What are the most critical considerations under unmanaged approach?

[pstrusi]

Hi Ninjas,

Due that under managed approach order method, is not possible reversing a position while still Stop order is still active ( Goal: Old stop order live until position reverse achieved ), I must jump in the difficult unmanaged approach order method. I'm aware that under this method, one must consider and handle every possible aspect of trading outcomes, such as: rejected orders, overfills...etc

I'm going slowly, step by step, and reading the help guide basic orientation, I have some doubts:

1. Regarding signal tracking: if NT does not utilize NinjaScript's signal tracking, could it affect the script in some non-shown way?

2. If connection loss occurs, does it work the configuration in OPTIONS and how to handle it, or definitively the script must handle all ?

3. Besides the critical considerations in the help guide: are there any other critical warning ?

Thanks

[pstrusi]

Please consider for future upgrades, that reversing position with active stop orders could be possible under certain conditions and warning to the user. This feature would help a lot to several clients who are prevented to develop Scripts that need to use this logic for security purposes. Basically what occurs is that there are instruments which despite being liquid enough and showing the minimum spread between bid-Ask ( like S&P500 E-mini future contract ) is not possible to fill an order always and it could take some time to do it, so you now understand how dangerous is that under managed approach any script must first CANCEL any protective order before entering a reverse or exit position, because you're not protected meanwhile.

Thanks for your attention

[NinjaTrader_CalH]

Hi Pstrusi,

Thank you for your post.

You will be using the IOrder tracking instead of the signal tracking with the Unmanaged approach. There aren't any non-shown affects that you can have.

If you do not set the ConnectionHandling for the strategy it will use the global settings from the Options menu.
http://www.ninjatrader.com/support/h...sshandling.htm

You would want to review how to handle order rejections -
http://www.ninjatrader.com/support/h...orhandling.htm

Additionally, I have submitted a feature request to development