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Looking for broker supporting Sierra Chart Teton Futures Order Routing


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Looking for broker supporting Sierra Chart Teton Futures Order Routing

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  #21 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
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SafruAI View Post
until now, there are some who support daily loss limit + max number of contract per ticker. daily drawdown limit seems not to be offered..

@SafruAI What would the difference be in daily loss limit vs daily drawdown limit?

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  #22 (permalink)
 SafruAI 
Bingen
 
Platform: Sierra
 
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Futures Operator View Post
@SafruAI What would the difference be in daily loss limit vs daily drawdown limit?

a daily loss limit is defined as an absolute net loss per day. a drawdown limit is a limit based on your running equity peak. assuming your drawdown limit is 500. if you win 800 first, your draw down limit now is 300.

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  #23 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
Posts: 596 since Nov 2010
Thanks: 1,997 given, 256 received



SafruAI View Post
a daily loss limit is defined as an absolute net loss per day. a drawdown limit is a limit based on your running equity peak. assuming your drawdown limit is 500. if you win 800 first, your draw down limit now is 300.

Loss limit is supported server side in Teton so all Teton brokers should support it: https://www.sierrachart.com/index.php?page=doc/SierraChartDirectOrderRoutingService.php

Drawdown limit may be complicated/involved for FCM side to implement themselves on an account basis. However Sierra was planning on building this Profit Management into Teton at some point:

https://www.sierrachart.com/SupportBoard.php?ThreadID=70309&Page=Last

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