Short & long at the same time

["CJS"]

It is possible, with the Unmanaged Approach, to have two contrarian orders opened at the same time?. I mean, being short & long at the same time.

Thanks a lot

[NinjaTrader_Bertrand]

Hi CJS, you can place opposing entry orders without running into the order handling rules using NT7's unmanaged approach however, once you execute those you're then net flat in strategy / account position...if you want to monitor them indepedently I would do so in 2 strategies.

[cboat]

Hello Betrand,

Is it possible as a a work around to becoming net flat can you specify unique account IDs to each entry? I.E. I have two IB accounts each with their own unique "U" numbers. I place a short to the first account and a long to the second account, all from the same strategy.

Thank You

[NinjaTrader_Bertrand]

Unfortunately not cboat, you would need to use 2 strategies each running on one subaccount then.

[aviat72]

This is a follow-up question regarding NT7.

I want to develop a strategy which goes both long and short, and adjusts the position size also. Effectively the strategy can have an open position which can be up to five units long or five units short and any point in between (-5 to +5). It will add and remove (long or short units) based on its signals. At any time it can have stop/limit orders active both on the long side and the short side, which will trigger to add long/short units as appropriate.

Can NT be used to implement and backtest strategies like that?

[NinjaTrader_Bertrand]

aviat72, yes, but depending on order types used you would need to move to the unmanaged approach to manage a strategy like this - http://www.ninjatrader.com/support/h...d_approach.htm