2 accounts

[HelloHello]

Hi,

I currently have NT and I take my Trade station orders and route the orders to IB. I have a friend who wants his account traded under the same orders. This can be done right? Also, don't know why but I can't find the section that describes how to do this. Could someone point me in the right direction.

Thanks

[NinjaTrader_VinceB]

Hi,

Thank you for your post.

Yes, this is possible. Please take a look at the following in our Help Guide:

http://www.ninjatrader-support.com/HelpGuideV6/WorkspaceOptions.html

Vince

[HelloHello]

thank you for your help vincent
I see that if you want to route your trade station orders to multiple accounts you write

"Account=Account1,Account2"

However, what if the account is from another person. Would I need to purchase another licenses, and hence run 2 NT instances?

[NinjaTrader_Ray]

To clarify:

The account for another person, would this be another instance of TradeStation (total of 2 TradeStation instances) or one instance with two accounts available?

[HelloHello]

I guessing the enabling the (2) accounts is the easier way. Where would I find info on your website regarding fees for this?


Thanks

[NinjaTrader_Ray]

If you have two instances of TS, you would need two instances (licenses) of NT for this. You would then also need to run this on different PC's since you can only run one instance of NT at a time.

Standard pricing on our website applies.

[HelloHello]

Ray,

Thank you for your reply. If both accounts are in my name and in the same brokerage, I would only need (1) NT license, and (1) trade station instance correct?


I then would name the workspace with the account numbers and NT will send the same order to both accounts right?

Thanks,

[NinjaTrader_Ray]

That is correct.

[HelloHello]

Ray,

IB has a option where you can set up automatic billing to your clients accounts. I understand that I can take the orders from TradeStation and route them to IB to 2, 3, or as many IB accounts as long as the account has my name.

But if I had 3 accounts all of different people I would need 3 tradestation licenses, 3 NT licenses, and 3 computers in order to accomplish this. I've got to figure there has to be a way around this.


Thanks,

[NinjaTrader_Ray]

If you have an IB FA account, you only need to have one TradeStation instance running, one NT instance and one IB TWS instance. You can route orders generated by strategy signals in TS through NT to all of your IB accounts.

Although you are using one NT instance, you do require multiple NT licenses, one for each unique account holder you are managing.

[HelloHello]

Ray,

Thank you very much for your reply and sorry for all the questions. the one concern that comes up is will I be able to delegate how many shares for each account when a TS order is initiated.

For example, so tradestation gives a buy signal. I use the code BuyMarket("Trade", 200); however would I be able to code so that I'd be able to buy 500 shares from person A's account, and 800 shares from person B's account?

Thanks,
Hello

[NinjaTrader_Ray]

Not in the context of an IB FA account. The reason is, we do not support their allocation profiles.

However, if you are trading futures, most of our supporting Introducing Brokers offer what is known as a block account. This is allows you to have sub accounts with different allocation. When you logon with NT, you only see the one block account number and trade through it. At the end of the day, the FCM will then distribute the traded contracts according to the allocation profile you set up.

[HelloHello]

is this option only valid for futures? and not equities?

[NinjaTrader_Ray]

That I am aware of. You can check with MB Trading to see what they offer for equities.

[ts888]

Not in the context of an IB FA account. The reason is, we do not support their allocation profiles.

However, if you are trading futures, most of our supporting Introducing Brokers offer what is known as a block account. This is allows you to have sub accounts with different allocation. When you logon with NT, you only see the one block account number and trade through it. At the end of the day, the FCM will then distribute the traded contracts according to the allocation profile you set up.

this may be more of a question for my broker (AMP) but want to check with you first to see if it's possible.......regarding what you describe above, would this work if I was to be trading my own account as well as a few others that I have Power of Attorney over to trade as a financial advisor? This would be for futures only. Would I be able to trade it all through one dome per instrument and with one order instead of having a whole bunch of different domes open and having to enter each one separately? This btw, would have absolutely nothing to do with TradeStation which I see mentioned below several times.