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Direct MessagesDate/Time: Fri, 26 Apr 2024 21:30:00 +0000
DOM BE button flawed
View Count: 1574
| [2017-11-15 11:01:32] |
| User19165 - Posts: 346 |
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When you scale-in to a position and then you hit the BE button on the DOM, it moves the stops to the wrong price. An example, buy 1@100, buy 1@80 - average price is 90, hit the BE button and it will move the stops to 100.
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| [2017-11-15 17:25:41] |
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We do not see a problem with this because the way this works is that each individual Stop Attached Order is going to be moved to the average fill price of its parent order. This is what you should be seeing. 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 |
| [2017-11-15 23:40:43] |
| User19165 - Posts: 346 |
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In my example above, the parent order is the first order that is filled, that is the buy at 1@100, right? If that is right, then the first order filled when scaling-in is always going to be the parent order? If that is right, huge flaw into what every trader on the planet would consider to be break even. Your version of the functionality forced me out of trades prematurely last night when I hit the BE button after it moved through my correct average fill price but price was still below the first fill price. This caused the order to execute immediately and knock me out of a great winner early. The average fill price is displayed on your DOM when you scale-in and as such the BE button should be adjusting to that shown price. Date Time Of Last Edit: 2017-11-15 23:43:05
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| [2017-11-17 19:23:48] |
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We definitely cannot use the Position Average Price. That is not always going to be a reliable point of reference. We are using a reliable point of reference. We would never use the Position Average Price because there are numerous cases where that is going to be a wrong price. Are you using the Scale In functionality?: Attached Orders: Scaling In 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 |
| [2017-11-17 23:23:02] |
| User19165 - Posts: 346 |
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Yes, I am using that scalein setting. Why is it not possible to use the position average price? That is the price I use if I have to think about it in my head. When you scale-in/out, your BE is always going to be dynamic - that is the whole point of doing scale-in/out. |
| [2017-11-20 19:15:07] |
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OK we will see what we can do to solve this since you are using Scale In. There is a way for us to do that. We definitely cannot use the Position Average Price because for various reasons it is not always going to be accurate. More information about this here: Trading Information Windows: How Average Price for Positions Is Calculated and Used 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 Date Time Of Last Edit: 2017-11-20 19:15:54
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| [2017-11-20 19:41:29] |
| Xfanman1 - Posts: 320 |
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OK we will see what we can do to solve this since you are using Scale In. There is a way for us to do that.
This is a major and often costly annoyance for me (and I'm sure others too). I appreciate you looking into this also. Date Time Of Last Edit: 2017-11-20 19:42:35
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| [2017-12-18 04:11:51] |
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This will be solved in version 1671. The averaging of the fill price, when there is scaling in, has already been supported with Move to Breakeven Stop functionality for Attached Orders. We just had to extend it to this function as well.
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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