Support Board
Date/Time: Wed, 27 Nov 2024 23:25:22 +0000
Loss management
View Count: 406
| [2023-06-12 16:45:41] |
| Jimmyz83 - Posts: 52 |
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I would like to have a setting that will force a pause in trading for 1 minute after 3 flat to flat loosing trades in a row. I could not find that kind of setting in global profit and loss management. Is it somewhere else? Thanks
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| [2023-06-12 17:16:01] |
| John - SC Support - Posts: 36350 |
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There is no item like this built into Sierra Chart. You would have to create your own custom study to lock trading for 1 minute when this occurs.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-06-12 17:38:17] |
| Jimmyz83 - Posts: 52 |
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Is there a way to set an alert for the parameters?
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| [2023-06-12 21:24:45] |
| John - SC Support - Posts: 36350 |
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Unfortunately there is not an easy way to know that the last three trades were losses using the built-in tools. You might be able to pull it together using a Spreadsheet Study and some of the Trading Studies (such as "Trading: Losing Trades"). Otherwise, again, the best option would be to create a custom study for this. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-06-17 11:26:05] |
| User61168 - Posts: 403 |
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I wish SC expanded their collection of trading studies for Consecutive wins/loss, MAE/MFE, Peak/Trough Equity, Trade Duration etc. These are all quite necessary for autotrading strategies. These calculations are already performed in the Statistics tab so creating studies should be relatively easy. Jimmy - one crude way is to use the Maximum Drawdown study and divide this by your per trade risk if the risk is fixed. It's not ideal |
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