Login Page - Create Account

Support Board


Date/Time: Fri, 20 Apr 2018 03:05:28 +0000



DOM BE button flawed

Support Request:
[2017-11-15 11:01:32]
Midknight - Posts: 121
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.
[2017-11-15 17:25:41]
Sierra Chart Engineering - Posts: 59264
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. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2017-11-15 23:40:43]
Midknight - Posts: 121
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
[2017-11-17 19:23:48]
Sierra Chart Engineering - Posts: 59264
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?:
https://www.sierrachart.com/index.php?page=doc/AttachedOrders.html#ScalingIn
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2017-11-17 23:23:02]
Midknight - Posts: 121
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]
Sierra Chart Engineering - Posts: 59264
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:
https://www.sierrachart.com/index.php?page=doc/TradeStatusWindows.html#HowAveragePriceForPositionsIsCalculatedAndUsed
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2017-11-20 19:15:54
[2017-11-20 19:41:29]
Xfanman - Posts: 124
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
[2017-12-18 04:11:51]
Sierra Chart Engineering - Posts: 59264
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. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.

To post a message in this thread, you need to login with your Sierra Chart account:

Login


Login Page - Create Account