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Direct MessagesDate/Time: Wed, 24 Apr 2024 22:08:18 +0000
Post From: Incorrect calculation of ticks & currency for stopp-loss order?
| [2022-09-28 13:04:07] |
| mk53v3n - Posts: 64 |
|
Hi, I have a question regarding the orange "preview lines" (not sure what the official name is) which appear in a chart when moving/dragging an order line with the mouse: They show the currency & ticks that I would gain or lose when the corresponding order is executed in the round brackets (see screenshot). While the shown values are calculated correctly when I move my limit orders, they are somehow wrong for my stop-loss order: As you can see on the screenshot, I have three targets defined, each with a quantity of 1. When I move my stop-loss order, I would expect that the value in the round brackets takes all my open positions into consideration, which in my case is 3 contracts in the Micro S&P 500. So, for every tick that I move my stop away from my entry, I would expect to see an increased risk of 3 ticks and consequently 3 * 1.25 USD (because I am trading 3 lot). However, instead the brackets only show the risk for one single contract (and only indicate with TQ:3 that it's actually three). For example, as shown in the screenshot, when I move my stop 40 ticks away from my entry, I would expect to see 3 * 40 = 120 ticks and 3 * 40 * 1.25 USD = 150 USD risk in the round brackets. But instead it only shows a risk of 40 ticks and 40 * 1.25 USD = 50 USD in the brackets, as if I only had 1 open position and not 3. This is quite confusing and requires me to calculate my actual real risk for my open position myself every time I move my stop. Am I missing something here? Is there maybe a setting somewhere in Sierra Chart that I need to activate to see the “real” accumulated risk for all currently open positions in these brackets? |
 Sierra Chart Question.png / V - Attached On 2022-09-28 13:02:16 UTC - Size: 39.94 KB - 65 views |