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Direct MessagesDate/Time: Thu, 18 Apr 2024 17:40:57 +0000
How to have Global Profit Loss Management system correctly flatten positions?
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| [2021-10-21 16:42:43] |
| LeDork - Posts: 19 |
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I trade NQ off the DOM with a tick size value of 1.00 as 0.25 is too volatile for me to read. This creates problems with the Global P/L management system oftentimes flattening my positions too early. Any recommendations with this please? Also, on an unrelated note, when do you guys plan to release the option of aggregating other columns on the DOM based on tick size. For now it's only the buy and sell columns. Edit: fyi about the feature - Setting a loss trigger value of 0 does not seem to trigger anything. I found -1.00 works though - Would it be too difficult to add an 'Apply' button in the Global P/L management system window? It's cumbersome when you want to recheck the status and have to reopen the window every time. Date Time Of Last Edit: 2021-10-21 17:08:13
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| [2021-10-21 17:52:47] |
| John - SC Support - Posts: 30947 |
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I trade NQ off the DOM with a tick size value of 1.00 as 0.25 is too volatile for me to read. This creates problems with the Global P/L management system oftentimes flattening my positions too early.
If you are changing the Tick Size of the instrument, then you would need to adjust the Currency Value Per Tick to match how you changed the tick size. For example, if the standard tick size is 0.25 with a Currency Value Per Tick of $2.50, then if you change the Tick Size to 1.0, the Currency Value Per Tick would need to change to $10.00 Also, on an unrelated note, when do you guys plan to release the option of aggregating other columns on the DOM based on tick size. For now it's only the buy and sell columns.
We do not know. There have been numerous requests for this, so it is definitely something that we want to get to, but we can not say when it would happen. There are just a lot of things for us to work on, so we never know when we will be able to get to any specific feature. Setting a loss trigger value of 0 does not seem to trigger anything. I found -1.00 works though
We do not understand what you are trying to ask/say with this. Can you please give us some additional information. Would it be too difficult to add an 'Apply' button in the Global P/L management system window? It's cumbersome when you want to recheck the status and have to reopen the window every time.
This would come with the new Dialog Windows we are working on. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-10-22 13:12:15] |
| LeDork - Posts: 19 |
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If you are changing the Tick Size of the instrument, then you would need to adjust the Currency Value Per Tick to match how you changed the tick size. For example, if the standard tick size is 0.25 with a Currency Value Per Tick of $2.50, then if you change the Tick Size to 1.0, the Currency Value Per Tick would need to change to $10.00
I have done that but then this multiplies the PnL by 4x. So a 100$ profit will show as 400$ on the Trade Activity window It might help to know that I trade MNQ off the NQ Dom so is there another setting I should be aware of? We do not understand what you are trying to ask/say with this. Can you please give us some additional information.
Not asking anything, just letting you know (if intentional or not) that in the Global P/L system, if you're in profit for the day and you set the trigger loss value to 0, (as in to flatten your positions when your Pnl hits 0) this does not trigger anything and your positions stay open for some reason. whereas setting it to a negative number will work. |
| [2021-10-22 16:45:18] |
| John - SC Support - Posts: 30947 |
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It might help to know that I trade MNQ off the NQ Dom so is there another setting I should be aware of?
You need to set the Currency Value Per Tick to the value of MNQ, not NQ, since you are actually trading MNQ from that chart. Refer to the following information: Chart Settings: Updating Currency Value per Tick for Trade Symbol For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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