Support Board
Date/Time: Tue, 26 Nov 2024 08:32:13 +0000
Adding in lost profits
View Count: 348
| [2023-12-21 20:44:22] |
| RamRally - Posts: 24 |
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Hi, I added onto my position at 16916 and my original TP at 16924/25 had a profit based on original entry of 16898 profit line was set at$89. After adding in, that position lost profit, what's the point of adding on all I did was move my entry level way above, which even looked more that the half way level. I feel something is off, this is the first time I've seen this switch profits like that. |
 Screenshot 2023-12-21 143648.png / V - Attached On 2023-12-21 20:43:43 UTC - Size: 104.79 KB - 61 views Attachment Deleted. |
| [2023-12-21 21:23:00] |
| John - SC Support - Posts: 36286 |
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Please save the Trade Activity page of the Trade Activity Log by following these instructions: Trade Activity Log: Saving to a Text File Then attach that file to this post. Let us know the time of the initial entry and the symbol. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-22 01:03:32] |
| RamRally - Posts: 24 |
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MNQ I uploaded a few things. The (2 - one exited 16913 Bracket pair - the one at 15:17 entered at 16900 is one of the first entries, got out at 16924, my entry after placing the 2nd at 16916 moved up to 16912. That $46.50 closed much less right before I entered that 2nd the TP profit was at $89. I feel like this screwed me over. Moved my entry way above half point and took my profit down. Entering another position was pointless and put me at more risk lessening profit and moving entry so high. |
 TradeActivityLog_2023-12-22.txt - Attached On 2023-12-22 00:53:59 UTC - Size: 237.59 KB - 338 views TradesList.txt - Attached On 2023-12-22 00:59:15 UTC - Size: 7.65 KB - 157 views Screenshot 2023-12-21 185749.png / V - Attached On 2023-12-22 00:59:29 UTC - Size: 37.91 KB - 59 views |
| [2023-12-27 15:34:51] |
| John - SC Support - Posts: 36286 |
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What are your settings for "Scale In" and "Scale Out"? Also, can you reproduce this using a simpler setup? For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-27 18:05:00] |
| RamRally - Posts: 24 |
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My settings have the scale in checked off, scaled out checked. What kind of set up?
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| [2023-12-27 20:26:49] |
| John - SC Support - Posts: 36286 |
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Since Scale In is not selected, when you place a second order the quantity of the attached order is not increasing, but the "Position Average Price" is changing. Therefore, the profit value that is displayed is the attached orders will adjust based on that new position average price. This is why your value went down when you added another trade. Refer to the following for different options available for how the Position Average Price is calculated. One of the options may work better for how you do your trading: Trading Information Windows: How Average Price for Positions Is Calculated and Used For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-27 22:06:57] |
| RamRally - Posts: 24 |
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Ok, I set it like that because I didn't like that the add in's were going all to the original while keeping scale in checked. I wanted each scale in to be its own TP, to scale different TP's rather than manually peel off. When I manually peel off I do have to remove the scale in, otherwise it'll just add orders. There's a lot of toggling it seems. When I was trading APEX, it seemed that adding in later to position even with the scale in checked off was giving me the normal scale of moving my entry and not losing value. It's why I'm confused.
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| [2023-12-27 22:19:12] |
| John - SC Support - Posts: 36286 |
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Each system works a little different. What you have to keep in mind is that the total profit is still correct. Basically, you are moving the profit that is displayed from one Target to the other one. But also look through the options for how the "Position Average Price is Calculated" as there may be an option that works better for you. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-12-27 22:32:51] |
| RamRally - Posts: 24 |
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I'm using the First in First out matching. I thought it moves 50% from original entry to scale in area. So when I entered at 98 original, the add on was at 112. I was expecting my entry to jump to 105. My TP was at 24. The entry jumped up to 112. Do I need to set a different model? I used this before on Ninja trader and it always calculated normal, didn't take away from the profit either. That profit was at $89 dollars and changed to 48 or something. I didn't see any point in scaling in. My profit reduced, my entry put me at risk to lose money immediatly.
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| [2023-12-27 22:32:51] |
| RamRally - Posts: 24 |
|
I'm using the First in First out matching. I thought it moves 50% from original entry to scale in area. So when I entered at 98 original, the add on was at 112. I was expecting my entry to jump to 105. My TP was at 24. The entry jumped up to 112. Do I need to set a different model? I used this before on Ninja trader and it always calculated normal, didn't take away from the profit either. That profit was at $89 dollars and changed to 48 or something. I didn't see any point in scaling in. My profit reduced, my entry put me at risk to lose money immediatly.
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| [2023-12-28 15:22:27] |
| John - SC Support - Posts: 36286 |
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We can not speak to how another system works. Within Sierra Chart, when your Position Average Price changes, the Profit/Loss shown for the attached orders will change to reflect that new Position Average Price. But again, this is not a true loss in profit, as the other order is taking some of that profit and showing it there. The total profit displayed between all the orders is correct.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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