Commision?

[ErikHR]

I am using the free version of NT. I have manually imported NASDAQ daily data. I have a strategy that has the following line of code.

EnterLong(100, "Long Position");

In Strategy Analyzer I choose Back Test to test the strategy.

I set Include commission = True. I am expecting to get charged $2 per round trip for 100 shares, but instead when I look at the summary I get:
Commission = $200.00
Total # of Trades = 1

I went into Tools --> Options --> Commission
I have Stocks - Replay and Stocks - Simulator set to:
1$ min; 1/100

I am not sure what to change.

Thanks,
Erik

[NinjaTrader_Jason]

Hello Erik,

Can you please remove the commission level; 1/100.

Please use a minimum commission of $1 only and perform a new backtest and let me know if this will work for you.

[ErikHR]

That fixed it if I trade 100 shares.

In my strategies I am creating, I was planning on buying different amounts of shares based on share price. Something like:

if Close[0] > 25
EnterLong(100, "Long Position");
else if Close[0] < 25 && Close[0] > 10
EnterLong(300, "Long Position");
etc...

So I should pay a commission of $2 in the first case and $6 in the second case.

How do I set this up? What is the 1/100 for?

Thanks,
Erik

[NinjaTrader_JoshP]

It is the commission rate for the first 100. You can set up additional commission levels too if that is how you want it.

I could not answer if you would pay $6 now since I do not know the commission model you are after. If you think buying 300 quantity should only yield $2 then change 1/100 to 1/300.

[ErikHR]

I am trying to setup the commissions to mimic "The Direct Plan" below for back testing. I have not opened an account yet. I am still just trying to develop some strategies and back test them. I will be trading in increments of 100 (100-1000)
Thanks,
Erik

[NinjaTrader_Kyle]

Hi ErickHR,

Thank you for your post.

You will need to configure your commissions in the Options menu using the procedure outlined at the following link: http://www.ninjatrader-support.com/H...issionTab.html

It looks like the commissions for 100 shares would be as follows:
Commission - .50
Units - 100


Please let me know if you have any additional questions.

[ErikHR]

Thanks, guess I could have found that myself. Sorry for all of the questions.

[NinjaTrader_Kyle]

Hi ErikHR,

Thank you for your reply.

No problem at all, we're here to help! Please let us know if you have any other questions.