If you purchased the lockout tool, there is now a new version. This fixes a bug where the Period 1 Start Time field was not showing, and it adds a new locking feature.
A while ago a customer asked if I could add a new feature, Lock when in a position. So I am happy to announce that it is now available at no charge to existing users. After restarting on version 2664 or higher, the new chartbook is FC Advanced Risk Manager V1.cht. The old chartbook will continue to work, as long as you don’t delete it, in case you need time to go to the newer version of Sierra Chart.
The tool also includes a Flatten at Time Study. For more click here.
Is it possible to liquidate the the trade like a kill switch get out of the trade if trade gets to a certain loss value automatically. I am asking because some people like to stoploss alot which is a problem so I want to set a hidden permanent stoploss of a cetain value which is independent of the normal trade stoploss just like the brokrage have in the backend as soon our theshold value hit all trades auto liquidate and we are blocked as we hit the max drawdown. I want to do something like that per trade as my risk control. this advance risk control study should have that feature. Thanks
Feature 2 Allows you to set a Cumulative Loss over a period of time, not by trade. There is an Emergency Flatten button that can be added to the control bar to manually get out of a trade if trading is locked.
I will add Per Trade Loss Management in the next update. Subscribe to my newsletter to find out when it updates.