Support Board
Date/Time: Thu, 28 Nov 2024 15:33:34 +0000
Losing positions automatically reversing?
View Count: 279
| [2023-04-20 13:52:27] |
| onesticktrader - Posts: 8 |
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I don't know why this is happening as of late. It's happened two days in a row and maybe a total for 4 times. I removed all profit/loss management. For some reason when I'm holding a losing position, and it's approaching ~$800, the position automatically reverses and puts me the other way! At first I thought it happened because I flattened the position manually while it also hit my loss limit in the account risk controls, but today it happened again with no account risk controls active for profit or loss, and my hands werent on the keyboard or mouse. Without any input from me, the platform decided to reverse my short into a long. The trade log confirms this as 2 step process, sending a market order to close the position and then another one to open in reverse. Any ideas what could cause this? Thank you Brian |
| [2023-04-20 14:39:34] |
| Sierra_Chart Engineering - Posts: 17201 |
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No Sierra Chart is not going to do this: Without any input from me, the platform decided to reverse my short into a long.
It could only be done by an automated trading system that maybe you are running. You need to determine the origin of these orders: The trade log confirms this as 2 step process, sending a market order to close the position and then another one to open in reverse. Any ideas what could cause this?
Refer to: Trade Activity Log Analysis: Determining the Origin of a New/Modified Order 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 Date Time Of Last Edit: 2023-04-20 14:39:42
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| [2023-04-20 18:39:21] |
| onesticktrader - Posts: 8 |
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Ok thank you. I found the culprit. I started using 2 subinstances for a total of 3 instances and did not realize they all had independent daily profit loss management, so I thought I had turned it off, but on two other instances it was still active, resulting in the flattening order still being sent twice, resulting in a reversed position. Not sure if that is the intended functionality but thanks to your help I was able to find the source of the orders was indeed the profit/loss management window. To anyone else that might find this thread in the search, make sure you have the correct profit loss management set up on all instances and accounts, and it may reset when you switch to another account as well. Thank you! Brian -solved- |
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