Support Board
Date/Time: Sat, 30 Nov 2024 04:30:49 +0000
Open Position Average - Many questions
View Count: 631
| [2022-12-15 19:17:24] |
| HeyUgly - Posts: 247 |
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OK 1. I sometimes work a core, I'll get a fill, sell 80% then add back a bit, sell higher etc. I use flat to flat. 2. Say i get an addback after taking profit, it brings my average up, that is obviously expected. 3. My stop is now 4 points ABOVE my new average, i get stopped out in PROFIT {4 points above new average} , yet my PnL shows a loss. This makes absolutely no sense to me. Can you explain this to me? I understand about first in first out etc, but this should matter if using Flat to Flat??? Working a core is very common and sure the average changes with each add-back, but if your Stop is a profit stop by your new average, how is it a LOSS when the profit stop triggers?? |
| [2022-12-15 22:04:53] |
| Sierra_Chart Engineering - Posts: 17267 |
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Among these Position Average Price calculation methods, which is the one that you are using: Trading Information Windows: Use Last In First Out Fill Matching for Open Position Average Price 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, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-12-16 03:35:58] |
| HeyUgly - Posts: 247 |
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I am using Flat to Flat Open Position Management on all executions
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| [2022-12-16 03:47:52] |
| Sierra_Chart Engineering - Posts: 17267 |
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So you are using: "Use Flat to Flat Open Position Average Price "? Therefore look over the described formula. The calculation will be exactly as it is described. If it does not do what you want, then we cannot help with that. 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, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-12-16 04:02:55] |
| HeyUgly - Posts: 247 |
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but what i am asking is why? if I have an average price, and add back to that average price, it brings up my average. that obviously is totally normal. but if i get stopped out in profit on that new average it almost always then shows as a loss, even though the position is in profit on stop. |
| [2022-12-16 13:26:02] |
| HeyUgly - Posts: 247 |
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Here is an example this am 5 points in profit for my stop, when it hits, its a loss? this is after 1 add back after intital profit |
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