Support Board
Date/Time: Tue, 21 Jan 2025 07:37:28 +0000
Global P&P Management does not calculate properly
View Count: 1079
| [2018-08-06 17:15:50] |
| User360283 - Posts: 506 |
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I've been testing it on Sim today. See encl. Loss limit was set to $105. Current Open P&L loss is $137.50 It seems it is not using Open P&L. Please resolve. Thanks |
 sierra 1.PNG / V - Attached On 2018-08-06 17:15:33 UTC - Size: 45.19 KB - 229 views |
| [2018-08-06 17:52:49] |
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The Loss Trigger Value needs to be negative as the documentation explains.
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 |
| [2018-08-06 18:04:19] |
| User360283 - Posts: 506 |
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OK. Thanks. But I still have a concern. Assume I have a daily Closed P&L of $300 and I continue trading. I want to have the P&L manager protect 1/2 of my daily profit = $150. How do I achieve this? Thanks |
| [2018-08-06 18:08:44] |
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You just have to change the Loss Trigger Value as needed based on the changing circumstances.
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 |
| [2018-08-06 18:15:45] |
| User360283 - Posts: 506 |
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I don't understand your replies. If I have a closed profit of $300 and I set the loss Trigger to -$100 doesn't this mean I will lose all of the $300 previous daily P&L and an additional $100?
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| [2018-08-07 16:56:59] |
| User360283 - Posts: 506 |
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I have tested the Global P&L Management for 2 days on Sim. It does NOT protect daily OPEN or CLOSED P&L 1. The documentation needs to be updated to let users know this. 2. This MUST be corrected to allow for the protection of both DAILY OPEN and CLOSED P&L Note. I trade Emini futures, the ES. They are volatile and subject to rapid directional changes. Not having a working automatic loss/gain protection tool has cost me lots of money. I suspect there are many other Sierra users that want this to work. Thanks |
| [2018-08-07 18:27:22] |
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Post #6 does not mean much to us because we do not know exactly what you are doing. And the documentation is very very clear on how this functionality works. It certainly does use both the Closed Profit/Loss and the Open Profit/Loss for the trade account. But there can certainly be calculation errors with both of these due to the underlying data available to Sierra Chart. Update to the latest release to make sure that position average price is properly determined when using CQG under all conditions. It sounds like you probably want to use the Profit Management. In addition to Loss management. Refer to: Global Profit/Loss Management: Daily Net Profit Management If the functionality does not work properly for you, then do not use it. It does work properly as designed and it is well documented. We do not want to hear further about this. 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 Date Time Of Last Edit: 2018-08-07 18:28:15
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