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Direct MessagesDate/Time: Mon, 06 May 2024 12:39:33 +0000
Scale out nearest
View Count: 2350
| [2019-01-09 11:48:20] |
| samual sprat - Posts: 343 |
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Hi, When the market is trending and i've scaled in a few positions, when I take profit and scale out, the oldest (best priced position) is scaled out instead of the nearest one. I have my Scale Out set to 'Nearest Orders'. I looked at the documentation for scale out nearest (https://www.sierrachart.com/index.php?page=doc/GlobalTradeSettings.html&CAID=default#ScaleOut): "When Scaling Out functionality is enabled for a chart or Trading DOM, then a setting of Nearest means the orders which are nearest to the current price are decreased in quantity or cancelled when the order for which Scaling Out functionality applies, is filled" Not sure why this is happening, any ideas? Thanks S |
| [2019-01-10 18:36:19] |
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We need to look this over and do some testing and update the documentation but we do believe the functionality is as it is intended to work but the documentation may not technically explain this correctly.
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 |
| [2019-01-10 18:48:25] |
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Here is the updated documentation: Global Trade Settings Windows: Scale Out (Global Settings >> General Trade Settings >> Scale In/Out) And make sure you are running the current version because this applies to the current version. 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 |
| [2019-01-11 13:11:08] |
| samual sprat - Posts: 343 |
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Hi, I tested out the latest build but the functionality is still the same from what I can tell, but I think you may have misunderstood what I was asking. Essentially the functionality would be to support the following scenario: I 'shorted the top' of a move and add 2 more positions on the way down. 1st position was 50.00, 2nd was 49.00 and 3rd was 48.00. Price reaches a place where a pullback is likely and I decide to scale out 1 of my positions. If I set a buy limit and it gets filled, then at the moment with scale out set to 'nearest orders', the 1st position is still being closed instead of the 3rd (and nearest). This doesn't make sense to me, I'm not sure why anyone would want to do this. Reason being with 'nearest orders' set I would expect that the 1st position should remain until 3rd and THEN 2nd have been closed. However, with 'furthest orders' set then 1st position should be closed, then 2nd then 3rd. This is what I was expecting at least Thanks S |
| [2019-01-23 17:31:23] |
| samual sprat - Posts: 343 |
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Hi, Any update on the last message? is that possible? does that make sense to you guys? Thanks S |
| [2019-01-25 20:11:18] |
| User136422 - Posts: 33 |
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I am interested into this too, +1
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| [2019-03-01 22:25:31] |
| fe3trade - Posts: 1 |
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I'm also having this problem. Never experienced this with Sierra before. And I've had it on 4 computers
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| [2019-03-02 00:24:34] |
| samual sprat - Posts: 343 |
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Hi, Any update on this? Thanks S |
| [2019-03-03 00:02:00] |
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Before you have this problem, can you provide us a screenshot of the chart showing the orders so we can have a better understanding of 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 |
| [2019-03-04 01:03:57] |
| User972768 - Posts: 166 |
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From this ticket it is hard to understand what type of calculation you're looking for. Perhaps new calculation type ("theoretical average") is the answer. Please take a look at another thread: Can't find expected way to calculate average price for position HTH |
| [2019-03-04 09:46:26] |
| User90125 - Posts: 715 |
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Sounds more like LIFO (last in, first out) it seems. See if this thread can help: Change trade order to LAST IN FIRST OUT
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