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Direct MessagesDate/Time: Sat, 18 May 2024 23:42:24 +0000
LMAX Profit/Loss Calculation seems wrong
View Count: 1027
| [2018-11-19 09:16:30] |
| ILIM KIRGIZ - Posts: 187 |
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Hi there, After the recent update, I started to face a wrong profit-loss calculation on Attached Order stop loss and profit target lines on chart trading. For LMAX I'm aware that a quantity states 10 in trade window quantity field equals to 1 contract at LMAX. LMAX defines 1 contract as 10.000 unit of the base currency (currency pair=base currency/quote currency) I would like to share an example to convey my issue. USDCAD pair: Currency value per tick defined as 0.01 Tick Size is defined as 0.000010 in global symbol settings of USDCAD. I create a test order as a simulation trade in SC. I used the simple bracket. 100 ticks for stop loss and 100 ticks for profit target from the entry. I used Sierra Quantity as 10 which is 1 contract at LMAX which is 10.000USD as position size. But I look at the stop-loss and profit take lines at the chart I see 7.5 USD for both. But It should be 75$. When I change Currency value per tick defined as 0.01 to 0.1 I can see 75$. I face this issue with all FX pairs at LMAX. Could you please check and advice? Thanks. Date Time Of Last Edit: 2018-11-19 12:02:49
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| [2018-11-20 08:05:03] |
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We need some time to look this over.
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 |
| [2018-11-20 08:24:34] |
| ILIM KIRGIZ - Posts: 187 |
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Thanks, I'm looking forward to hearing from you soon.
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| [2018-11-20 11:30:43] |
| JanS - Posts: 46 |
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If you trade 10 Pips (i.e. 100 Ticks in LMAX charts), you are going to make a profit/loss of 100 CAD when trading 100 (SC)/10 (LMAX) contracts. So if you only trade 10 (SC)/1 (LMAX) contract, the max profit at 10 pip would indeed only be 10 CAD (i.e. 7.50 USD).
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| [2018-11-21 10:59:08] |
| ILIM KIRGIZ - Posts: 187 |
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Thanks.
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| [2018-11-26 01:15:03] |
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We have verified that the calculations are correct.
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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