Pair trading / Spread trading

[HelloHello]

Hi,

1) I'm wondering if you are able to in Ninja Script to Pair Trading / Spread Trading, where you have (2) data feeds of 2 different stocks and are able to say long one and short the other at the same time?


2) NTMarketPosition("") ---> okay say I have a trade station chart on. The symbol is INTC. In order to find out the marketposition of INTC I type NTMarketPosition(""), but say that while I'm on the INTC chart I want to find out the market position of CSCO, can I type NTMarketPosition("CSCO");

Thanks

[NinjaTrader_Dierk]

1) Yes, please see SampleMultiInstrument strategy and docs related: http://www.ninjatrader-support.com/H...struments.html
2) No. But you could code your own TS EL function to do that, please check out how NTMarketPosition function is implemented in TS EL and how the symbol is referenced. Note: This is beyond what we can support, you would need to try on your own.

[NinjaTrader_Ray]

1) NT 6.5 due out shortly is better equipped to handle this since we will introduce an OnMarketData() method that is fired for every change in market data for the "pair" you are tracking.

[HelloHello]

excellent,

also are you able to in ninja script run multiple strategies?

Thanks

[NinjaTrader_Dierk]

- you can run multiple NS strategies on different instruments concurrently
- you can not run a NS strategy within a NS strategy

[nightriderx]

I am trying to convert a pair trading/spread strategy that I built in WealthLab. I am having a bit of a hard time, starting with the basic of how do I get the price of the second stock, then proceed to use the bar close price of both to go through my calculations. Can you please direct me. As I understand NT7, which is what im using, has some special features for this...can you please explain all.
Thx in advance!

[NinjaTrader_Tim]

Hi nightriderx,

I have implemented something very similar here - http://www.ninjatrader.com/support/f...d=1&linkid=293

Using a multi-series script - http://www.ninjatrader-support.com/H...ameInstruments

[artov]

The first link does not seem to be working

[NinjaTrader_JoshP]

artov,

Thanks. It has likely been moved to a different location.

Believe it is this one: http://www.ninjatrader.com/support/f...d=4&linkid=363