So I've been wanting an NT strategy to trade on both sides of the market and I got it running by breaking a whole into two parts, and I launch one strategy for all buy orders and another one simultaneously for all sell orders. It's doing alright throughout the day, but bizarre's happening on market closing.
Let's say I have 1 position short and 3 positions long, and enough funds for only 2 margin limits, even if I sell that short position. The brokerage sees that I have net 2 positions long and allows me to go on. At ETD NT tries to close all positions in the following fashion:
(i) cover 1 short
(ii) cover the resulting 3 long
Apparently, the order gets rejected because the account value is not enough to hold 3 net positions at a time. So here's the problem - after ETD I'm left in an open position.
Is there a way to set position closing priorities? Or maybe there's another solution for trading on both sides of the market that avoids it altogether? Your help is much appreciated!
Let's say I have 1 position short and 3 positions long, and enough funds for only 2 margin limits, even if I sell that short position. The brokerage sees that I have net 2 positions long and allows me to go on. At ETD NT tries to close all positions in the following fashion:
(i) cover 1 short
(ii) cover the resulting 3 long
Apparently, the order gets rejected because the account value is not enough to hold 3 net positions at a time. So here's the problem - after ETD I'm left in an open position.
Is there a way to set position closing priorities? Or maybe there's another solution for trading on both sides of the market that avoids it altogether? Your help is much appreciated!
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