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Direct MessagesDate/Time: Wed, 24 Apr 2024 22:00:24 +0000
Risk Management
View Count: 1323
| [2014-02-21 15:38:50] |
| User36884 - Posts: 28 |
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Is it possible to set a global maximum risk tolerance in SC chart trader, so that when I have multiple positions in a single chart and/or instrument and the sum total P&L in that chart or across that instrument (or even across all open positions) meets a set maximum acceptable loss, this automatically flattens all open positions?
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| [2014-02-22 11:38:54] |
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No, this is not supported.
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 |
| [2014-09-19 22:35:32] |
| reasondeep - Posts: 18 |
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Are there any plans to support this sort of thing? It would be immensely useful. If not by Sierra Chart, could this be programmed for Sierra Chart by a competent programmer?
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| [2014-09-22 03:57:21] |
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Generally, we are not comfortable adding this kind of functionality to Sierra Chart because if there is a problem with the profit/loss calculations or position quantities, then this can cause an incorrect action being taken. The reality is, there really is 0% chance of this ever being added unless we develop a complete backend trading system. Otherwise, it is far too of a risk and has a high probability of failing because Sierra Chart cannot consistently determine profit and loss for open positions reliably. 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: 2014-09-22 03:58:01
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