Hi.
First, here are a couple of risk management tools that I would like to see added to NT.
1) Ability to set a MAE value that stops you out of a position (e.g., no more than 20 ticks of MAE or you're out). Ideally, this would be set at the instrument level, but a global setting would be fine too.
2) Option to disallow adding to positions that are underwater (i.e., if you're adding to a winner, great -- if you're adding to a loser, no go).
3) Maximum loss for the trading day (again, by instrument ideally).
An important feature of these settings would be that you have restart NT for changes to take effect. This would keep folks from making changes in the heat of the moment (basically just like moving a stop).
Second, I would like to know why indicators and strategies have to function differently (different implementation, different abilities, etc.). Why can't all of the capabilities of each be available when you're writing a script? I've seen many questions in the boards that go to this issue, and I've personally have several occasions when I've wanted to use strategy features in an indicator and vice versa. Please elaborate as to why this must be, and whether any future version might do away with the indicator/strategy distinction.
Thanks!
Regards,
First, here are a couple of risk management tools that I would like to see added to NT.
1) Ability to set a MAE value that stops you out of a position (e.g., no more than 20 ticks of MAE or you're out). Ideally, this would be set at the instrument level, but a global setting would be fine too.
2) Option to disallow adding to positions that are underwater (i.e., if you're adding to a winner, great -- if you're adding to a loser, no go).
3) Maximum loss for the trading day (again, by instrument ideally).
An important feature of these settings would be that you have restart NT for changes to take effect. This would keep folks from making changes in the heat of the moment (basically just like moving a stop).
Second, I would like to know why indicators and strategies have to function differently (different implementation, different abilities, etc.). Why can't all of the capabilities of each be available when you're writing a script? I've seen many questions in the boards that go to this issue, and I've personally have several occasions when I've wanted to use strategy features in an indicator and vice versa. Please elaborate as to why this must be, and whether any future version might do away with the indicator/strategy distinction.
Thanks!
Regards,
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