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Date/Time: Sun, 08 Sep 2024 00:24:10 +0000



[User Discussion] - Set a daily loss limit

View Count: 1613

[2015-03-23 12:50:24]
User14682 - Posts: 83
I currently use an automated trading system utilizing the sierra chart spreadsheet. How do I set a daily loss limit of $900 per day?
[2015-03-23 15:14:12]
Sawtooth - Posts: 4083
Reference a sum of J10 and J45 in your entry and/or exit formulas.

Entry:
$J$10+$J$45>-900

Exit:
$J$10+$J$45<-900
[2015-03-23 18:23:49]
Sierra Chart Engineering - Posts: 104368
We have also responded to this here:
Set a loss limit
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
[2015-03-27 12:24:13]
User14682 - Posts: 83
=OR(AND(AA3<AM3,AA4>AM4,AM3<AG3),AND(AA3<AG3,AA4>AG4,AG3<AM3,AND($J$10+$J$45<-900))

enclosed is my exit strategy combined with what you sent and it says it is invalid?
[2015-03-27 12:58:32]
Sawtooth - Posts: 4083
Try this:
=OR(AND(AA3<AM3,AA4>AM4,AM3<AG3),AND(AA3<AG3,AA4>AG4,AG3<AM3),$J$10+$J$45<-900)
[2015-03-27 14:21:22]
User14682 - Posts: 83
LOOKS LIKE ITS WORKING.. THANKS

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