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Date/Time: Fri, 03 Feb 2023 22:39:44 +0000



Daily loss limitq

View Count: 120

[2022-11-21 15:30:15]
OriolCasas - Posts: 65
Hello,

I am trying to set up a daily loss limit. 5% of the account or 150$. I don't care.
You can see attached I set it up on pic 1. But it doesn't show on pic 2. What am I doing wrong?

Thank you
imageDaily loss management 2.png / V - Attached On 2022-11-21 15:30:01 UTC - Size: 42.72 KB - 26 views
imageDaily loss limit.png / V - Attached On 2022-11-21 15:30:08 UTC - Size: 15.1 KB - 22 views
[2022-11-21 16:01:50]
Sierra_Chart Engineering - Posts: 6457
It will not show on the Trade Account Monitor. See the description for that field here:
Trading Information Windows: Trade Account Monitor Field Descriptions
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, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2022-11-21 16:59:51]
OriolCasas - Posts: 65
See Daily Loss Management 2.png attachment

Is it the case that when I designated a "Loss Trigger Value", that CQG will take me out of my trade at that point, a sort of auto-liquidation? Is that what happens here?

Also is that value $ dollars or points?
[2022-11-22 00:40:08]
John - SC Support - Posts: 21946
The Profit/Loss Management is a built-in tool to Sierra Chart. The numbers are always in the Currency you have setup for your account. Refer to the following:
Global Profit/Loss Management: How Daily Net Profit/Loss is Calculated for a Trade Account

Since you have the option for Flatten Positions When Loss Rules Met, then when your losses meet the amount you have entered, your Sierra Chart software sends a Flatten command to CQG.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2022-11-23 19:36:51]
OriolCasas - Posts: 65
Hello,

I hit my daily loss limit today and I was liquidated, which is what I want to happen. But after I clicked to enter for an error. And I was filled again. A daily loss limit has to be something prevents me from re-entering.

Is there anyway this can prevent me from entering the market again once my daily loss limit has been hit?

Thank you
[2022-11-23 21:11:51]
John - SC Support - Posts: 21946
You need to enable the option for Lock After Positions Flattened. But even then, you can reset the lock and continue to trade. This feature does not have the ability to completely stop you from continuing to trade.

Refer to the information here:
Global Profit/Loss Management: Lock Trading (Global Settings >> Global Profit/Loss Management)
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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