Multiple strategies on same chart

[mballagan]

I would like to run two strategies on the same chart (ES one renko) in realtime mode. Can the two strategies open and close positions independently without causing issues?

[NinjaTrader_Jesse]

Hello mballagan,

Technically yes you can do that however neither strategy would be able to accurately report the position. Generally strategies should just be combined into a single strategy that covers all the goals you wanted to achieve for that instrument. That would allow its virtual position to always be known and match the account position. If you run two separate strategies the virtual position will not be in sync between the two, for example one enters long and the other thinks its still flat. There are more advanced ways to approach that goal by monitoring the account however its generally not worth the effort when you can just put the logic in a single script to avoid that.

If the strategies are for separate accounts then you could certainly run them from the same chart as they each would have independent positions.

I look forward to being of further assistance.