Support Board
Date/Time: Sat, 21 Dec 2024 18:37:40 +0000
[User Discussion] - Position Profit/Loss should probably also apply to order lines
View Count: 834
| [2015-03-28 21:04:20] |
| i960 - Posts: 360 |
|
When adjusting attached stop/limit orders on the chart, the displayed value is always in the chart's absolute scale. While this is definitely workable for most people, it's arguable that this should be consistent with the position P/L setting such that when orders are adjusted, the value displayed adheres to that setting. For me, it would reflect ticks, but for others it might reflect total currency, etc. As it is now, it does require one to do some mental math to convert absolute values to tick or currency and it makes a lot of sense for it to just be automatic based on preference. Further argument of using the position P/L setting is the fact that the order lines already show profit/loss using the user's preference for position P/L. It's simply that the displayed offsets when adjusting stops/limits do not. Maybe I'm missing such a setting? I looked through quite a few dialogs to see if there was something preexisting for this, but wasn't able to find anything. BTW: As far as where such a switchable setting could be placed, I'm not sure if this should go into Chart Trade Settings or Chart Settings / Advanced 2. The latter seems to definitely have relevance to order lines as well and also seems to have an empty section where it could be used. But I could see this as something people would probably prefer as a general / global setting rather than a per-chart setting so the former (chart trade) might also make a lot of sense. |
| [2015-03-28 22:12:58] |
| i960 - Posts: 360 |
|
BTW: As a real world example of how this would be highly useful: .01/tick type contracts like CL are straightforward and easy to map ticks to minimum price movements, but things like DX, ES, NQ, etc which may use different minimum price increments require the user to have to think to think about it when considering what something like .075 offset means in relation to ticks and ultimately per contract risk and profit. Having the order line just reflect this in their desired position P/L format takes some of the work out of this and overall makes the interface more consistent. Also, as a lot of us here know, in many cases people don't want to be thinking about absolute value differences and/or money at all, they simply operate entirely within a tick or point (or whatever is consistent) mindset.
|
To post a message in this thread, you need to log in with your Sierra Chart account: