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Direct MessagesDate/Time: Thu, 02 May 2024 09:05:38 +0000
Post From: Daily Net Loss Management apparent issue?
| [2021-05-06 19:33:38] |
| User98657 - Posts: 304 |
|
I was trying to implement use of the Daily Net Loss management feature. I had a rough morning and was thinking I might be at my DLL. I went to check and saw I was not yet at my DLL. I then checked the settings on Daily Net Loss Management and selected Flatten Position When Loss Rules Met, hit save, and then noticed I was in fact locked out. My Loss Trigger Value was set at -225. Only trading one account, and one symbol. When I checked the Trade Activity Log > Statistics I saw I was actually down 205.56. This amount (-206) agreed with my external Excel calculations. I searched all the help files and could not understand why the feature was locking me out early. I could understand locking me out a little late, but not early. And, it was strange that the platform contradicted itself in that in one place it showed me down 206, and in the other locked me out for being down more than 225, the Loss Trigger Amount. I then checked the Trade Service Log and I think that's where I found the issue. The Trade Service Log says: "Daily Net Los Management: Daily Net P/L = -1710. Loss Value of -255 has been met. Flattening Positions new for the Trade account......, Charts|RTYM21FUT_CME[M]........" I am trading on a chart that is set to the Symbol RTYM21_FUT_CME, but I am utilizing the Trade and Current Quote Symbol M2KM21_FUT_CME and have the Use As Trade Only Symbol box checked. My actual losses for the day are in Micros, not Minis. -1,710 would be the correct amount for Minis, less commissions (which tells me the Loss Management feature does not include commissions?). The Daily Net Loss Management seems to be calculating off of the Chart symbol as opposed to the symbol against which the trades were placed. |