Error on Orders

[elitetradernyc]

Hey guys I've got a major issue with my order code. I have two strategies and Friday I had one strategy submit a sell order at a stop level, but it also sold the shares from the other strategy even though they have different entry and exit names and conditions. How do I prevent this?

Here is my order code for the sell:
exitLong1a = ExitLong(25, "exitLong1a", "enterLong1a");

Thanks,
EliteTraderNYC

[NinjaTrader_CalH]

EliteTraderNYC,

Was this two different instruments that the strategy's were running on or just one?

Additionally, were these on the same account?

[elitetradernyc]

Hi Sir, they were both on the ES instrument on the SIM101 account.

The two strategies had different stops, but when the first strategies stop was hit, it triggered both sells.

[NinjaTrader_CalH]

EliteTraderNYC,

Strategy's will not know what another strategy is doing with its orders or positions. Therefore, any orders submitted can interfere with the Account's positions when there are two strategies working for the same instrument and account

Example, two strategies -> one goes short and the other goes long. While the strategys will have their own working positions, one short and one long, the account will be considered flat at this state.

[elitetradernyc]

Hi sir, so are you saying that if you have the same strategy working on the same instrument would it be best to have different accounts for each strategy? I need the most efficient workaround to avoid this problem.

Thanks

[NinjaTrader_JC]

Hello elitetradernyc,

That may be the most efficient way to do it yes, since it will require no addition code changing and an additional Sim account can be created easily in NinjaTrader by going to Tools -> Options -> Accounts.

[elitetradernyc]

Hi sir, is there another way to get around this problem? I currently do not have a realtime NT license so I dont think that I can create more than one sim account?

[NinjaTrader_JC]

Hello elitetradernyc,

There is not another way to get around this that I know of using live data.

Note that this is due to a Strategies position being different than an Account Position which is why you are seeing this behavior. You may view the following thread that will give you an example of this in detail.

http://www.ninjatrader.com/support/forum/showthread.php?t=4033

Could you clarify what you are wanting to accomplish by placing two strategies on the same instrument? For example are you just trying to compare Strategy results with different parameters?

Also, what instrument are you testing this on?

[elitetradernyc]

Hi, its for ES. I have different profitable strategies that I want to run on ES. I got a live license so im set now.