Support Board
Date/Time: Thu, 26 Dec 2024 20:45:02 +0000
Incorrect calculation of ticks & currency for stopp-loss order?
View Count: 364
| [2022-09-28 13:04:07] |
| MarkusK - Posts: 101 |
|
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? |
 Sierra Chart Question.png / V - Attached On 2022-09-28 13:02:16 UTC - Size: 39.94 KB - 103 views |
| [2022-09-30 09:23:40] |
| Sierra_Chart Engineering - Posts: 17672 |
|
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 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: 2022-09-30 09:25:53
|
| [2022-09-30 11:14:52] |
| MarkusK - Posts: 101 |
|
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. |
To post a message in this thread, you need to log in with your Sierra Chart account: