Default fill setting for market orders

[cgeorgan]

What is the default algorithm for market fills in backtesting?

[NinjaTrader_RyanM1]

Hello cgeorgan,

In backtesting, market orders will fill on the next bar open after the condition evaluates true.

[cgeorgan]

Hello cgeorgan,

In backtesting, market orders will fill on the next bar open after the condition evaluates true.

Got it.

So to be clear, in backtesting a condition that evaluates "true" through the OnBarUpdate method will submit a market order on the open of the subsequent bar;

In live testing, a condition that evaluates "true" through the OnBarUpdate method will submit a market order on the bar that was updated (i.e. immediately)?

[NinjaTrader_RyanM1]

Yes, that's correct.

In a live environment, this can change depending on CalculateOnBarClose property.

True: Works like backtesting. Orders are submitted on the next bar following the condition.

False: Orders are submitted as soon as conditions are true.

[cgeorgan]

Yes, that's correct.

In a live environment, this can change depending on CalculateOnBarClose property.

True: Works like backtesting. Orders are submitted on the next bar following the condition.

False: Orders are submitted as soon as conditions are true.

Perfect explanation, TY.