Position and Order Management Upon Lost Connection or Power Failure

Official Sierra Chart documentation:

Attached Orders

Depending on the trading service used by the user, Server Side OCOs may be available. This means if a user submits orders they are held at the server level and will remain open until canceled or filled.

To enable this feature:

Global Settings > General Trade Settings > Use Server Side OCO Orders

Built in Risk Management

<aside> 🌐 UPDATE:

<aside> 🌐 Due to a recent announcement from Sierra Chart it is no longer recommended to use the Global Profit/Loss settings. The instructions have been removed from this guide.

</aside>

<aside> 🌐 Sierra Chart has announced they will update the Teton risk management, when that happens it will be added to this guide.

</aside>

</aside>

Set Max Position Limit

To set a fixed position limit:

• SC Menu: Global Settings > Symbol Settings
• Use Global Trade Position Limit box is checked and add a number value
• OK

Data or Broker Controlled

[Not financial advice]

• some brokers offer a fixed daily stop loss that cannot be lifted the same day, users may want to contact their brokers to discuss options
• some data providers offer risk management tools (such as Rithmic. See trader risk parameters)