I never used very low margins while daytrading at Ninjatrader. I wonder what would happen if I would use very low margins and Ninjatrader increases the needed margins?
I daytrade with low margins at another brokerage. They always send me an email BEFORE the margins are increased.
I would like to move my intraday trading from that brokerage to Ninjatrader, but first need to know their procedure for increasing margins.
So I read on their website: "Intraday margins will be set to 4X our standard rates 15 minutes prior to the release of key economic news announcements, as listed in your account dashboard(Opens in a new window), for any and/or all products.
Please be aware these elevated margin rates apply only when entering a new position, which may present significant risk to the account. "
So If I enter my trade outside of the 15 minutes prior to the release of key economic news announcements, I don’t have to increase my margin?
I understand what they say, but just want to be sure.
Yes I would like NinjaTrader to explain in painstaking detail for instance what Excess Intraday Margin is - all it ever shows me is the value of my entire account which is irrational according to the help pages. I have asked but the AI answer just refers me to the help page that i complained about.
I vaguely remember that on the old forum Ninjatrader said, long time ago, something like “not all information on your account screen is updated”. So don’t trust what you see on your screen.
I will see if I can find it again.
Appreciate that Marcus. My issue is that the Excess Intraday Margin shows my whole account value - which doesn’t tie in with the information on your screenshots PLUS i got a warning on my phone about potential margin issues ( even though to my knowledge I had 3 times the room required for the position). Hence i have gone beyond the bots and hope to get a human response from NT. If i dont’ i will remove my account with them because i can’t have this threat hanging over me every time i enter a position that they could liquidate due to some made up margin change in the middle of the day. I accept news events multiply margin by 4X 15 minutes before - that’s fine because I know about it but you can’t just randomly change margins whilst you’re in a position and then potentially liquidate that without informing me IN REAL TIME. because then I can do something about it.
So the general rule is: 4x margin 15 minutes prior to the release of key economic news announcements.
This is the last line in my screenshot above:
If you have a position that was opened more than 15 minutes before the economic news announcements, you don’t need the increased margin.
