Market On Close Exits – just a heads up…

[Nick Radge]

A few have decided to increase leverage to exploit the Pattern Day Trader margin.

Please check your code to ensure you have not defaulted margin to a lower level, specifically:

No margin : SetOption(“AccountMargin”,100);

Over night margin: SetOption(“AccountMargin”,50);

Pattern margin: SetOption(“AccountMargin”,25);

Alternate solutions:

Set the margin amount as a parameter variable

or

Remove that line of code and manage margin through backtester settings

[LeeDanello]

What about just setting it up like this

Code:

Margin = Param(“Margin”,100,1,100,1);
SetOption(“AccountMargin”,Margin);

[Author]

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