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Multiple strategies / limit positions
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Multiple strategies / limit positions

  #1 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AGN/Rithmic
Favorite Futures: CL
 
Posts: 22 since Apr 2010
Thanks: 14 given, 1 received

Multiple strategies / limit positions

Hey, NT7 programming gurus...

Say I have a strategy running on a 5 min chart, and different one running on a 2 min chart. The 5 min strategy fired off a long entry 90 seconds ago, and that trade is still going. The 2 min chart strategy just went long, too. Now I have two trades going. Generally this would be a good thing, considering the two timeframes agreed, but I do not want to risk more than my standard two contracts at one time, no matter what the setup.

How can I modify the code in my strategies to abort an entry if there is already a live position? Like "if position_already == false then <trade>"?

If this is a duh-obvious question, I do apologize, but I haven't found any answers that really apply.

Thanks in advance,
Gary

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Waco TX.
 
Futures Experience: Advanced
Platform: Ninjatrader
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quantismo's Avatar
 
Posts: 225 since Jul 2011
Thanks: 314 given, 161 received

One way to keep things strait..


One simple way would be to pack both strategies into one multy timeframe strategy and put EntriesPerDirection = 1;

Quantismo

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