Money management

[alibanez]

Hello. I'm trying to manage the money into the automated trading and I need to know how much money I win/loss in the last trade for adding or substracting. I have put the next routine:

protectedoverridevoid OnOrderUpdate(IOrder order)
{

Trade UltimoTrade;

UltimoTrade = Performance.AllTrade[Performance.AllTrades.Count - 1];

if (LongOrder != null && LongOrder.Token == order.Token)
if (order.OrderState == OrderState.Filled)

GCCapital = GCCapital + UltimoTrade.ProfitCurrency *
UltimoTrade.Quantity;
}


if (ShortOrder != null && ShortOrder.Token == order.Token)
{
if (order.OrderState == OrderState.Filled)
GCCapital = GCCapital - UltimoTrade.ProfitCurrency *
UltimoTrade.Quantity;
}
My problem is that this routine is not called after close of every trade. After three trades it calculate the second trade, and so on. What are I'm doing bad.

Thank you very much.

[koganam]

You told it to calculate the last trade but 1.

"Performance.AllTrades.Count - 1" is what you asked it to do.

[NinjaTrader_Brett]

Hello,

Thanks for the forum post.

Instead of doing this in OnOrderUpdate().

Why not just access the current trade and last trade before your ready to make a new trade and do your additions there before as a filter before you can place new trades.

For example use the following sample, however instead of counting consecutive losers. Do your money management math by accessing the PnL from the trade performance.

http://www.ninjatrader.com/support/forum/showthread.php?t=19289

Let me know if I can be of further assistance.