Placiing and exiting orders

[jhill]

In my Strategy, I want to select a proper methodology for placing and exiting orders, and have the following questions:

I’d like the ability to manually exit a Strategy’s order using the SuperDOM as well as test my Strategy’s orders historically. The User Guide says both are not possible using the ATM Strategy Methods. If that is correct, can I use the Managed Approach to manually exit a Strategy’s order using the SuperDOM as well as test my Strategy’s orders historically?

I would like for my Strategy to be able reduce the number of ticks in my Profit Target, if my Strategy has placed an order, but the market begins to turn against me. Is there a method to do this within in the Managed Approach? (This isn’t clear in the User Guide)

Does the Managed Approach honor the settings in the Trades section of the Data Series window, when placing an order?

Thanks,

jhill

[NinjaTrader_Matthew]

jhilll,

If you use the SuperDOM close position button to exit a position a strategy has placed, this would cancel your NinjaScript strategy.

In order to exit this order, you would need to manually place an order in the opposite position. For example if you were Long, you would need to place a Short order to exit. However this can interrupt the strategy position, which means your account may be flat, but the strategy would still show a long position. NinjaScript strategies were not designed to have manual order used to exit the positions.

It is important to understand Strategy Position vs Account Position:

http://www.ninjatrader.com/support/forum/showthread.php?t=4033

If you would like to manually change your Profit Target, you would need to ensure that the profit target was set in OnBarUpdate rather than the Initialize section of your code.

The Trades section of the Data Series will be honored when using the managed approach.

Please let me know if you have additional questions.

[jhill]

Thanks Matthew for your prompt response.

jhill