Entering Position Based on Percentage of Account

[NinjaTrader_AlanP]

Hello CoopersFX,

You could use Math.Floor to round down to the nearest integer.

I have attached a sample strategy which will calculate 2 percent of your account size, divide that by the currency price, then divide by 1000 and round down to give you how many micro lots to purchase.

If you were applying this to something which doesn't have the quote currency in USD, for example JPYUSD, extra consideration would need to be made to line 80 within the code.

The strategy was written in NT8 thus will not work in NT7, however demonstrates the logic for how you would calculate what you're looking for.

Please let us know if you need further assistance.

[kennet,stenberg]

Hello!
That was helpful, but I don´t understand why I still get the "Not Enough Excess Margin" when I am trading with so small amounts.
How do I check for that, by Position? Do I need to stop the strategy and cancel all orders?
My Playback account is on $5.000.

[NinjaTrader_AlanP]

Hello,

If you had working orders that could cause this issue.

I would suggest setting your playback account to 100k and retesting.

Please let us know if you need further assistance.

[Ranger Brad]

Greetings,

I'm looking to do the same thing. I have NT8 strategies that will trade EURUSD.

"If you were applying this to something which doesn't have the quote currency in USD, for example JPYUSD, extra consideration would need to be made to line 80 within the code." --- Can you please tell me exactly what I'd need to do to make this work? I have no coding experience, so a For Dummies version would be great.

With that in mind, can you please recommend a highly competent coder I might hire to do this if I decide I'm in over my head?

[NinjaTrader_Kate]

Hello Ranger Brad,

Thank you for your post.

I talked to Alan regarding what he meant by extra consideration. He stated the strategy takes account size *2 percent to get the betsize, then to determine how much AUD/USD to buy it divides betsize by the AUD/USD rate. If the currency pair was quoted USD/JPY rather than JPY/USD, you would want to divide (1/(JPY/USD)). So you'd be okay since your pair is quoted EURUSD.

CME quotes currencies FX/USD, but often the yen is quoted USD/JPY, which is just the inverse.

As far as getting recommendations for NInjaScript Consultants, please write into our main support email at platformsupport[at]ninjatrader[dot]com and we'd be happy to provide you with some options.

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