AccountValue Query

[yades]

Hi Support,
I need my strategy to define the Quantity for each trade as function of capital at risk (e.i. 1%) and the stop loss I apply (e.i. 0.05 ticks) on each trade in live trading. I am wondering if this code could work:

#region Variables
accountSize = 10000; // initial capital
stopLoss = 0.050; // stop loss in tick size
#endregion

On BarUpdate()
If(Close[0] > Close[1])
{
if(!Historical) AccountSize= GetAccountValue(AccountItem.CashValue) == 0 ? AccountSize : GetAccountValue(AccountItem.CashValue); 
positionSize = accountSize x 0.01 / stopLoss;

EnterLongLimit(0,false,(double)positionSize,Low[0],"Buy");
}

Also please could you advisee if it's best defining accountSize in the Variables section or in the Initialize() void

Thanks

[NinjaTrader_JC]

Hello yades,

That should work, but I would change the name of your Variable as it is the same as the "AccountSize" Variable built into the Strategy Class.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?accountsize.htm

The "AccountSize" Variable inside of the Strategy class is not meant to be dynamically changed, so a defined variable will work like you have, but to avoid conflicting with it you may just want to name it differently.

Happy to be of further assistance.