Exiting Multiple Positions to My Advantage

[dmking]

I think this is an easy question.

Let's look at today's ES (Nov 12)...

Suppose I buy 50 contracts at 1201.75 and later buy another 50 at 1197.

Now, let's say that the ES begins to trade up and is at 1202... I want to give back the 50 I bought at 1201.75 but keep the 50 I bought at 1197...

How do I do that with NT?

TIA

[NinjaTrader_Brett]

Hello,

All entries on the exchange side is actually averaged.

Therefor you cant think of I have to sell the specific 50 I bought at this price. You just need to sell 50.

For example.:

You go long 50 at 1000 and you then go long another 50 at 2000. This doesnt leave you with 2 positions 50 at 1000 and 50 at 2000. This leaves you with a 100 position at 1500, or the average entry price.

Therefor it doesnt matter what 50 you sell just that you sell 50. So to sell out of these 50 contracts you would need to simply set the QTY to 50 and then click the market sell or submit a limit order to sell them.

This isnt always the most intuitive, I also think like you do to keep track of my entries for my own trade benifit if you use ATM Strategies you have the ability to do this by using two different ATM Strategies to keep these seperated.

Let me know if you use ATM Strategies and I can instruct you to an option that will allow you to seperate these out if this is what you want.

Let me know if I can be of further assistance.

[dmking]

Thanks Brett,
So No FIFO/LIFO...

Again, Thanks

[NinjaTrader_Brett]

Hello,

There is an option under Control Center->Tools->Options->General Tab use FIFO for AVG Price calculations. This settings only goes into effect with brokers that do not provide the Avg Price calculation for your position in the data stream and it is NinjaTrader calculated.

Let me know if I can be of further assistance.