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Date/Time: Thu, 01 Dec 2022 01:24:23 +0000



Incorrect calculation of ticks & currency for stopp-loss order?

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[2022-09-28 13:04:07]
mk53v3n - Posts: 23
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?
imageSierra Chart Question.png / V - Attached On 2022-09-28 13:02:16 UTC - Size: 39.94 KB - 23 views
[2022-09-30 09:23:40]
Sierra_Chart Engineering - Posts: 5388
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

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

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Date Time Of Last Edit: 2022-09-30 09:25:53
[2022-09-30 11:14:52]
mk53v3n - Posts: 23
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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