Sufficient buying power

[kiss987]

Hello

Is it possible to know if I have sufficient buying power BEFORE I submit a new order? In my scenario it is possible to already have an open position which reducing my buying power.

Thanks

[NinjaTrader_ChrisL]

Hello kiss987,

Thank you for the post.

You can use the GetAccountValue() function to return the buying power of the account the strategy is running on.

Example:

protected override void OnBarUpdate()
{
    if (GetAccountValue(AccountItem.BuyingPower) > 1000)
        // Do something;
}

Here is the help guide page to GetAccountValue():

https://ninjatrader.com/support/helpGuides/nt7/?getaccountvalue.htm

Please let us know if we may be of any further assistance.

[kiss987]

Hi

That value is updated only after I close my position. So, if my position is opened (and there for is reducing my buying power) I will not know that.

[NinjaTrader_ChrisL]

Hello,

Thanks for the reply.

There is no OnAccountItemUpdate() override method in NinjaTrader 7. There is in NinjaTrader 8, but buying power is not available for the sim account in NinjaTrader 8. Without this method, there is no way get the most recent value of buying power, unfortunately.

Please let me know if you have any further questions.