Date/Time: Thu, 07 Dec 2023 01:19:18 +0000
Incorrect calculation of ticks & currency for stopp-loss order?
View Count: 213
|mk53v3n - Posts: 50|
Hi, I have a question regarding the orange "preview lines" (not sure what the official name is) which appear in a chart when moving/dragging an order line with the mouse:
They show the currency & ticks that I would gain or lose when the corresponding order is executed in the round brackets (see screenshot).
While the shown values are calculated correctly when I move my limit orders, they are somehow wrong for my stop-loss order:
As you can see on the screenshot, I have three targets defined, each with a quantity of 1. When I move my stop-loss order, I would expect that the value in the round brackets takes all my open positions into consideration, which in my case is 3 contracts in the Micro S&P 500. So, for every tick that I move my stop away from my entry, I would expect to see an increased risk of 3 ticks and consequently 3 * 1.25 USD (because I am trading 3 lot).
However, instead the brackets only show the risk for one single contract (and only indicate with TQ:3 that it's actually three).
For example, as shown in the screenshot, when I move my stop 40 ticks away from my entry, I would expect to see 3 * 40 = 120 ticks and 3 * 40 * 1.25 USD = 150 USD risk in the round brackets.
But instead it only shows a risk of 40 ticks and 40 * 1.25 USD = 50 USD in the brackets, as if I only had 1 open position and not 3.
This is quite confusing and requires me to calculate my actual real risk for my open position myself every time I move my stop.
Am I missing something here? Is there maybe a setting somewhere in Sierra Chart that I need to activate to see the “real” accumulated risk for all currently open positions in these brackets?
|Sierra_Chart Engineering - Posts: 11762|
What you see is correct because you are actually modifying a single order which is linked to 2 others. You see the loss value for a single order. There is not a way to change this.
Sierra Chart Support - Engineering Level
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Date Time Of Last Edit: 2022-09-30 09:25:53
|mk53v3n - Posts: 50|
Thanks for the clarification.
Is there any other way (maybe with a certain study?) to see the cumulative risk / loss value for all currently open positions?
Otherwise I have to manually calculate my actual risk whenenver I move my stop which is quite laborious when trading with a higher lot size.
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