Detect Strategy position independently from Market position

[martin70]

Hi,

I am running on the same instrument two different strategies: one enters only long, the other enters only short. Only 1 contract is traded for each of them.
In some cases it could happen that both have an open position, therefore MarketPosition = Flat, but Strategy1 = Long and Strategy2 = Short.
The information about the 2 strategies is correctly reported in the "Strategies" Tab: 1L and 1S.

My question is the following: is there a way to detect in my script what the Strategy Position is?

I know about Position.MarketPosition, but Position.StrategyPosition or something equivalent is missing as far as I know. Is there any other option to get the Strategy Position, without having to follow every entry and exit within the script?

Thank you
Martin

[NinjaTrader_Eduardo]

Hello,

Thank you for your inquiry.

The position of an account and the position of a strategy are separate., and the performance reports for accounts and strategies are also separate.

• NinjaTrader Help Guide - PositionAccount : Represents position related information that pertains to real-world account (live or simulation).
• NinjaTrader Help Guide - Position : Represents position related information that pertains to an instance of a strategy.

To reference the strategy position, you would use Position.MarketPosition. For the account position, you would use PositionAccount.

Running multiple strategies at a time on the same instrument and account will often cause the strategy instance's position to be out of sync with the account position.
The Account Position will reflect all strategy-generated trades, but each Strategy position would only reflect positions generated by the strategy itself.

For a strategy to effectively manage your account position, the strategy position and the account position would need to stay synchronized.
Furthermore, a strategy cannot close orders submitted outside the strategy.

This can have unintended consequences, and it is a better practice to consolidate the logic of all strategies into a single script.
If you wish to trade the same instrument with multiple strategies at the same time, consider running them on separate accounts instead to prevent unwanted account positions.

Please let us know if we may be of any further assistance.

[bltdavid]

I am running on the same instrument two different strategies: one enters only long, the other enters only short.

Same instrument?

Good God, man, don't do that!

It's a mistake, and will cost you dearly, sooner or later.

Two suggestions:

1. Use two different accounts.

2. Setup a locking mechanism such that strategies can
only enter a trade in their direction if they have acquired
the lock. If the 2nd strategy can't acquire the lock, then
that entry signal is ignored. The locking strategy should
release the lock as soon as its position goes flat.

Using #1 is easier, using #2 takes some coding skills.