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Noted Limitation, Account Groups
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Noted Limitation, Account Groups

  #1 (permalink)
Trading Apprentice
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Noted Limitation, Account Groups

I post this for the benefit of anyone planning on using NinjaTrader who is required to use pre-trade allocation. With all of the great things Ninja has, trading multiple accounts with different numbers of contracts per account is not one of
them. Their group allocation model only allows one contract per account. The only work around is to create a separate group allocation model with the accounts that get a second contract. At best that is a get by and the only way to fix the issue is to find another platform or simply don't sign up with a broker that requires pre-trade allocation. According to Ninja, this is not something that is going to be fixed any time soon.

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  #2 (permalink)
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Yes I remember coming across this a couple years ago.

But I think that selecting the right broker can solve this for you. IB has groupings, and I think some FCM's can do it easily as well, where you simply trade one account the way you want to trade the 'group' and the broker will automatically manage the ratio for you on the backend.

Like primary account goes long 5 contracts, subaccount #1 goes long 1 contract, sub account #2 goes long 2 contracts, etc. It can be managed with ratios.

I'm just curious which brokers you've talked to about this. It has been in the threads recently, several people wanting to do this.

Mike

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  #3 (permalink)
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Big Mike View Post
Yes I remember coming across this a couple years ago.

But I think that selecting the right broker can solve this for you. IB has groupings, and I think some FCM's can do it easily as well, where you simply trade one account the way you want to trade the 'group' and the broker will automatically manage the ratio for you on the backend.

Like primary account goes long 5 contracts, subaccount #1 goes long 1 contract, sub account #2 goes long 2 contracts, etc. It can be managed with ratios.

I'm just curious which brokers you've talked to about this. It has been in the threads recently, several people wanting to do this.

Mike

Mike, using post trade allocation, Ninja is fine, just buy the number of contracts you need and the broker will allocate them to the accounts you choose in the amount you choose. In Ninja, the way they constructed the account grouping feature allows you to include as many accounts as you want to include in the group and you name the group. This name shows up in the account box so when chosen you trade all of those accounts. Up to here Ninja is fine. Their limitation is that all accounts can only have one contract each...there is no way to select more or less than that. This is why I posted this to save some others a heart ache trying to figure out a way to do this in Ninja....as they say, you can't get there from here.

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  #4 (permalink)
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I am trying to use Account Groups feature in NT 7 to place trades in multiple accounts.
Looks like subsequent cancellations or modifications are not replicated in each account.
I have to modify my orders in each account. It becomes messy and I don't understand the point of Account Groups feature.
Anybody has any solution for this?

Thanks in advance.

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  #5 (permalink)
Market Wizard
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vk79 View Post
I am trying to use Account Groups feature in NT 7 to place trades in multiple accounts.
Looks like subsequent cancellations or modifications are not replicated in each account.
I have to modify my orders in each account. It becomes messy and I don't understand the point of Account Groups feature.
Anybody has any solution for this?

Thanks in advance.

That is a known issue and is shown on the NT help document.

I suggest you contact your broker and let them allocate the trade grouping for you.
It may cost a few cents more for them to do this but it works better.

Here is a link to some information about doing that with Optimus Trading.
http://www.optimusfutures.com/tradeblog/archives/pre-trade-block-account-allocation-management/

FWIW

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Knowing it's not about Clouds or Wind. . .
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Last edited by DavidHP; July 29th, 2015 at 07:37 PM. Reason: add link
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  #6 (permalink)
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DavidHP View Post
That is a known issue and is shown on the NT help document.

I suggest you contact your broker and let them allocate the trade grouping for you.
It may cost a few cents more for them to do this but it works better.

Here is a link to some information about doing that with Optimus Trading.
Pre-Trade Block Account Allocation Management

FWIW

Thanks David. I have to figure out how to do that with my broker IB.

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  #7 (permalink)
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vk79 View Post
Thanks David. I have to figure out how to do that with my broker IB.

I created Allocation Profile and Groups in my IB account. I am able to access Allocation Profile from Ninjatrader. But when I use ATM strategy, sometimes my targets, stops are placed but other times my orders are not placed. It is getting messy and difficult to manage. I am a scalper and I have to enter and exit fast.
I like charttrader. I was under the impression that I could use Account Groups to trade in multiple accounts. That is the main reason I leased multi broker license.
Looks like I have to go back to IB booktrader.
Are there any other alternatives? How about Sierracharts, does it support Account Groups?

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