Support Board
Date/Time: Sun, 24 Nov 2024 23:01:56 +0000
Global Loss Limit with Symbol - Trade Symbol Difference
View Count: 284
| [2024-04-20 03:31:34] |
| User276813 - Posts: 64 |
|
Please see attached screenshot. I'm trying to set up a global profit & loss limit. I have the symbol set to NQ for the data, but the trading symbol as MNQ. I ran the loss limit / profit limit in sim mode and it stopped me as if I were trading NQ ($800 loss limit at 40 NQ points) when I'm trading MNQ. 40 MNQ points is $80, not $800. I also don't think the profit limit feature is working since the account does not flatten when the profit trigger value is reached. In the 1st attached screenshot, I'd like it that when $400 in profit is reached, the account is locked if the profit decreases to $100. If $450, then $125. If $500, then $150, and so on. Please see 2nd attached screenshot, with micros... you can see the entry position is hardly in any profit, but the account is locked at -1.5 pts of MAE. I've done this several times and it just doesn't work right. Can you tell me what values need to go into the settings for this to work? |
 Screenshot 2024-04-19 231019.png / V - Attached On 2024-04-20 03:14:37 UTC - Size: 241.54 KB - 66 views Attachment Deleted. Screenshot 2024-04-19 232536.png / V - Attached On 2024-04-20 03:25:57 UTC - Size: 183.2 KB - 52 views |
| [2024-04-21 00:16:46] |
| John - SC Support - Posts: 36238 |
|
The first issue is that you need to set the "Currency Value per Tick" for any chart where you are using a "Trade and Current Quote Symbol" to be the value of the "Trade and Current Quote Symbol". Refer to the following: Chart Settings: Updating Currency Value per Tick for Trade Symbol The "Daily Net Profit Management" of the "Global Profit/Loss Management" is setup to match exactly what you state you want. Here is the flow for the numbers you have: - Nothing will occur until a profit value of $400.00 is reached. - After a profit of $400 has been reached, then if the profit drops to $100.00 or lower, your positions will be flattened. - If the profit increases to between $450 and $500, then the "Profit Value after Trigger to Flatten Positions" will increase to $125.00. For every $50.00 increment increase in the profitability above $400, the "Profit Value After Trigger to Flatten Positions" will increase by $25.00. - Only if the profit value drops below the "Profit Value after Trigger to Flatten Positions" will the positions be flattened. We can not answer the question about the situation you describe, but hopefully the information above will give you the clue you need to figure out what is occurring. 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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