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NinjaTrader
2 Strategies with the same order names
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Hello mlprice12,
Thanks for your post.
Using the same order names would not be an issue as the order names are link/tied to the strategy instance being used, thus making them unique from the other instance.
Running two strategies on the same instrument and the same account can cause conflicts as each will run independent of the other (strategy position) but there can only be one account position.
Please see: https://ninjatrader.com/support/help..._account_p.htm
As member cincai suggested, testing, on your sim account, will give you a better feel for what will actually happen.
Paul H.NinjaTrader Customer Service
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Thanks for the help both of you.
Just to be clear on the account position topic.
If I want to achieve the following example,In most cases, a trader would want their Strategy Position’s size and market direction to be equal (in sync) to their Account Position, but there are situations when this may not be the case.
For example:
•You want to run multiple strategies in the same market simultaneously where strategy A holds a LONG 1 position, strategy B holds a LONG 2 position resulting in an account that should hold a LONG 3 position in order to be in sync with both strategies
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Hello mlprice12,
Thanks for your reply.
In general, we do not recommend running more than one strategy on the same instrument with the same account but the capability is there. We highly recommend testing on a sim account to best understand what can happen with your specific strategy logic.
The start behavior relates to each strategy independently and does not relate specifically to the account position but rather to the strategy position of the strategy. In the case of wait until flat, if a strategy has taken a position on historical data when it reaches real-time data, the strategy cannot trade until that last historical position is closed in the real-time data according to the strategy logic employed. Once close the strategy will then issue real time orders. Reference: https://ninjatrader.com/support/help...eStrategiesTab
Paul H.NinjaTrader Customer Service
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Hi mlprice12,
The general recommendation is to consolidate your strategies into one, if you plan to trade the same instrument with the same account.
You can enable multiple strats for the same instrument / same account in parallel without sync, but please keep in mind that you will have to re-enable the strats (sooner than you might perhaps imagine) although you have open positions (lost internet connection, forced broker disconnect, etc.). Not being able to sync the strats after such event can result in huge trouble, particularly if you plan fully automated (unattended) trading. I'd recommend to play around with a paper account for a while (not a SIM account) and see what happens, before even considering to trade the same instrument on the same live account via several strats, at your own risk.
NT-Roland
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