calculate entry position size

[cbsplanet]

Hi, Need with help to calculate entry position size.
Variables:
Start of day net account balance : $5000
Current Stock price : $120
Allocation: 15%
Qty : Start of Day account balance * Allocation / Current stock price (5000*15%/120 = 6.25) so need a return value of 6

is there a command which returns {Start of day net account balance}, {which converts 6.25 to 6 for the qty} & i believe i can use close[0] for the stock price


thanks for your help

[NinjaTrader_Jesse]

Hello cbsplanet,

There wouldn't be anything built in for that, you could make a User input for that purpose. If the start of day balance is a default value which should be the same for each day then a double user input would be best for that. If you are trying to track the realized PnL from the previous day as a starting point you could see the following example which shows how to track realized PnL and reset for each session.

https://ninjatrader.com/support/helpGuides/nt8/using_trade_performance_statis.htm

[cbsplanet]

thank you Jesse for the reply. I am actually trying to customize a strategy where the order position is auto calculated based on the account net balance. So if at start of the day if my account net balance is 5000 on day 1 then i can buy X stock and day 2 the account balance is 5200 then it take a position based on new balance.

[NinjaTrader_Jesse]

Hello cbsplanet,

Did you have additional questions or were you just clarifying the goal?

If we loop back to the original question, there is not a command for what you are asking. If you still had questions, what part did you need help with for the calculation?

[cbsplanet]

Hi Jesse, it was a question but i have a solution. used below calculation to get the cashvalue .

cashValue = account.Get(AccountItem.CashValue, Currency.UsDollar);


this allows me to select a account gets it cashvalue and allocate a % of the cashvalue in strategy to buy and sell.

tx for the help