Money Management to ensure account doesn’t get overdrawn

• 02/22/2021 at 4:46 PM #162366
  gashiru

  All,

  very new to auto trading, appreciate this might be a very basic ask. However, While AutoTrading, how do I write a piece of code that checks my account balance before placing an order?

   

  Something like:

  If contract is less than account balance:

  buy

  

  gashiru

  Participant

  Topics: 1

  Replies: 0

  Been thanked: 0 times
  02/22/2021 at 5:46 PM #162368
  Vonasi

  You can’t. The amount of money in your brokers account is not data that they pass over to the PRT platform.

  You can do some basic calculations in your strategy using the STRATEGYPROFIT instruction and deduct/add it to a starting capital amount to simulate this but it is not accurate because brokers fees are also data that is not passed to the PRT platform and so the effect of these is not known.

   

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
• Author
  Posts