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Trading in units instead of number of contracts


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Trading in units instead of number of contracts

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  #1 (permalink)
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Futures
 
Mich62's Avatar
 
Posts: 296 since May 2012
Thanks: 298 given, 502 received

Does anybody know how to trade in units consisting of a predefined number of contracts instead of a number of contracts in NinjaTrader 8?

For example: I want to trade 1 unit which is 5 contracts, 2 units would be 10 contracts.

It should be possible to define/maintain the number of contracts held by 1 unit somewhere. In the above example the number of contracts held by 1 unit is 5.

Thanks!

Edit: would this be possible in another charting package like for instance TradeStation or MultiCharts?

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  #2 (permalink)
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Mich62 View Post
Does anybody know how to trade in units consisting of a predefined number of contracts instead of a number of contracts in NinjaTrader 8?

For example: I want to trade 1 unit which is 5 contracts, 2 units would be 10 contracts.

If you're using ATM strategies, define an ATM strategy consisting
of 5 contracts, and another set consisting of 10 contracts -- then
just name them as "1U" and "2U".

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September 13, 2020


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