Chart Entry/Exit Lines seem FIFO

[Hyper]

Hi. I'm doing a significant number of "defensive style" Orders, where I
will typically want a LIFO style of Order closure on position profit-taking.

I'm happy to draw my own stuff on the Chart, to "connect the dots"
between Entry and Exit time/prices but I see that the Chart does
a lot of that for me, but in a FIFO style.

If I can post a screenshot, we will see that 4 Sell positions w ere
taken as price rose up; and when the Last one was closed,
the Chart nicely drew a line from the First one, to the Last One
in a FIFO style.

Is there a LIFO style available, or should I just go ahead and
see whether I can draw my own relationships on the chart?

I think I figured out uploading images, and you can see it
is a beautiful FIFO connection relationship which is
drawn automatically by the Ninja chart.

hyperscalper

[NinjaTrader_Manfred]

Hello Hyper,

Thank you very much for the detailed post.

NinjaTrader, by default, will indeed always connect the trades as FIFO (first-in-first-out).

The only setting that can be modified is how PnL is calculated on simulated accounts (FIFO or LIFO).

This setting may be changed by going to Tools > Options > Trading > "Use FIFO for position average price calculations".

However, even just enabling this setting on a live account would require reaching out to the brokerage to see if they are able to change it on their end, as this information is not produced by the NinjaTrader platform directly but by the connected brokerage.

I hope for your understanding in this regard. Please don't hesitate to let us know if there is anything else we may assist you with!