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Limit of position size + limit of number of limit orders

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[2018-03-24 12:28:33] #1 [Go To First Post]
User39949 - Posts: 25
1) How do I limit the maximum number of limit orders? 2) How to limit the maximum size of the open position? Thank You

[2018-03-27 18:48:10] #2 [Go To First Post]
User39949 - Posts: 25
Please help me and answer my question? Thank You

[2018-05-24 16:08:43] #3 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
That would be a great thing to implement for day-traders to avoid this from happening: http://www.smbtraining.com/blog/if-you-cannot-solve-this-trading-issue-you-ought-to-find-new-work

[2018-05-24 17:09:41] #4 [Go To First Post]
Xfanman1 - Posts: 320
You can do some of what you're asking with Global Profit/Loss Management --> Global Profit/Loss Management -- Scott

[2018-05-25 20:14:29] #5 [Go To First Post]
User948528 - Posts: 108
Limiting number of simultaneous open positions would also be useful.

[2018-06-01 20:08:25] #6 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
Is it true that global profit/loss Management applies to all accounts? ...and you cannot apply it on just one account?


Selectie_065.png / V - Attached On 2018-06-01 20:07:22 UTC - Size: 63.73 KB - 385 views

[2018-06-04 11:23:05] #7 [Go To First Post]
User39949 - Posts: 25
To User416109: This is a matter of course. It's about catching the price with more than one limit order. If one of them is filled in, I do not want the others to be filled!

[2018-06-04 11:41:32] #8 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
1) How do I limit the maximum number of limit orders? 2) How to limit the maximum size of the open position? This is now supported in the latest version and there are settings for this for each symbol in Global Settings >> Symbol Settings. Limiting number of simultaneous open positions would also be useful. This is something actually we just developed today as part of our futures trading evaluator service. But there is a little more work we need to do for it to be used directly by the end user within Sierra Chart. Is it true that global profit/loss Management applies to all accounts? ...and you cannot apply it on just one account? Yes, this is the case. Did you need to limit it? 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: 2018-06-04 11:42:22

[2018-06-05 17:58:59] #9 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
Is it true that global profit/loss Management applies to all accounts? ...and you cannot apply it on just one account? Yes, this is the case. Did you need to limit it? Yes. I try to get it done now by creating a new username / password with my broker that only have access to one specific trade account, which I then use for Sierra Chart so in Sierra Chart I can apply the global profit/loss Management rules. Otherwise it might apply the global profit/loss Management on other accounts I can see, and mess things up. But it would be useful if you can define the global profit/loss Management in Sierra chart, on a per account basis. Another thing: I was crossing the limit today, but in the global profit/loss Management in Sierra chart remained on 0, this while I entered the orders in the Sierra DOM (see screenshot). I assume this is because it also includes the other accounts, which together did not reach the global limit. Date Time Of Last Edit: 2018-06-05 21:26:43


Private File

[2018-06-05 21:28:45] #10 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Otherwise it might apply the global profit/loss Management on other accounts I can see, and mess things up. Actually, the Global Profit/Loss Management only applies to the trading accounts being used by the open charts/Trading DOMs used for trading. So this is a method to limit its scope. Another thing: I was crossing the limit today, but in the global profit/loss Management in Sierra chart remained on 0, this while I entered the orders in the Sierra DOM (see screenshot). Why this can be the case is explained on this page: Global Profit/Loss Management I assume this is because it also includes the other accounts, which together did not reach the global limit. No this is not correct, the profit/loss is tracked per account. 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: 2018-06-05 21:29:56

[2018-06-06 15:20:58] #11 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
If I checkmark the boxes, and switch the account in the menu they remain checked. If I uncheck the boxes, and switch the account in the menu they remain unchecked. Yesterday I crossed the limits set, and Sierra chart did not flatten and lock for the day. Something seems wrong in my experience.

[2018-06-06 21:29:02] #12 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
If I checkmark the boxes, and switch the account in the menu they remain checked. If I uncheck the boxes, and switch the account in the menu they remain unchecked. The Status Trade Account setting you are referring to does not work like this and the documentation does not explain this either. It is only for the status displays. Yesterday I crossed the limits set, and Sierra chart did not flatten and lock for the day. Something seems wrong in my experience. Read through the documentation here for an explanation: Global Profit/Loss Management: Introduction In the Global Profit/Loss window status displays are you noticing the Net PL changing for the account as the market changes price when you have an open position? 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: 2018-06-06 21:34:21

[2018-06-07 17:32:44] #13 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
the Net PL was not changing and remained on 0.00C all the time.

