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Date/Time: Wed, 04 Dec 2024 19:21:02 +0000



Post From: Reimplementation of Trades and Trade Statistics and Period Trade Stats Tabs/Calculations

[2018-11-04 09:18:54]
Sierra Chart Engineering - Posts: 104368
One change that has been made in 1834 in regards to the Flat to Flat Maximum Open Profit and Loss is that when a new Sub trade is opened up during a flat to flat trade, any existing closed profit/loss for those already closed sub trades within the overall flat the flat trade, initializes the corresponding Flat to Flat Maximum Open Profit and Loss variables.

This is so that they accurately reflect the true maximum open position profit and loss for the flat to flat trade. At least this makes sense to us after further consideration.

In 1835 the Trades tab has additional improvements. It separates different symbols into their own group. And you can now have a Flat to Flat display when there are multiple symbols listed.

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Now we also want to provide an explanation why it is that it was never possible to track the Maximum Open Position Profit and Loss during a flat to flat trade accurately without maintaining the full detail on the individual trades. There are many examples but we could just explain one of them which makes it quite clear.

Let's say you are scaling in and out 100 times taking the position quantity from 1 to 2, 2 to 1, 1 to 2 and so on. During those times the price range is from 10 to 20. One point about this is that during any one of those sub trades, the maximum profit reached aside from the closed profit/loss, is simply going to be based upon the quantity of 2 and the high price of 20.

However, now on the very final trade, the high price goes all the way up to 100. That value of 100 cannot be applied across all of the trades. So the high to low price range for each individual sub trade must be maintained, and there must be incremental maintaining of the flat to flat maximum open position profit and loss for all of the open trades, applied to each sub trade.
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Date Time Of Last Edit: 2018-11-04 09:19:24