Support Board
Date/Time: Fri, 29 Nov 2024 18:30:48 +0000
Daily P/L and account balance reflection
View Count: 633
| [2023-01-18 15:58:29] |
| User987069 - Posts: 45 |
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So I notice my P/L reflects 51.75p of realized profit and when I check Trade>>Trade Account Monitor/Balance Window it only reflects about half of what I actually realized. When I check Trade>>Trade Activity Log, my Closed P/L reflects about double of what the Account Balance shows. I did refer to the 'Help With daily Profit/Loss value' but I'm not understanding.
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| [2023-01-18 17:12:54] |
| John - SC Support - Posts: 36350 |
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The Account Balance from your broker does not update on a fast basis. So you can not always trust that number and that it reflects all the profit/loss information from recent trades. Refer to the information here: Trading Information Windows: Trade Account Monitor (Account Balances) Window For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-01-19 06:56:58] |
| User61168 - Posts: 403 |
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Hi John (and FYI for User987069) - This is one of my utmost primary reasons I am moving to Teton order routing service this week... "All Trade >> Trade Account Monitor fields are supported and are continuously updated in real time. Accurate account balance field which immediately updates when trades are closed. Continuously updating Net Liquidating Value (Account Value) field. Among all of the Trading services supported by Sierra Chart, only Teton has support for all of the Trade Account Monitor fields and updates those fields the fastest." I must also say that this was the primary reason why I blew up several accounts back in 2018/19 with AMP/CQG. Being new to futures, it was very hard for me to not see real time account updates (I almost quit futures trading because of this). I just do not understand how folks can trade without realtime updates to account balance. How do they mitigate risk against margin calls etc? Very hard to do for automated algo traders if we don't have access to a 100% reflection of account balance (with commission/fees deducted after each order fill in real time). I must also add that I wish you could add realtime account balance updates to market replay in simulation mode. All my strategies look great in activity log but I HAVE to do further analysis on equity curve in Excel for each backtest to confirm how much my account went into negative balance from my starting trading capital... very crucial analysis to do and also very time consuming effort for algo traders. Also very hard to implement Money Mgmt techniques without access to real time account balance. Date Time Of Last Edit: 2023-01-19 06:57:31
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| [2023-01-19 15:37:42] |
| John - SC Support - Posts: 36350 |
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I must also add that I wish you could add realtime account balance updates to market replay in simulation mode. All my strategies look great in activity log but I HAVE to do further analysis on equity curve in Excel for each backtest to confirm how much my account went into negative balance from my starting trading capital... very crucial analysis to do and also very time consuming effort for algo traders. Also very hard to implement Money Mgmt techniques without access to real time account balance. You could use the Simulated Futures Trading Service to do this. There is no limit on the number of accounts you can setup, so you can have multiple accounts and reset the balance for any of them as you want. Refer to the following: Simulated Futures Trading Service For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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