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Date/Time: Thu, 18 Jul 2024 20:26:20 +0000

Average Entry Price and Closed Profit Mismatch

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[2023-08-21 20:32:59]
FuturesBod - Posts: 12
I have the option set for (I forget the exact name but) theoretical average price. Its the option that means that if I take 2 contracts and make a 4 point gain and sell one, then my breakeven price drops 4 points lower.
This is really helpful when working a position to improve an entry price.
So Box A shows the current working P&L from when the first contract was opened.

However, the accrued P&L box (box B) updates each time a contract is exited.

So the outcome is as follows...
I had a trade with 43 points open profit and showing 102.25 points of closed profit.
BUT when I close the trade I end up with 112.75 total closed profit.

I'd much rather the closed P&L not update at all while the position is open and only update once the final contract is closed.

Hopefully this makes sense. I feel like there is maybe an option I'm missing where I can set this.

Many thanks.
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[2023-08-22 12:35:58]
Sierra_Chart Engineering - Posts: 15512
There is no support for what you want.

The Daily Profit/Loss processes all order fills immediately, and only supports two different calculation modes:
Chart Settings: Use Last In First Out Fill Matching (Chart >> Chart Settings >> Trading menu)
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:

For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2023-08-22 12:36:30
[2023-08-22 12:55:25]
FuturesBod - Posts: 12
Ah ok, thanks.

Hopefully you can add this to a wishlist. It would really help those of us that work entries in the manner described.
Perhaps an options like 'Update Closed PnL only when flat'

Thanks again though, appreciate the response.

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