I've seen many questions regarding the possibility of going long and short simultaneously (in my case, I'm using a Phillip account on the ES).
I've seen answers from NinjaTrader saying it's not possible and others saying it's highly discouraged. I then found an older NinjaTrader video (NT7) showing how to use Chart Trader and SuperDOM to simultaneously go short and long using different ATM Strategies.
I've messed around with this a little using the sim account and it seems to be possible to go long and short as per the video instructions.
My question is will this work on a live account without any negative repercussions from Phillip?
One answer from NinjaTrader stated:
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"Having multiple strategies running on the same instrument/account combination is highly discouraged. This is due to the fact that strategies are not aware of each other and running multiple strategies will usually cause issues with your account position.
For example, if you have two strategies running and one is in a 4 long position; if the other takes a 4 short position, both strategies will show profits/losses, but your account position would effectively be flat and you'd not be in any position at all."
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I don't really care if the strategies are aware of each other and I'm not really concerned if my account position is inaccurate while I have open positions.
I can understand how a long position and a short position could cancel each other out from the perspective of the account position, but after both positions are closed, wouldn't the account position show the final position.
For example, if I opened a long position and short position and ended up selling the long at +2 points and the short at -1 point, would my account position show the +1 point profit when all was said and done?
Thanks!
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