I am just getting started but have done lots of reading here and cannot work out how to regularly get NT set up to trade.
I’m using the simulator mode and just running the SampleMACrossOver script just to get things going.
However, I cannot get trades to execute each time I start the NT software up.
The steps I take are:
1)Connect to the simulator
2)Open a new chart with the SP500 at a single tick timeframe (for speed of execution if nothing else).
3)Hit the strategy button on the chart and add the above script
4)Watch it run (waiting for 30 seconds to let it get started) and expect to see orders being placed and filled
But I don’t see any orders placed even when I make the MA cross by changing the trend of the market.
Stuff I’ve tried:
1)I thought perhaps it might be that I need to activate the chart trader...but I can’t activate it (it’s greyed out) and I presume that this isn’t the problem anyway.
2)The Default Quantity is set to ‘strategy’ so I changed this to by default quantity and set it to 10 – no effect
3)I noted in the logs that there was no start price for the SP500 saved so I entered one. This got the chart ticking along nicely but no trades.
Then I just tried one of the instruments in the default instrument list – the es 03-10 and orders started being filled.
Is it something as simple like I am trying to trade an index?
I then thought I’d try adding SPY (SP500 ETF) to the instrument list as it wasn’t there. I added a start price and chose default as the exchange. This worked!! I managed to get the sample scripts and some custom stuff that I’ve written to submit trades. But...
I keep getting the error “Stratregy ‘sampleMACrossOver’ submitted an order that generated the following error ‘order rejected’. Strategy has sent cancel requests, attempted to close the position and terminate itself.” This was followed up by an error telling me I’d exceeded available account equity. I was using the uneditable sample MA crossover strategy.
I would be much obliged if someone on the board can help me to:
1)Let me know what I’m doing wrong with the SP500 instrument – or tell my I’m being an idiot for trading an index ;-)
2)Somehow get orders to fill correctly.
Thanks very much in advance.
Cromm

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