Trying new Unmanaged Orders feature

[malmaa]

I am trying to explore the new Unmanaged orders feature

Managed method:
Orefs.oe1=EnterLongLimit(0,true,20000,Orefs.op,"Shortf" + Scon);

Unanaged method: Orefs.oe1=SubmitOrder(0, OrderAction.Buy, OrderType.Limit,20000,Orefs.op,double stopprice, "ocoID"+ Scon,"Shortf" + Scon);

1. What is the difference between “double LimitPrice” and “double StopPrice”When I go Long/Short I use “LimitPrice” only and if I want to exit I have to use “StopPrice” only with unused item should be given 0 value. Am I right?
2. What does the “string Name” does? Is it the “fromEntrySignal name”?
3. Can I link more than two orders with one "OCOID"?

4. Can we submit ProfitLimit and StopLimits before market execution (OnExecution)?

Regards,

[NinjaTrader_JoshP]

1. You would use a Limit price any time you submit a limit order. Stop price, when you submit a stop order. Consider the old methods like EnterLongLimit() and EnterLongStop(). Those used limit prices and stop prices dependingly, but both are for longs. The unused item would be set to 0, correct.

2. When you are using unmanaged there is no signal tracking. The name is just something for yourself if you need it for your own identification purposes.

3. Yes, just provide the same OCO ID.

4. No, you should only place those protective orders after you receive an execution for your entry order.

[fafura]

Unmanaged orders

I am using code in this sample http://www.ninjatrader-support2.com/...ead.php?t=7499 recommended by Ninja Trader, however I want to be able to reverse position at limit prices, so I figured I would need to use Unmanaged=true; and SubmitOrder(); code on latest beta. I just changed :
entryOrder= SubmitOrder(0,OrderAction.SellShort,OrderType.Limi t,1,sell,0,"1","MyEntry");
stopOrder = SubmitOrder(0,OrderAction.BuyToCover,OrderType.Sto pLimit,execution.Order.Filled, sl,0,"1","MyEntry");
targetOrder = SubmitOrder(0,OrderAction.BuyToCover,OrderType.Lim it,execution.Order.Filled, pt,0,"1", "MyEntry");
but it doesn't work. In log I get "More than 100 subsequent user events". What am I doing wrong?

[NinjaTrader_JoshP]

fafura,

With Unmanaged code you really need to keep track of everything yourself. If your code enters a block a hundred times, you are submitting a hundred orders. There is no signal tracking that only allows for one entry and things like that. You really need to keep track of literally everything on your own and the conveniences and methods used by that reference sample may not necessarily be advisable for Unmanaged strategies.

[fafura]

Is there another way to reverse at limit by using the referenced sample and not using the Unmanaged option?

[NinjaTrader_JoshP]

fafura,

To clarify, could you not just put in an EnterLimit order in the direction you want?

[fafura]

If I do I get "Internal order handling rules" error.

[NinjaTrader_JoshP]

Are you talking about having two orders in opposite directions at the same time? If so, there is no way around besides using Unmanaged.

What some people have done in the past is to just submit one order live. If price moves closer to the other order, cancel the first, wait for order cancel confirmation, then submit the new limit in the other direction.

[fafura]

In playing short I want to reverse at target(go long limit), and submit the next sell short limit order (when reached to close long position and go short again) and so on and so on..

[NinjaTrader_JoshP]

When you are holding a short, just submit an EnterLongLimit() and nothing else. When you are long submit an EnterShortLimit() and nothing else. If you try to submit EnterLongLimit() at same time as EnterShortLimit() it will not work.

[fafura]

What about stop orders? If I change targetOrder = ExitLongLimit to EnterShortLimit I still get "Internal order handling" error. I guess it is because on execution of the first order EnterLongLimit, I submit ExitLongStopLimit and it is working order when I try to submit (also on execution of the first order) EnterShortLimit as you suggested.

[NinjaTrader_Ray]

You will run into the same issues as you have experienced.

[fafura]

So once again my question is: "Is there a way to reverse at target with a limit order and submit stoplimit and targetlimit orders at execution as provided in referenced sample without using the Unmanaged option?

[NinjaTrader_Ray]

So once again my question is: "Is there a way to reverse at target with a limit order and submit stoplimit and targetlimit orders at execution as provided in referenced sample without using the Unmanaged option?

Sorry, I only read the last post thus did not realize there was an open question. The answer then is no, you must use unmanaged.

[fafura]

I noticed a possible bug:

After using my strategies with Unmanaged option, I then restore previous versions (which use regular trading rules) from NT backup, when try to run I get an error EnterShortLimit cannot be called on Unmanaged strategies, although Unmanaged is nowhere in the code.