exactly. We take all requests for changes, but we can not say when we would get to any particular item. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-06-05 20:43:59] |
| User414556 - Posts: 5 |
|
Thank you for taking the time to review my request. I’d like to further clarify the reasoning behind this proposed feature and why it could be valuable for traders using Sierra Chart. The "Calculate from Max Profit" option would act as a safeguard, ensuring that traders don’t lose more than they’ve already earned during the trading day. It essentially functions like a dynamic clutch mechanism for risk management. Here’s how it would work: If the option is enabled, and the trader has a daily profit of +$500 while setting a loss limit of -$200, the trading lock would activate when the profit declines to +$300 (instead of waiting for it to drop into negative territory). If the option is disabled, the lock would only activate once the total daily profit reaches - $200, which is the current functionality. Why is this feature useful? It enhances money management by allowing traders to better secure their gains while controlling their downside risk. It is a simple implementation, mathematically similar to a trailing stop-loss mechanism, making integration straightforward. It aligns with traders’ needs, as many struggle with protecting profits effectively; this option offers an automated way to minimize emotional decision-making. Other traders would likely find this highly beneficial, making Sierra Chart even more robust in risk management tools. I appreciate the consideration, and I hope this proposal can be explored further. Thank you! Best regards Date Time Of Last Edit: 2025-06-05 22:08:13
|
To post a message in this thread, you need to log in with your Sierra Chart account: