Support Board

Date/Time: Tue, 07 May 2024 06:27:23 +0000

Post From: Riskmanager

[2021-09-30 19:44:19] Link To Thread - Link To Post [Go To First Post]
Angelo Imstepf - Posts: 15
Hi there, could you please improve your riskmanager or global risk management? here is what is bothering me: why does the riskmanager only work per symbol? it is not efficient at all. Lately i had the following scenario: I was trading GC & CL, my global riskmanagment adjustment is to flatten all trades when i reach a drawdown of -500$. I was down on CL 400$ & also in a Trade. I was up in GC 400$ & also in a winning Trade up 400$. Then the riskmanager was triggeret when my CL trade hit the -500$ mark on the symbol & closed my winning trade i had in GC also, who was still up over 400$!! Thats not how riskmanagement should work. i was overall still 400$ up & couldn't trade anymore because the software was locked until the next day. Can't you costume the riskmanager so it works for the overall balance & not just for each symbol individual? that also doesn't make sense because the riskmanager should protect me from myself, i depend on it. so what is my idea when im almost down on one symbol? right i go to the next until i almost reach my limit there & go to the next & so on. I know its also my responsibility for keeping myself from overtrading, but in that way i can't use the Sierra Riskmanager at all. Thanks & Greetings Date Time Of Last Edit: 2021-09-30 19:47:32