Cost Basis

[Jaro1980]

My style of trading is scaling in and out of positions. While scaling in and out, I am trying to determine my overall cost basis and then have an absolute $ amount stop. I am a new user of NT and am having problems trying to find the overall cost basis of my positions.

I am going to go over an example of how I typically enter orders in the SuperDom.

I would enter 1 contract short at 1220 with no stop or profit, I would then enter a custom ATM stategy at 1222 with a stop very far away while looking for a profit target at 1220(esentially washing out my original 1220 entry leaving me short 1 contract from 1222). Once filled on the ATM strategy, my profit would show 100 dollars in the account performance box(group trades by ATM strategy) which is correct but when I look at the super dom, it shows me short 1 contract from 1221 as my average cost basis.

Essentially, I have to figure out real time what my overall cost basis from getting those small hits in conjunction to what I am currently holding of my contracts in respect to price. What is the best way to go about this?

[NinjaTrader_RyanM]

Hello Jaro1980,

Welcome to the NinjaTrader forums!

You can set average price calculation mode to FIFO under tools > options. Then when scaling out, the first (or earliest) position opened is no longer used to calculate average cost.

[Jaro1980]

Thankyou very much. That was very helpful and did the trick.

I was also wondering if there was a way that when one ATm strategy was executed and filled, if there was a way that would automatically put in another ATM strategy identical to the one that was just executed.

For example, I have an atm strategy that shorts 1234 in the ES and am looking for a 4 pt gain and a 12 pt stop. Is there a way that after I get filled at 1230 at my profit target, that another ATM strategy would automatically put in another ATM strategy at 1234 with a 4 pt gain and 12 pt stop and would keep doing this indefenately until I got stopped out. Essentially this would be a range play that would occur over and over and keep hitting little profits in the range until the market stopped out or trended in the direction against the stop. Thanks.

[NinjaTrader_Kyle]

Hello Jaro1980,

What you describe is possible, but custom programming would be required. If you are not a programmer, any of the NinjaScript consultants listed at the following link could code the project for you: http://www.ninjatrader.com/partners.php#NinjaScript-Consultants