Support Board
Date/Time: Wed, 27 Nov 2024 20:38:18 +0000
Urgent - global loss management
View Count: 3676
| [2019-04-29 13:46:36] |
| AKR - Posts: 523 |
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am not able to place any trade as loss management tells me my daily loss limit is met. But I did not make a single trade!!!
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| [2019-04-29 13:49:10] |
| AKR - Posts: 523 |
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Order Error - 'Trade >> Trading Locked' is enabled. Internal Order ID: 7375. Service Order ID: (none). Symbol: F.US.EPM19 | 2019-04-29 15:48:35 * Order Error - 'Trade >> Trading Locked' is enabled. Internal Order ID: 7376. Service Order ID: (none). Symbol: F.US.EPM19 | 2019-04-29 15:48:35 * |
| [2019-04-29 13:51:29] |
| AKR - Posts: 523 |
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could somehow manage to deactive it, by de-clicking "lock for day" and changing lock time to 1 minute. but that was really weired .....
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| [2019-04-29 14:23:02] |
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Yes that is what you would need to do to disable it: Global Profit/Loss Management: Lock Trading (Global Settings >> Global Profit/Loss Management) It is not unusual to have issues with Global Profit/Loss Management because it has a dependency on the daily profit loss calculations which can easily be off unless you understand how those are calculated: Help With Daily Profit/Loss Value This new service solves this kind of problem: Sierra Chart / Trading Technologies Futures Order Routing Service 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 |
| [2019-04-29 14:32:30] |
| AKR - Posts: 523 |
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I asked AMP for your order routing and they had zero clue about it. I copied your info to an email to them, they wanted to check out but heard nothing anymore. why would that help me for the loss management? |
| [2019-04-29 14:34:09] |
| AKR - Posts: 523 |
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and btw I think I did fully understand how the calculation works. as I said. I did not make a single trade today also no order placed. still it said that for today (29.4) I have the entered loss and so am locked.
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| [2019-04-29 14:48:55] |
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Go to Trade >> Trade Activity Log >>Trade Stats for Charts . Do you see any nonzero Daily Profit/Loss value? why would that help me for the loss management? Long-term order fill history with accurate Position data to ensure complete, reliable, hasslefree, and consistent trade statistics reporting within Sierra Chart like the Daily Profit/Loss, the Trade Activity Log Trade Statistics and Trades Tabs, and the Trade Statistics for Charts (only applies to orders entered from Sierra Chart).
More specifically each order fill has the Position quantity with it. If there is a complete set of fills with position data, this allows for very accurate and stable trade and statistics calculations. If you want to use the order routing service, then just complete the form linked to from that page and we will contact AMP for you: Sierra Chart / Trading Technologies Futures Order Routing Service 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: 2019-04-29 14:50:58
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| [2019-04-29 15:21:24] |
| AKR - Posts: 523 |
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well before I would like to know the cost. not only yours but also AMPs. And if they support that u charge to them and they to me. prefer to have all that cost on AMP statement.
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| [2019-04-29 22:38:57] |
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There is no cost from AMP other than commissions. We will see about billing order routing fees to them for a particular account.
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 |
| [2019-04-30 07:19:22] |
| AKR - Posts: 523 |
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even better would be - and I think also for you in the long run - if they just billed trade by trade to me just like with any other routing and then they make for you once a month a credit note for all customers using your routing...
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| [2019-05-01 06:23:22] |
| AKR - Posts: 523 |
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"Cost is .10 USD per contract for order routing." per side or per roundturn? |
| [2019-05-01 12:57:06] |
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Per side.
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 |
| [2019-06-27 15:24:04] |
| AKR - Posts: 523 |
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Question. I recently changed to rithmic because it allows me to set a daily loss limit in $$ and after that I just cant overrule it. When I switch to Sierra routing, can I use the GLM in a way, that I can not override it and that it works really properly? Because am not really happy with Rithmic feed. loosing connection quite frequently. |
| [2019-07-02 19:33:20] |
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We apologize for the delay. TT does support a daily loss limit which can be set on an account but from what we see it is percentage-based. What we can do with the existing client-side managed Global Profit/Loss Management is allow the limit to be set by us when you request it and it would be managed client-side and work with our TT based order routing which provides complete set of fills with Position data, so that it can work reliably. But we do not know when this could be implemented. 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 |
| [2019-07-04 16:20:52] |
| User102811 - Posts: 4 |
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I am looking for similar risk management accountability. Would it be easier to password protect the GLM box? I would like to be able to have my wife set a password for it. Then she or someone else could hold me accountable to not change my daily loss limit settings mid trade in order to prevent my positions from flattening. This way you I could uphold the risk management rules I determined I wanted when in a sober moment. When in the middle of a trade you always think your trade is going to turn around. This would enhance risk management accountability on the platform.
