Support Board
Date/Time: Mon, 10 Mar 2025 20:39:54 +0000
How can I decrease position size under margin?
View Count: 829
| [2022-02-22 22:07:36] |
| 4sDS2LSqsKT94 - Posts: 5 |
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There are instances in which I would like to decrease my position size without full flatten and close, but sierra chart does not allow this because I am just under the broker's margin requirement. Allowing to decrease the position size to avoid full liquidation would save a lot of headaches. Also, not all brokers will liquidate at margin threshold there is often a day loss limit before liquidation that allows for a bit more flexibility. In either case a stop is set by the broker, why is Sierra chart not allowing position flexibility?
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| [2022-02-23 01:21:26] |
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We see you are using the Teton order routing service. You can absolutely, reduce the quantity of the position, even if the account is under margin. We just tested this in the simulation environment just now. Live trading on Teton works exactly the same way. Do you already have working attached orders? And then you are submitting another order to reduce the quantity of the position? You have to reduce the quantity of the Attached Orders first. We have added this information to the documentation here: Sierra Chart Teton Futures Order Routing: Notes Regarding Risk Management 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 |
| [2022-02-23 02:47:06] |
| 4sDS2LSqsKT94 - Posts: 5 |
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Position sizes must be reduced rapidly, key shortcuts are used to reduce the position. Is there an attached shortcut key that would simultaneously or just in time, or some other automated adjustment that would reduce attached orders before position sizes? As far as I know what you are suggesting would probably force liquidate my entire position before I could alter anything with attached orders. Attached orders must also remain in order to fulfill their intended purpose. |
| [2022-02-23 09:51:05] |
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Is there an attached shortcut key that would simultaneously or just in time, or some other automated adjustment that would reduce attached orders before position sizes? What could happen is that we could in the case of scaling out, have that go into effect before a market order is submitted and hold the market order until quantity of the attached orders is reduced. We can make this an option.No definitely not: what you are suggesting would probably force liquidate my entire position before I could alter anything with attached orders.
Attached orders must also remain in order to fulfill their intended purpose. The quantity of them would just be reduced by the amount of the market order to close the position partially. They would remain.
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: 2022-02-23 09:51:45
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| [2022-02-23 10:03:17] |
| 4sDS2LSqsKT94 - Posts: 5 |
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What could happen is that we could in the case of scaling out, have that go into effect before a market order is submitted and hold the market order until quantity of the attached orders is reduced. We can make this an option.
Please make that an option. |
| [2022-04-12 23:13:59] |
| User379468 - Posts: 508 |
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Has this been implemented?
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