sim margin settings

[ninjauser]

Hi, Could anyone tell me what values I should put into the simulator margin, maintenance margin and margin/unit boxes so that it accurately reflects A Mirus trading account please? - I believe their starting margin and maintenance margin is the same at $500.

I have had the values 0.5 in the margin and maint margin boxes and 500 in the margin / unit box but this does not appear to stop me from placing orders when I have too many contracts working. Also on the accounts tab I see that there are 0 or null numbers againts sim101 margin boxes. Do I need to set this up elswhere other than in options/simulator?

Thanks

PS I'm running NT6.5

[NinjaTrader_Dierk]

I'm not sure if you can achieve what you are looking for since NT's internal margin calcs likely are different than the logic as real broker (Mirus) applies. There is no way to cross check.

I consider this a "grey" area where NT tries to find a "reasonable" approach. However this approach unlikely will match any real broker calcs out there.

[ninjauser]

Thanks Dierk, I understand what you are saying.
If not accurate then reasonably close will do. As it stands, if I tell NT that I have a starting balance of $1000 and and set the margins for .5, .5, 500 then I can still trade 40+ contracts.
How do I stop any more than 2 contracts being allowed?
Thanks

[NinjaTrader_Dierk]

You would need to test this out by yourself by playing with the simulator settings and the margin value settings for this instrument in the instrument manager.

[Pipskateer]

You would need to test this out by yourself by playing with the simulator settings and the margin value settings for this instrument in the instrument manager.

Hi,

Can you give at least some helpful direction here? I am trying to do the exact same thing, setup a Mirus demo.

Nothing seems to affect NT's "internal margin calcs" to limit the opening of new positions based on available margin. Nothing I do seems to alter that "buying power" figure. I've tried changing the margin settings in the instrument manager and the simulator tab options. There just doesn't seem to be any logical way to get NT to limit opening new positions as a function of your true equity. Is there a broker anywhere in the world that would allow you to open +40 contracts on a $2500 starting cash balance? What am I doing wrong?

[NinjaTrader_Jason]

I suggest to change your settings under Tools-->Options-->Simulator and test what setup works best for you.

As mentioned in post #2 this is a "grey" area and it is unlikely it will match any real broker accounts.

[Pipskateer]

I suggest to change your settings under Tools-->Options-->Simulator and test what setup works best for you.

As mentioned in post #2 this is a "grey" area and it is unlikely it will match any real broker accounts.

Understood, but isn't there any documentation to indicate what these various settings actually do?

[NinjaTrader_Jason]

Unfortunately not. However, I will forward your inquiry to Management.

[Pipskateer]

Unfortunately not. However, I will forward your inquiry to Management.

Thank you!

[Laserdan]

has this been figured out by anyone? Cant beleive the software has grey areas that are undocumented...other than that..love it!

[NinjaTrader_RJ]

has this been figured out by anyone? Cant beleive the software has grey areas that are undocumented...other than that..love it!

Unfortunately there are not updates on this issue.

[Naked Shorts]

Anyone know the appropriate settings that would reflect accurate trading of the 6E contract? (euro/usd futs on globex)

[NinjaTrader_Jason]

Hello Naked Shorts,

I am not sure if I follow. Please use the default instrument settings as per the 6E. You can ensure it uses the default settings by resetting the instruments at Tools-->Options-->Misc-tab.

If you are referring to the sim101 account settings, you will need to test it yourself to see what settings will work best for you.