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Expert advice needed

  #1 (permalink)
stone97
HATTIESBURG
 
Posts: 17 since Oct 2011
Thanks Given: 19
Thanks Received: 8

I have a situation that needs some help resolving and I'm having a difficult time finding answers to make an intelligent decision. I currently trade on NT. The program has a feature called "Account Groups" and using that feature you can select multiple accounts to trade at one time. The problem arises in that NT will only allow you to trade one lot per account. I need a feature that will allow me to trade as I wish, 2 lots for one account, 3 lots for one account, 1 lot for one account, etc.... While my FCM is IB, TWS. So far to date no one has been able to tell me a work around for this and create an environment where I can adjust the lot size for different accounts traded together.

Now If I changed to MultiCharts this problem is solved as there interface simply passes the trade through to TWS where I can create a Group Allocation and select the number of lots per account.

The question becomes, is there a workaround for NT or do I just move to MC? From what I've read here and elsewhere the platforms are very similar as far as built charts look like, and while the program language looks more impressive in NT than easy language in MC, it's all greek to me on programing...This is not my area at all.

Those of you with much more experience with the two platforms and how the programming aspect of this all works please advise.

Wandering in the desert in the Southland

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  #2 (permalink)
r3algood
Little Rock, Arkansas
 
Posts: 198 since Jul 2011
Thanks Given: 106
Thanks Received: 109


stone97 View Post
I have a situation that needs some help resolving and I'm having a difficult time finding answers to make an intelligent decision. I currently trade on NT. The program has a feature called "Account Groups" and using that feature you can select multiple accounts to trade at one time. The problem arises in that NT will only allow you to trade one lot per account. I need a feature that will allow me to trade as I wish, 2 lots for one account, 3 lots for one account, 1 lot for one account, etc.... While my FCM is IB, TWS. So far to date no one has been able to tell me a work around for this and create an environment where I can adjust the lot size for different accounts traded together.

Now If I changed to MultiCharts this problem is solved as there interface simply passes the trade through to TWS where I can create a Group Allocation and select the number of lots per account.

The question becomes, is there a workaround for NT or do I just move to MC? From what I've read here and elsewhere the platforms are very similar as far as built charts look like, and while the program language looks more impressive in NT than easy language in MC, it's all greek to me on programing...This is not my area at all.

Those of you with much more experience with the two platforms and how the programming aspect of this all works please advise.

Wandering in the desert in the Southland

Have you tried calling or emailing the NT support staff?

I've emailed them before and asked questions on the forum and they are pretty quick about giving a response

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  #3 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
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stone97 View Post
I have a situation that needs some help resolving and I'm having a difficult time finding answers to make an intelligent decision. I currently trade on NT. The program has a feature called "Account Groups" and using that feature you can select multiple accounts to trade at one time. The problem arises in that NT will only allow you to trade one lot per account. I need a feature that will allow me to trade as I wish, 2 lots for one account, 3 lots for one account, 1 lot for one account, etc.... While my FCM is IB, TWS. So far to date no one has been able to tell me a work around for this and create an environment where I can adjust the lot size for different accounts traded together.

Now If I changed to MultiCharts this problem is solved as there interface simply passes the trade through to TWS where I can create a Group Allocation and select the number of lots per account.

The question becomes, is there a workaround for NT or do I just move to MC? From what I've read here and elsewhere the platforms are very similar as far as built charts look like, and while the program language looks more impressive in NT than easy language in MC, it's all greek to me on programing...This is not my area at all.

Those of you with much more experience with the two platforms and how the programming aspect of this all works please advise.

Wandering in the desert in the Southland

Why can't you set up a block account with your broker and not even deal with it in NT? Will they not do that?

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  #4 (permalink)
stone97
HATTIESBURG
 
Posts: 17 since Oct 2011
Thanks Given: 19
Thanks Received: 8


r3algood View Post
Have you tried calling or emailing the NT support staff?

I've emailed them before and asked questions on the forum and they are pretty quick about giving a response

R3, I have emailed those folks, had several conversations and even been directed to the one half page allocated to this subject in the manual. No joy, the won't play and to add insult to injury, I've requested them to alert me to one of the providers of script/programming that is shown on their website and the best answer I have received is call or write anyone of them, they can all do this for you.

