Strategy maintaining positions overnight

[caliph]

Hello!

we are planning to implement the following strategy. Could you support me in the question whether our project is possible with NinjaTrader 6.5 or 7


at 3 pm of day 1 the strategy decides if a FX position will be entered or not depending on a set of rules
possible outcome:
a: position yes
b: position none


around midnight of day 1: NT is shut down, brokerage connection is lost

at 8 am day2: Brokerage connection is reestablished, NT is started, the strategy script is restarted

at 12 am day 2 the script is suposed to issue position exit orders IF A POSITION EXISTS and additional rules are met
possible outcome:
a: position yes
b: position no

at 3pm day 2 the strategy decides if a FX position will be entered or not depending on a set of rules and on the fact IF A POSITION IS EXISTING (no second position should be created)

and so on each day...

Is this project implementable in Ninja Trader?

Regards,
Stefan

[NinjaTrader_Bertrand]

Thanks for your post Stefan - this is possible with NinjaTrader, however I would recommend you develop it on NT7 as you would then have access to dedicated ConnectionLoss handling options - http://www.ninjatrader.com/support/h...sshandling.htm

[caliph]

Hi Bertrand, thy for your quick answer.

Does your answer mean we have to keep NT running during the night? (And let NT handle the connection break to our broker IB as a temporary loss of connection?)

Could you please point me into the correct direction regarding implementation.

Thanks, Stefan

[NinjaTrader_Bertrand]

Yes, you would want to let NT handle the connection loss event, so the strategy is behaving as you need it - as if you would for example restart it on the next it would recalculate it's signals and positions and this could be different from what you expect for example due to different data being used. Of course this is also not a real issue, as long as you ensure proper sync between your account and strategy positions then, below is more info on the process with NT7 and it's new options to autoSync if needed, too.

http://www.ninjatrader.com/support/helpGuides/nt7/syncing_account_positions.htm