Support Board
Date/Time: Fri, 29 Nov 2024 03:56:38 +0000
Global Profit/Loss not working as expected
View Count: 332
| [2023-03-10 18:12:19] |
| User404701 - Posts: 7 |
|
Loss limit = $1000. Issues - 1- Today, Positions are flattened but able to place another order after that. SIM Account. 2- Yesterday, Positions are not even flattened. Live Account. 3- Positions are flattened. I reset the limit and kept the limit to $1000. I was expecting to get flattened after the next $1000 loss. However, not flattened and ended up blowing my account. Live Account. |
| [2023-03-10 20:48:30] |
| John - SC Support - Posts: 36350 |
|
1. You need to enable the option for Lock After Positions Flattened. 2. Make sure you have the correct Account listed in the Profit/Loss Management and that the settings are correct for what you want to have occur. 3. It depends on how you have your profit setup. If you lost $1000 and it flattened, and then you started trading again without resetting anything, then you are starting from -1000, so if you want to be flattened at -2000, you would have to enter -2000. If, on the other hand, you reset your profit/loss so you were at at $0, then having a -1000 limit would work. You need to look at your situation. Refer to the documentation for the Global Profit/Loss Management here: 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 |
| [2023-03-10 22:13:55] |
| User90125 - Posts: 715 |
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4. If you're using the Teton Order Routing Service, you should consider having your broker set a Daily Net Loss Limit on your account instead. However, this may incur a Liquidation Fee from your broker when triggered, so you'd want to verify this first. |
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