Theoretically this should work, but in reality it is tough. For example, if you use certain keywords (like openpositionprofit), there can be confusion with the combining of strategies (does openpositionprofit apply to both, just first position, just second, etc?).

I would give it a try in real time, and see though. It may work out for your strategies. My experience is that it did not work well for me.

I’m not a tradestation user jet but I saw that there is a feature that says: “Allow multiple automated strategies on multiple charts using the same futures/forex symbol on the same account”. I thought that checkbox would make tradestation aware of what strategy took what trade?
I currently use Multicharts and I have not run into this problem there.

Yes, that is a concern, especially if you have limit orders, cancel a lot of orders, run on short time frames, etc. I usually swing trade, without a lot of orders, and almost never use limit orders. So, the approach I lay out in this series can work well in those cases…

hi Kevin, will do.
another important issue I encountered when running multiple strategies; is the throughput. When more than one strategy is sending an order at the same time; latency goes much higher; and it may take few seconds to finish them up; not to mention ‘timeout errors’.

for a serious systematic trader; who wish to run multiple strategies; Tradestation, Metatrader, TradeNavigator, etc are unfortunately not suitable.

however these platforms are great for research and development. I still use some of them for that purpose.

I can’t say I’ve solved it, but as you will see, it does seem to work pretty well. Some tradeoffs are necessary, but I think the benfits outweigh the disadvantages…

Thanks for the comment!

Please let me know what you think as I further explain the idea in Parts 2 and 3. In my testing so far, it has worked well, so it may be a decent solution for many, but it will not be ideal for everyone.

I suspect your trading platform does exactly what you want in this regard, which is awesome.

Thanks!

a potential solution is to write your own position manager and persist to a file in case you restart tradestation.

i avoided this problem by writing my own traing platform.