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Date/Time: Sun, 28 Apr 2024 13:50:40 +0000



unmanaged automated trading and MaximumPositionAllowed

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[2017-06-20 15:18:07]
DabbaDo - Posts: 146
I'm doing unmanaged automated trading from ASCIL, and the MaximumPositionAllowed setting seems to be ignored.

This is consistent with what you said at Amount per trade (ACSIL) | Post: 78204 -- "For unmanaged automated trading, sc.MaximumPositionAllowed does not apply."

But when I look at the documentation, at Automated Trading Management: Unmanaged Automated Trading you say to set "MaximumPositionAllowed to the maximum Trade Position Quantity you want to allow for your automated trading system or set this to twice that Quantity to ensure MaximumPositionAllowed does not restrict order entry"

And at Automated Trading Management: MaximumPositionAllowed I don't see any discussion whether or not it applies to unmanaged automated trading.

So should I look for a bug in my study to see why MaximumPositionAllowed is being ignored, or is it *supposed* to be ignored?

Thank you,
Dale

[
By unmanaged automated trading, I mean that I'm using BuyOrder/SellOrder with these settings:
    sc.AllowMultipleEntriesInSameDirection = true;
    sc.AllowOppositeEntryWithOpposingPositionOrOrders = true;
    sc.CancelAllOrdersOnEntriesAndReversals = false;
    sc.AllowEntryWithWorkingOrders = true;
    sc.AllowOnlyOneTradePerBar = false;
]
[2017-06-21 05:13:31]
Sierra Chart Engineering - Posts: 104368
Not sure why in that other thread we said it does not apply because certainly it always does apply unless the study function is trading a different Symbol and/or Trade Account. It may have been based on their type of question and we thought really that was not the particular variable they wanted to use.

, and the MaximumPositionAllowed setting seems to be ignored.
This cannot be true.

I don't see any discussion whether or not it applies to unmanaged automated trading.

This is because all of the automated trading variables do apply all the time, but they need to be set a certain way in order to create unmanaged automated trading.
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

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