EntriesPerDirection

[mballagan]

I have created a strategy where I enter long say 3 contracts for 1st profit target, 2 contracts for second profit target and 1 contract for 3rd profit target.

So profit_target1 < profit_target2 < profit_target3.

If EntriesPerDirection = 3 does this mean that at any one time a maxiumum of 3 contract positions can be opened?

So in the example above we are fine as each order has <=3 contracts.

But if for the first profit target we open a long position for 5 contracts then the order engine will split this up into 2 and 3 if EntriesPerDirection = 3? Does this cause any problems in real time trading or should I increase the EntriesPerDirection value?

[NinjaTrader_Josh]

mballagan,

EntriesPerDirection does not influence how many contracts you hold. It only influences how many entry orders you can place in the same direction. Setting it to 3 means you can go long 3 separate times simultaneously before it will prevent any more long trades when already holding long positions based on the 3 entry orders.

[mballagan]

Ok so in this case I'm entering a maximum of 3 seperate orders so EntriesPerDirection = 3 makes sense.

Thanks Josh.