Question on LIFO vs FIFO trading

[Austiner87]

Hi NT Support,

An example:

I buy a contract, and the price goes down by 10 points, then I buy another contract. The price goes up by 5 points and hits my target for the secons contract. However, My realized PnL now shows negative 5 points, as NT sold in a FIFO manner reflecting it as if I sold the first contract at a 5 point loss. However, my goal is for the PnL to reflect a 5 point gain and show that I sold the second contract, and the the entry price to remain at the entry for the first contract.

How can I change the settings to reflect this, thank you.

[NinjaTrader_ChrisL]

Hi Austiner87, thanks for your note.

If the account never goes flat in between the orders being placed then NT will calculate the PnL based from the first position taken, so if the position loses 4 points then reverses that loss will still be reflected when the position goes back up. If the position goes from long to flat to long again the unrealized PnL would be reset when the account goes flat

[martyn73]

I find this to be a problem with NT as well. Is it possible to make NT calculate Pnl based on the contract that was closed through config or code? I'm on NT8.

[NinjaTrader_ChrisL]

Hi martyn73, thanks for your post.

Unfortunately, there is no way to change the form control that displays PnL in the Control Center.

[VolatyTrading]

FYI we have a breakeven price indicator that shows the breakeven price of a position. In the example below it is shown in purple in (c). It takes the profit of the partial close into account to show the breakeven price, where the position earns zero profit. This is useful for traders who scale in and out of positions.

(a) Position opens at $13,111.50 with 2 contracts.	(b) Order to partial close 1 contract at $13,121.00.	(c) Breakeven price after partial close is $13,102.50.