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Direct MessagesDate/Time: Tue, 07 May 2024 15:13:51 +0000
request for tools to protect account form a wipeout.
View Count: 671
| [2019-05-21 12:55:37] |
| User360283 - Posts: 440 |
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Trading the ES with a small account can be dangerous due to sudden price swings via news items. Sierra currently lacks the toos so that one can automatically generate a protective FLATTEN order. Here is what's needed. 1. Real time account balance and Open P&L data. 2. The ability to generate a FLATTEN order when the Open P&L hits a preset level without locking out the account for the remainder of the day. Example: =flatten(openpl<mystoploss) Note that this is not a regular stop loss order. |
| [2019-05-21 17:04:30] |
| User360283 - Posts: 440 |
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please a field for position so that the code might be =flatten(and(position>0,(openpl<mystoploss)) |
| [2019-05-21 20:19:08] |
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This is already supported: Global Profit/Loss Management . Real time account balance This is something that Sierra Chart cannot control. This would be handled by the underlying service which in your case would be CQG.
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 |
| [2019-05-22 01:30:15] |
| User360283 - Posts: 440 |
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1. The Global Profit Loss Management DOES NOT SOLVE THE REQUEST because of the Daily Net Loss Management >> Reset When the Trade Positions for a Trade Account are flattened, the Daily Net Loss Management is disabled until the next trading day. DISABLING ALL TRADING UNTIL THE NEXT DAY IS UNACCEPTABLE. 2 Rational. Trading the ES has many false moves within (tlall wicks) a bar where a regular Stop Loss order WILL ALWAYS BE HIT. This is what Algos do - HUNT STOP LOSS ORDERS. Many times the ES will whipsaw and reverse direction. Being locked out for the day is the problem and is not acceptable. My request allows a Stop Loss to be implemented without being locked out for the day. Please implement my request. It is very different from the Global Profit and Loss Management. Thanks |
| [2019-05-22 03:27:54] |
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You just need to disable the option to not lock trading.
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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