A couple basic questions about Strategy vs Indicator

[cre8able]

I have programmed a number of Indicators in NT8, but this will be my first Strategy. I want to make sure I start in the right direction.

I have an Indicator that gives me a trade signal that I want to automate into an order. I assume this is best done by a Strategy calling the Indicator for the signal, Correct?

I also will be placing manual trades. I want to make sure that if I am in a trade, the Strategy doesn't open a new trade. Can a Strategy look at my account for open orders if a trade was placed manually?

thanks

[NinjaTrader_Gaby]

Hello cre8able,

Thank you for your post.

Yes, you can call your indicator within your strategy for the signal.

PositionAccount.MarketPosition can be used to check what the market position is for the account the strategy is running on. You can use this check in your condition for entry.

PositionAccount - https://ninjatrader.com/support/help...ionaccount.htm


Position.MarketPosition can be used to check the market position of the strategy.

MarketPosition - https://ninjatrader.com/support/help...etposition.htm


Note: Strategy positions are separate from actual Account positions. Please see the Help Guide link below which explains this in detail:
https://ninjatrader.com/support/help..._account_p.htm

Please let me know if you have any other questions.