Managed Strategy - Complete Sample?

[zeller4]

Hello,
I have previously created a fully functional Unmanaged strategy. Now, I am trying to further my education regarding MANAGED Orders.

I would appreciate if you would answer each question.

Is there a COMPLETE Sample with Managed Strategy?

Does Managed use IOrder or is it "hidden"?

Does Managed use OnOrderUpdate and OnExecutionUpdate or are they "hidden"?

If I have a rejected order with Managed, and I have

RealtimeErrorHandling = RealtimeErrorHandling.TakeNoAction;

what should I do to Cancel the Order and pending Target Order since the stop is cancelled automatically and no longer attached to the original order? Do I need to create the OnOrderUpdate and OnExecutionUpdate sections to handle this rejection?

Thanks,
kz

[NinjaTrader_RyanM1]

Hello zeller4,

Yes, there are complete samples with managed strategies. The built in one SampleMaCrossOver uses managed approach. There are also additional strategies in the reference sample section on these forums that are designed to help with different aspects of IOrders and advanced handling.

Managed strategies can use IOrders and advanced handling, if you structure this way. This page can help with IOrders and advanced handling:

http://www.ninjatrader.com/support/helpGuides/nt7/advanced_order_handling.htm

If you have a rejected order, then you have to custom program in your own handling. This sample can help with CancelOrder():

http://www.ninjatrader.com/support/forum/showthread.php?t=18890

[zeller4]

Ryan,

Thanks for the quick reply.

I've reviewed the SampleMACrossOver. The reason I don't consider it a "complete" sample is that there are no demonstrations of exits. It's an "always-in" strategy. Showing Long and Short is fine, but there are no realistic "standing-on-the-sidelines" moments. Also, there is no demonstration of other "hidden" features of IOrder, OnOrderUpdate, or OnExecution. If there was a complete sample "JUST SHORT OF" "Advanced Handling", this would be a terrific asset to your reference sample database.

I mainly want to be clear regarding SetStopLoss and SetProfitTarget and SetTrailStop. It's disconcerting to find these described under the Managed Approach description in the Order Methods help section. I'm sure I've seen numerous references to these being troubling for NT7 managed orders and strat development. Please clarify if by using SampleCancelOrder as a "starting point", I can stay away from the Set...-type orders and ignore any references to them.

Thanks again.

Kirk

[NinjaTrader_RyanM1]

Right, the SampleMaCrossOver is an introductory sample on the managed approach. There are other dedicated samples for common order management tasks available on these forums, in the reference sample section.

Set statements are not required at all. If you are looking to use IOrders instead of these, then I would take a look at this sample on Using OnOrderUpdate() and OnExecution() methods to submit protective orders:

http://www.ninjatrader.com/support/forum/showthread.php?t=7499

As well as this help guide article on Live Until Cancelled Orders here:

http://www.ninjatrader.com/support/helpGuides/nt7/advanced_order_handling.htm

The one on CancelOrder() is also good for manually cancelling orders. There isn't a complete all in one sample for advanced order handling, but those two and the help guide article are a good start.