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Date/Time: Sun, 15 Dec 2019 15:34:22 +0000



Change trade order to LAST IN FIRST OUT

[2019-01-22 17:33:04]
jsoviero - Posts: 81
Please provide the instruction for customizing the order of trade execution. My platform is currently set First In First Out. I want to change it to Last In First Out. Thanks in advance :-) !
[2019-01-22 20:45:56]
Sierra Chart Engineering - Posts: 79194
Are you referring to how orders are matched together in the Trade Activity Log and within a chart?
Sierra Chart Support - Engineering Level

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[2019-01-22 21:15:20]
jsoviero - Posts: 81
Hello Support,

Yes, I want orders matched on a "most recent order in, most recent order out basis" This is the same as saying "oldest order in, last order out.

my current platform is "oldest order in, first order out basis"

I want to be able to scalp around a position. So the first position placed will remain while I open and close subsequent positions.

This "LIFO concept is basic 101 accounting. It determines how you value your inventory while you are actively increasing and decreasing your inventory.

Thank you in advance for your help.
[2019-02-26 04:04:31]
whats1thingnow - Posts: 254
not sure what the conclusion from https://www.sierrachart.com/SupportBoard.php?ThreadID=37263 is but the thread is locked...

i'm also looking for instruction like post #1 so sierra is LIFO, not FIFO.

i have enabled
1) Chart >> Chart Settings >> Advanced Settings 3 >> Open Position Average Price = Use Last In First Out Fill Matching for Open Position Average Price (https://www.sierrachart.com/index.php?page=doc/TradeStatusWindows.html#HowAveragePriceForPositionsIsCalculatedAndUsed)

2) Global Settings >> Chart Trade Settings. Enable the option Order Fills >> Display Entry/Exit Connecting Lines

after this, i tested. but as the connecting lines confirmed, it's still using FIFO, not LIFO

not sure if 3 & 4 are needed to make LIFO work... but here is what i tried (with 1 & 2 still enabled):

3) Trade >> Open Trade Window for Chart >> Menu/M button and make sure there is a checkmark by Support Scale Out (https://www.sierrachart.com/index.php?page=doc/AttachedOrders.html#ScalingOut)

4) not sure if this helps at all with LIFO because the last order should be the first out regardless if it's the nearest order or furthest order ... but i have Global Settings >> General Trade Settings >> Scale Out setting = nearest order (https://www.sierrachart.com/index.php?page=doc/AttachedOrders.html#ScalingOut)

after this, i tested. but as the connecting lines confirmed, it's still using FIFO, not LIFO

please let us know how to configure sierra to LIFO

thanks for the help!
Date Time Of Last Edit: 2019-02-26 16:53:04
[2019-02-26 14:25:12]
binaryduke - Posts: 199
LIFO would be very useful for chart trading/position lines.
[2019-03-02 08:29:39]
Sierra Chart Engineering - Posts: 79194
This is coming but we are getting behind on it. Other priorities have come up.
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.
[2019-06-16 01:07:12]
whats1thingnow - Posts: 254
looks like this is done :)

1926 Release Date: 2019-05-28

Added support for Last In First Out order fill matching. When using this matching method, this is less efficient than first in first out.
[2019-06-16 03:48:06]
Sierra Chart Engineering - Posts: 79194
Yes.
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.
[2019-08-08 18:17:00]
User529356 - Posts: 30
Hey friends! I just read through this conversation about LIFO order processing and am interested to find out more. Is it possible to toggle between FIFO and LIFO order processing presently?
[2019-08-09 06:36:29]
Sierra Chart Engineering - Posts: 79194
LIFO is supported in the newer versions of Sierra Chart for the Trade Activity Log and for charts.

You can find information about the menu command for this here:
https://www.sierrachart.com/index.php?page=doc/TradeActivityLog.php#MenuCommands
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: 2019-08-09 17:53:38
[2019-08-09 11:14:24]
User212764 - Posts: 208
Nothing about menu command for LIFO at the link posted.
[2019-08-09 17:53:18]
Sierra Chart Engineering - Posts: 79194
Thank you for pointing that out. That was not the right link. We mistakenly put a support board link. We have updated the post and here is the correct link:
https://www.sierrachart.com/index.php?page=doc/TradeActivityLog.php#MenuCommands

Specifically refer to this menu command:
Edit >> Use Last In First Out Fill Matching:
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: 2019-08-09 17:54:31

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