Partial Fills

[murfinp]

Hi

I am running a high frequency trading model ... currently I am placing 1 lot orders with a profit target and when the profit target gets hit I re-enter the exact same order again. My question is this if I start placing orders of > 1 lot and I get a partial fill and want to re-place an order for the partial fill amount I enter a new order for the partial fill amount or should I place an order for the full number of lots and this will replace the originally outstanding partially filled order.

Thanks

Paul

[NinjaTrader_Bertrand]

Hi Paul, are you using the Set or Exit methods in your script?

[murfinp]

Hi Paul, are you using the Set or Exit methods in your script?

Hi

I am placing the order with a Buy or Sell Limit and have a profit target attached ... so I am anticipating the buy/sell limit getting partially filled and then the associated target getting hit/filled with the partial fill amount (I am tracking with OrderUpdate) ... at the point I want the original buy/sell limit to be topped up again to the original no lots - so either update the original back up the the original no. of lots or place another buy/sell limit for the partial fill amount ... whichever is best ...

Thanks

Paul

[NinjaTrader_JoshP]

Paul,

Please ensure you are running your strategy with Stop & Target handling = PerEntryExecution. That will allow you to work off of the partial fills.

[murfinp]

Paul,

Please ensure you are running your strategy with Stop & Target handling = PerEntryExecution. That will allow you to work off of the partial fills.

Hi Josh

Yes I saw that in some other posts ... but I am unsure as to the best way to replace the partially filled order once it has hit it's profit target .. should I place another order for the partially filled amount or for the original full amount ... if I place it for the partially filled amount will it not just replace the original amount that is un-filled?

Thanks

[NinjaTrader_JoshP]

murfinp,

I am not sure what you mean. If your partial filled order gets exited, but you still have an open entry order, when that gets filled just attach another exit order onto it. This second exit order should be of the remaining quantity size. If you are using SetProfitTarget() this is automatically handled.

[murfinp]

murfinp,

I am not sure what you mean. If your partial filled order gets exited, but you still have an open entry order, when that gets filled just attach another exit order onto it. This second exit order should be of the remaining quantity size. If you are using SetProfitTarget() this is automatically handled.

Ok say I place a sell limit for 2 lots at 910.25 with a profit target of 8 ticks ... price goes up to 910.25 and I get a partial fill of 1 lot. Price comes down to 908.25 (8 ticks) and my target gets hit and filled ... at this point I want to top up the originating sell limit order back to 2 lots (at 910.25( ... should I place a sell limit order for 1 lot at 910.25 or place a sell limit order for 2 lots at 910.25 ... ie. by placing an order at a level where I already have an order will it add to it or override and replace it.

[NinjaTrader_JoshP]

You choose what you want to do.

A. You can either submit an order amend to bring the quantity up to 3. 1 was already filled. Remaining 2 quantity is the top off.

B. Submit a new order for quantity 1. Have two working orders. You need to be mindful of EntriesPerDirection in this scenario.

C. Cancel the remaining order, submit new order at quantity 2.

[murfinp]

You choose what you want to do.

A. You can either submit an order amend to bring the quantity up to 3. 1 was already filled. Remaining 2 quantity is the top off.

B. Submit a new order for quantity 1. Have two working orders. You need to be mindful of EntriesPerDirection in this scenario.

C. Cancel the remaining order, submit new order at quantity 2.

Thanks Josh

How would I amend the orignal order ... just sunmit the same origina lroder again?

[NinjaTrader_JoshP]

Right. Just submit it again with the new price you want.