Risk Management

[lurefo]

Hello,

I currently trade from the DOM and there are two risk management rules that I manually apply today that I would like to automate. Specifically:

1) Is there any way to make the platform determine the number contracts to go long or shorts in any particular trade based on a percentage of the account I am willing to risk and on a number of ticks/points calculated from the last few data bars? it would go like # of contracts = % of realtime cash value / # of ticks. I deallly I'd like to just have to hit Long or Short and the platoform would take it all from there until trade close.

2) Can I make the platform allow to send to the broker only X number of trades per day? which prevents from overtrading.

Thanks
Lurefo

[NinjaTrader_Joydeep]

Hello Lurefo,
1.Yes, you can do it by creating a NinjaScript strategy using the Managed or Unmanaged approach. You cannot use the Atm method to submit the orders though.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?order_methods.htm

2. Yes, you can do it using the Managed or Unmanged approach. You may refer to these sample codes which are on similar lines.

• http://ninjatrader.com/support/forum...ad.php?t=19289
• http://ninjatrader.com/support/forum...ead.php?t=4804

[lurefo]

Great, I'll look into these links. Thanks, I appreciate.