[2018-06-07 21:13:17] #14 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Go to the chart or trading DOM you are trading from and look at the Open Profit/Loss in the Daily Profit/Loss. Refer to: Chart Trading and the Chart DOM: Viewing Open, Daily, and Cumulative Closed Profit/Loss Are those values accurate there? And are you performing trading from Sierra Chart itself or another program? 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: 2018-06-07 21:13:32

[2018-06-09 16:03:23] #15 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
On the DOM the values where accurate. I was using the Sierra Chart DOM to enter and exit the trades. On the DOM it showed the position size and profit/loss accurately.

[2018-06-09 21:48:51] #16 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Okay there must be some kind of misunderstanding. Provide a screenshot of the Trade Window for the chart or Trading DOM you are using. Then provide a screenshot of the Global Profit/Loss Management window showing the net PL for the same trade account. Both of these can be privately attached. Refer to: https://www.sierrachart.com/index.php?page=PostingInformation.php#Image 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

[2018-06-12 14:25:50] #17 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
Attached the screenshot. Is this helpful?


Private File

[2018-06-12 19:06:08] #18 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Next time you are flat that particular symbol, clear the trade activity data for the Symbol and Trade Account following these instructions: Trade Activity Log: Clearing Trade Activity Data Also it is just possible you will have ongoing problems with Global Profit/Loss Management when using Interactive Brokers just due to the design of that system. So there really is not much we can do to help if these instructions do not provide a solution. 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

[2018-06-12 19:17:55] #19 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
I followed the instructions and cleared all trade activity data and disconnected and re-connected but the outcome is still the same. It is a pity the Global Profit/Loss Management can't be fixed as it would be helpful for me but I understand there are limitations due to my broker, interactive brokers. Thanks for your help.

[2018-06-12 19:39:44] #20 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Maybe you are using an Interactive Brokers financial advisor account? 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

[2018-06-13 01:30:59] #21 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
No I have the individual trader account with IB. Thinking about this, I would assume that if Sierra Chart receives the correct information from IB in one place, such as for the DOM, or a trade-log, it should also be able to use this information in other places, such as the Global Profit/Loss Management. But I understand there are limitations depending on which broker you use.

[2018-06-13 18:45:45] #22 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We are not sure what the problem is. One question we have is why the Daily Profit/Loss is zero. Review this section here: Help With Daily Profit/Loss Value Make sure this command is also disabled: https://www.sierrachart.com/index.php?page=doc/TradeMenu.html#UseFillCalculatedPositionsGlobal 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: 2018-06-13 18:45:52

[2018-06-22 18:10:05] #23 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
I read the information on the links provided. What I do notice is that the 'Trade Activity Log' is empty. I did follow the instructions on: Trade Activity Log: Clearing Trade Activity Data to make sure it are not the settings that does not let me show me the trade activity log. I have attached my Trade Activity Log file and it does not seem to be corrupt. If I open it in textpad I can see a KC (coffee) trade being registered. But when I was trading it, the Daily Profit/Loss value remained: 0 And per my understanding the Global Profit/Loss Management information is based upon the Daily Profit/Loss, which is based upon the trade log. I have the 'Number of Days to Save in Trade Activity Log' set on 96. The KC order have been entered from the Sierra Chart DOM, connected to my Trading service. My computer have the accurate time synced with a time-server. Computer time to server time difference: 00:00:00.154 \| 2018-06-22 13:44:18 I do not think the issue is related to the symbol settings as the issue applies on both KC (coffee futures) as QM (Crude oil mini futures).


Private File

[2018-06-25 16:54:32] #24 [Go To First Post]
Programming_autotrading_phonesup - Posts: 59
Today, after I opened and closed a trade on the DOM I did get to see the Daily Profit/Loss field filled with data for the first time. But the Global Profit/Loss Management information still remained 0 (see screenshot attached).


Selectie_093.png / V - Attached On 2018-06-25 16:54:05 UTC - Size: 131.81 KB - 361 views

[2018-06-25 17:20:29] #25 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Actually, it is really quite clear what the problem is based on post #24. There is one particular chart which is maintaining a Trades list which the Global Profit/Loss management is referencing which has a Daily PL of 0 for unknown reasons. If you update to the current version of Sierra Chart you can then see which particular chart is the cause of the problem by looking at the Trade Stats for Charts tab: Trade Activity Log: Trade Statistics for Charts (Chart Stats) Tab But thinking about this some more, you cannot just look at one particular chart for the daily profit/loss unless that is all you are trading. You have to look at all the charts that are open for that Trade Account and then add those together. 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: 2018-06-25 17:24:12

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