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| [2019-07-08 11:51:41] |
| AKR - Posts: 523 |
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good idea with the password! what I dont like about having it set with the broker like now (despite I dont like rithmic reliability) is that anytime I want to have the amount changed i need to do it via them. So I would like to have it as with global loss management but so I can not overrule (or password - no bad idea imo that could have my wife). to #14 - I dont really understand that suggestion. An other good thing for the GLM would be (or does it?) if it would not take fees into consideration for that daily limit. So you can set it to 2,3,4 r or what ever you want and independent of the position size (that can vary depending on stop size) it would still be right. |
| [2019-07-08 11:53:12] |
| AKR - Posts: 523 |
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ah, think I understand #14 now. ok, still would mean I would need to contact you any time I want a change. but ok, that is still MUCH better than contacting AMP helpdesk :-)
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| [2019-07-10 18:32:33] |
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Maybe one idea is that once you configure the Global Profit/Loss management as you want you can then specify to lock it until a particular future time and then if you want to unlock it you could make a request to us and we could issue a command to unlock it. Would that work? In regards to the wife idea the problem is what if you are just trading alone. 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 |
| [2019-07-11 10:34:13] |
| AKR - Posts: 523 |
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yes, of course that is a possibility. It would be as right now, only it should not be possible to overrule it. and actually you should not do it either, even if I ask you. That is the sense of that. I just know that once I have made like 3 losses in a row I better stop the day is it will only get worse. and then I dont want anybody to unlock me... Therefore it would also not matter that if my wife is gone, as anyway I would order her to NOT unlock me, even if I ask. only next day.... What would be great as written above if the fees would not be calculated into the loss. Also would be great to have the daily loss limit, but also a feature in addition, that I could eg say after each loss lock me for eg 5-10 minutes. just to prevent one to jump in back immediately after a stop, which very seldom makes sense, but the monkey mind can tell you to do so .... :-). |
| [2020-02-26 16:10:27] |
| tekchan - Posts: 6 |
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Hi, was always looking for something like this as well. This is an amazing feature, but not effective for what it's meant as it's too easy to bypass currently. I'd like the Global Profit/Loss Management(GLM) to be locked down and password protected to prevent the trader from being able to increase the limits when they're losing their mind. Having a password to lock out the trader from the GLM would effectively solve this problem. You could give this to anyone external, a friend your wife etc. If you ever need access you can have the external party remotely log in to your computer and enter the password during off trading hours so you don't scam someone into helping you continue to lose your mind during a trading day. You'd specifically establish rules with the person to ensure they only log you in outside of trading hours. Another possibility is if upon hitting the limits, forces sierra charts to shutdown. Then you could use an external program to password protect Sierra Charts from executing. This would then effectively achieve the same thing as you can give that access to someone external again. Could be a simple check box added to the GLM screen to exit Sierra Charts on hitting limits and locking. The problem with this approach would be that the trader could not even observe the market upon after getting locked from trading. So the first approach of password protecting the GLM screen is still the most ideal. With this we'd have a risk manager looking over us while trading alone. IMO, having Sierra Charts unlock the account would add unnecessary burden to their support staff; also, there is no way they'd respond in time to unlock the account same day anyway so no point in this. By the time they do have time to respond the lock would have been lifted already. @Sierra Charts Support, what do you think? When can these enhancements be added? I know I've seen on other threads people having such issues as well. Thanks in advance! Date Time Of Last Edit: 2020-02-26 16:18:29
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| [2020-03-03 16:02:48] |
| Futureztek - Posts: 3 |
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Yes can you please let us know when this function will be implemented. I would like to see this function in play asap as well. Thank you. |
| [2020-09-03 13:25:27] |
| gomifromparis - Posts: 244 |
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I like this and I like the idea that you have to mail support. If my wife used a password I will probably find it somewhere. The idea is that if you have to mail support to get unlocked, you most probably won't to it and just wait for the next trading day... |
| [2021-07-09 09:15:41] |
| RolandC - Posts: 54 |
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Any update on adding a password protection? The idea would be that an email with a randomly generated unlock password would be emailed to a chosen email address after the time set in GLM.
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| [2023-06-23 17:38:53] |
| MichaelPuett - Posts: 2 |
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@Sierra Chart Suppurt. Please get this implemented. I'd like the Global Profit/Loss Management(GLM) to be locked down and password protected to prevent the trader from being able to increase the limits when they're losing their mind. |
| [2023-07-08 02:46:13] |
| User305661 - Posts: 15 |
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maybe instead of a password.. make it so you can only change the settings once x amount of time the user sets... for example... i enter 7 days into box... SC will then apply settings and will not allow user to change settings for 7 days. and includes a countdown timer to when time is up and available to change again this is better than a password. because those can be lost, and also allow user to change settings if on tilt. also make it so you can do % drawdown of account and updates daily, like teton does Date Time Of Last Edit: 2023-07-08 02:47:48
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