So far that has not been true..have talked to several, emailed with no response yet another 4 and the best I've gotten so far is one fellow who said he could build me a program to work with Ninja that would allow me to buy, sell and close the trade...no provisions for type order, stops, etc....and he hasn't told me yet would his solution work with the ATM inside NT. ....I continue to wander...

Thanks though for your response.

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  #5 (permalink)
stone97
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Posts: 17 since Oct 2011
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Thanks Received: 8


bluemele View Post
Why can't you set up a block account with your broker and not even deal with it in NT? Will they not do that?

Bluemele, I can set up a block account exactly like I want with IB that will do exactly what I want. However, if I trade through IB, what will be the value of NT and how will I use the ATM?

I was upfront and told everyone I don't know programming...I can drive the car, but can't rebuild or tune up the engine....I just know what I want it to do and I like Ninja...but as the Army would say, it's not being all it can be

I spoke with IB today and they never eluded to the option you just mentioned...

thanks

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  #6 (permalink)
r3algood
Little Rock, Arkansas
 
Posts: 198 since Jul 2011
Thanks Given: 106
Thanks Received: 109


stone97 View Post

Now If I changed to MultiCharts this problem is solved as there interface simply passes the trade through to TWS where I can create a Group Allocation and select the number of lots per account.

The question becomes, is there a workaround for NT or do I just move to MC?

On re-reading your post it sounds like you have already answered the question in your mind.

If this functionality is of vital importance to you I wouldn't want to have to "work around" anything!

Go for MC

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  #7 (permalink)
stone97
HATTIESBURG
 
Posts: 17 since Oct 2011
Thanks Given: 19
Thanks Received: 8


r3algood View Post
On re-reading your post it sounds like you have already answered the question in your mind.

If this functionality is of vital importance to you I wouldn't want to have to "work around" anything!

Go for MC

R3, it's what I like about you bama boys, just cut to the chase. My error, Let me rephrase...as you would be correct..."workaround" sounds dumb and really isn't accurate...I have to have this fixed....Like my NT and really don't want to have to go learn a whole new platform...but will if that becomes the best solution...Trading my own account, NT does great....it's only trading for others that creates this problem..and it can be fixed...the bottom line to me will be is the cure going to cost more than changing to MC and is the cure going to work seamlessly once complete...

Time will tell,

thanks

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  #8 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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Before I attempt to offer solution may I ask you a question: Do you change the number of lots for each account daily? Are they all your accounts or do you have a POA on some accounts?

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #9 (permalink)
stone97
HATTIESBURG
 
Posts: 17 since Oct 2011
Thanks Given: 19
Thanks Received: 8


mattz View Post
Before I attempt to offer solution may I ask you a question: Do you change the number of lots for each account daily? Are they all your accounts or do you have a POA on some accounts?

Hi Matt, you of course can ask any question you like. I set the number of lots and won't usually change it for a couple of weeks or more. So the trade is pretty static. I have a POA on all of the accounts I trade. I am a real fan of the one click trading of all accounts at one time.

Now just for information, this is required for pre-trade allocation. If I was doing post trade allocation then I could just buy/sell as many accounts as I wanted and then allocate them to the accounts I wanted and in the lot sizes I wanted under my master account. However, with Interactive Brokers, none of that applies as everything is done Pre-trade.

Thanks,

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  #10 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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stone97 View Post
Hi Matt, you of course can ask any question you like. I set the number of lots and won't usually change it for a couple of weeks or more. So the trade is pretty static. I have a POA on all of the accounts I trade. I am a real fan of the one click trading of all accounts at one time.

Now just for information, this is required for pre-trade allocation. If I was doing post trade allocation then I could just buy/sell as many accounts as I wanted and then allocate them to the accounts I wanted and in the lot sizes I wanted under my master account. However, with Interactive Brokers, none of that applies as everything is done Pre-trade.

Thanks,

I have PM'ed you.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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Last Updated on October 13, 2011


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