Avg Price Vrs Breakeven Price

[Eoghan O Sullivan]

Is it possible to adjust the avg price on the basic entry or the super dom to show me the avg price I need to get out at to take a flat on a trade after adding to a position.
Eg: Bought 800 PCX @ $14.60
Booked profit on 600 shares @ $14.91
Bought another 200 @ $14.97 (net long 400)
My avg price had now changed from $14.60 to $14.67 (= 800 x 14.60 + 200 x 14.97 / 1000)

However, this price ($14.67) is > the breakeven price ($14.60 + $14.97 / 2 = $14.785) which is the price I need to know if I want to exit the trade at a flat.
So, if I exited the trade (400 shares) at $14.67, I will give back some profit as I am not exiting the trade at breakeven.

Please advise.

Kind regards
Eoghan

[NinjaTrader_Jason]

Hello Eoghan,

Yes, please go to Tools-->Options-->General-tab and enable 'Use FIFO for position avg. price calculations'.

Average position price will be calculated based on 'first in, first out' method.

[Eoghan O Sullivan]

Thanks Jason
kind regards
Eoghan