NT Managed mode - what is fastest place for sending PT and SL?

[misova]

My question is tied to managed mode primarily, but maybe
this is valid is valid also in unmanaged mode (not sure):

Is there any difference, where I set the PT and SL:
A) before execution (in most examples PT/SL are set in OnBarUpdate() method)
B) or immediately after execution? (i.e. onExecution() method immediately after fill)

I am thinking in this way:
Maybe, in scenario A) is Ninja sending my orders to exchange in format IF - THEN - OCO,
what would result in immediate setting PT and SL after order fill - which would be faster,
than waiting for fill confirmation and then sending PT/SL orders.

But if there is no IF-THEN-OCO order sent by Ninja, then the both scenarios A)and B)
should be the same - in terms of execution speed.

Thank you for explanation
Michal

[NinjaTrader_PatrickH]

Hello Michal,

Thank you for your post.

Whether the Set() method is set in the OnBarUpdate() or OnExecution() method, it is sent to the broker in the same manner. The OnBarUpdate() method will submit the Set() method when a bar updates, where OnExecution() will submit the Set() method when an execution is made. There is no difference in how the order(s) is sent to the broker/exchange.

You may be interested in the order state definitions at the following link: http://www.ninjatrader.com/support/h...efinitions.htm

And information on where your orders reside at the following link: http://www.ninjatrader.com/support/f...ead.php?t=5349

Please let me know if I may be of further assistance.

[misova]

Thank you Patrick for explanation,
I understand it now very well
Best regards
Michal