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Direct MessagesDate/Time: Sun, 26 May 2024 02:27:19 +0000
Scaling In and Out
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| [2016-02-10 19:01:56] |
| User399560 - Posts: 2 |
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I have read the other posts regarding this topic, however I am unable to find one that relates to my question so apologies if this has been answered already. I have read the documentation regarding adjusting the Scaling In and Out and FIFO,LIFO and find that it works differently for different trades. If I am averaging up (ie. I am buying above my original order), then when I scale out, the entry price I am left with is the 2nd entry. I have adjusted the settings by unchecking the LIFO tick box under General Trade Settings and this corrects it. If I am averaging down (ie. buying below my original order), if I leave the LIFO box unchecked, when I scale out, I am left with the original price entry and not the 2nd. Therefore to correct this, I have to check the LIFO box. Is there a way to ensure that no matter what type of entry is taken, buying/selling above/below my original entry, I do not have to amend the trade settings each time dependent on what type of trade is taken? I have seen it before on other platforms where if you average up/down, when scaling out, your average price remains where it is instead of moving around each time you scale out. Or is this to do more with the data provider/broker etc? I have also adjusted the Scale In to Nearest/Furthest and Scale out but this requires adjustment again depending on what type of strategy is used. Hopefully the above make sense. If you need a picture etc, let me know. Thanks. |
| [2016-02-11 03:18:41] |
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It sounds like what you are interested in is the Flat to Flat Average Price Calculation. This is documented here: https://www.sierrachart.com/index.php?page=doc/doc_GlobalTradeSettings.html#FlatToFlatAveragePriceForPosition Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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