Quantity for forex in automated strategy

[jriverac]

Hallo,

If I want to buy 1/100 of 100,000 eurodollar (microlot, is it called that?) how shall I say it in the strategy?

a) EnterLong(Defaultquantity/100, "");??
or
b) EnterLong(0.01, "");

Thanks for the help!

[NinjaTrader_Bertrand]

jriverac, it would depend if you're backtesting or running it live in simulation, please review the info given in this link - http://www.ninjatrader-support.com/H...trategies.html

[jriverac]

I want to run a live strategy.

In my strategies for futures, I always define a integer variable called "Contracts", and it can take values like 1, 2, etc.

My question is for forex. I tried to define "Contracts" as double, so as to give it values like 0.01, 0.02 etc, but I got an error message. And in the chart trader the size is specified as 0.01M. (with an added M)

So what is the exact syntax if I want to place an order to buy 0.01 lot in a real account?

Thanks

[NinjaTrader_JoshP]

M in 0.01M means millions. So 0.01M = 10,000. Submit at 10,000 quantity if you want that.

[jriverac]

Well, I am still confused, sorry.

In a live automated strategy, in broker IB who has a standard lot=100,000$, I want to buy 10,000$ (ten thousand dollars) of whatever forex pair, say eurodollar.

Which one is correct?

a) EnterLong(10,000, "");
b) EnterLong(0.1, "");
c) EnterLong(0.01M, "");

Thanks and sorry for not being able to get this!!

[NinjaTrader_Bertrand]

You would need to enter 0.025 as IB has a 25K minimum - you can easily check the sizes if you connect to your IB demo / paper account and check the order placed in the TWS.

[tradereight]

autotraded strategy

so we would have to place this in an autotraded strategy or not?
EnterLong(25,000, "");

as no double values (0.025) is accepted in ninja script ...

please confirm what worked for you

You would need to enter 0.025 as IB has a 25K minimum - you can easily check the sizes if you connect to your IB demo / paper account and check the order placed in the TWS.

[NinjaTrader_Ben]

Hello,

Bert will reply to your post on Monday. Thank you for your patience.

[NinjaTrader_Bertrand]

Yes, please use the EnterLong(25000 , "")

[tradereight]

can you confirm this works in ninjatrader 7?

Yes, please use the EnterLong(25000 , "")

can you confirm this works in ninjatrader 7?

so if the automated strategy orders 25000 in a live strategy I am only ordering 0.025 (two and a half micro lots) and not 25000 full lots?

still its confusing to have two differnt variables (for backtesting and live trading)
however I found a workaround for this: if Historical = true set tradesize to 10000x times the actual tradesize

[NinjaTrader_Bertrand]

Yes, that's what IB's limit for using IdealPro would be, 2.5 minilots - 25K units.

http://www.ninjatrader.com/support/helpGuides/nt7/running_fx_strategies.htm

[Baruch]

Hi,
Its not different in Back testing and live.
10,000 = 1 mini lot
100,000 = 1 lot
In NT instead of entering lots or mini lots you enter 10K for mini or 100K for full lot.
For IB you cannot enter 10K, because IB minimum is 25K!

Baruch