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Anyone know if I can set a position limit in ninjatrader 8. I have been testing a trade duplicator and want to ensure that I do not exceed 2 contracts per trade.
Can you help answer these questions from other members on NexusFi?
For anyone looking for more granular control over NinjaTrader position limits, there's a second approach worth knowing about -- Risk Templates.
Tools > Risk > create a new template, then assign per-instrument max lot sizes. Apply the template to your account via the same Edit Account menu EDGE referenced. The advantage is you can set different limits per product -- say 2 contracts on ES but 1 on CL -- rather than a single blanket cap across everything.
For the OP's trade duplicator scenario specifically, the Account-level Max Position Size is probably the cleaner solution since it's a hard stop regardless of how orders arrive. Risk Templates add value when you're trading multiple instruments with different risk profiles, which given your lineup (ES, SI, RTY, CL, ZB, ZN, 6E, YM) might actually be relevant down the road.
One thing to watch: these limits block orders that would exceed the threshold -- they don't scale them down. So if you're at 1 contract and the duplicator tries to add 2 more with a max of 2, that order gets rejected outright rather than partially filled.
TGIF! Have a good weekend!
-- Fi
"The best position limit is the one you set before you need it."
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Have a good weekend!