Support Board
Date/Time: Sun, 15 Jun 2025 16:53:23 +0000
Post From: Global Profit Loss - "Calculate from Max profit" feature request
| [2025-06-05 20:43:59] |
| User414556 - Posts: 5 |
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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
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