Support Board
Date/Time: Wed, 25 Dec 2024 16:36:49 +0000
two idential TradeDOM's tracking separate positions of same contract
View Count: 1111
| [2015-11-05 21:06:41] |
| Willem - Posts: 6 |
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If I create a 2nd Chart or Trade DOM in the same contract with an open position, it tracks the original position. How can I make it ignore the original position, and track a new position independently?
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| [2015-11-07 04:19:47] |
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In general this is not supported but there are a couple of possibilities and the response is pending. We just need to review and update documentation.
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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-11-08 17:44:25] |
| Willem - Posts: 6 |
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thxs for your consideration. There are several reasons for this added functionality. First, this is the best way to monitor being both short and long the same contract at the same time. Imagine having a long position that you are nursing over a longer time period, wanting to see it through a greater trend excursion, but keenly aware of impending pullbacks and short term reversals. It is far more highly desirable in such circumstances to simply sell short against that position for a shorter term pullback hedge than actually liquidate the current long position. Another reason to go to a 2nd chart with a later, additional position is the intent to manage that 2nd position differently from the beginning, probably with a different ATM strat, and therefore to 'see' it more clearly and separately from the first. ...all the better then to have it on a 2nd price ladder altogether.
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| [2015-11-08 18:25:32] |
| crazybears - Posts: 314 |
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+1
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| [2015-11-08 20:23:38] |
| KhaosTrader - Posts: 128 |
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bump
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| [2015-11-11 05:26:03] |
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Here is the documentation for using independently calculated Trade Position data in a Chart or Trade DOM for independent Trade Position tracking: https://www.sierrachart.com/index.php?page=doc/doc_TradeWindow.html#UsingOrderFillCalculatedTradePositionDataIndependentPosition 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-11-12 17:34:37] |
| Willem - Posts: 6 |
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thxs for posting this valuable link. To anyone else who is after this feature, be aware that the instructions call for a " Set Order Fills Start Date-Time" under Chart >> Chart Settings >> Advanced Settings". This feature is only available after downloading the Pre-release version of Sierra... |
| [2015-11-12 18:55:28] |
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That option is also available in the main release now as well.
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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-11-16 19:06:07] |
| Willem - Posts: 6 |
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I'm sorry, but it seems that either the intended purpose for this feature was misunderstood by the 'Engineering Level' reply, or the feature is failing to perform as programmed. For instance, with all instructions applied as above links prescribed, you initiate a short position in one of two windows both tracking the same instrument, and then, after some profits ensue, you try to buy that same instrument in the other window to accomplish what we use to call 'short against the box', instead of entering and tracking a new, separate position in the second window, the action reaches back to the first window and simply liquidates the trade. ...or, I've done something wrong. Note: The absence of this feature capability will be a deterrence to switching to Sierra by anyone use to using it in NinjaTrader, MultiCharts, TradeStation, ButtonTrader, etc where tracking two positions separately, sometimes on the same side of the market, sometimes on opposite sides, is a daily management routine. ... thxs for your continued response.... |
| [2015-11-16 20:12:26] |
| crazybears - Posts: 314 |
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Hi Willem did you mean to have 2 different position on same instrument with different account? |
| [2015-11-16 20:38:41] |
| Willem - Posts: 6 |
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same account. 2 positions, same contract. taken at different times, places, and perhaps even different direction. I do it every day, often 'legging' into the same trend at slightly different prices, then managing them separately on separate price ladders. Alternately, once one position is in profits, and there is a desire to 'swing' that position through a longer holding period, one could instigate a new position in the same contract but in the opposite direction, and thus 'hedge' it with counter-trend trading, perhaps for shorter term scalps, while keeping the original position in the other window of the original trend intact. So far, have not been able to accomplish this in Sierra using the solution described earlier in this thread.
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| [2015-11-16 23:58:12] |
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We may have misunderstood exactly what you wanted. But the functionality does work as it is designed. There is another way you can do what you want and that is simply just use a separate account to trade the same market. Sierra Chart does support multiple trade accounts . So simply have Interactive Brokers add another subaccount to your Interactive Brokers username and select it within Sierra Chart: http://www.sierrachart.com/index.php?page=doc/doc_TradeWindow.html#SelectingTradeAccount This is fully and properly supported. What has been added is the ability for a chart or Trade DOM to track a Trade Position using the order fills from a specific Date-Time. This uses the Order Fill Calculated Position feature. So for example if you have an actual Position of +10 for a particular Symbol and Trade Account, and you want to track the position independently in another chart and have set that up, and you sell -1, in all charts and Trade DOMs that fill will affect the Trade Position Quantity making it 1 less. So the Position Quantity then becomes +9 and in charts and Trade DOMs which are independently calculating the Position Quantity, those will show -1 based upon what the starting fill date-time is set to. Now if you are asking for two different Charts or Trade DOMs to be tracking a Position Quantity for the same Symbol and the same Trade Account totally independent of each other and independent of the actual Trade Position Quantity, where submitting an order initiated from one of these results in a fill, and it is not going to affect the reported Trade Position Quantity in the other, then this is not supported and there are no plans for this. You will have to look elsewhere if that is what you are really looking for. It is not something which is in demand, or reasonable to implement, or logical to implement. We are not going to make Sierra Chart more complicated unnecessarily. 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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-11-17 00:03:17
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| [2015-11-17 00:11:56] |
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A couple of corrections were made to the prior post.
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, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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