MultiTimeFrame and opposite direction orders

[raffu]

Hi,

Are there any real reason (other than some extra checks) why You can't set orders to opposite directions in different timeframes (different context and different bars array and so on so I think that it could be valid?) but same instrument like:

EnterLongLimit(0, ... ) // bars in progress == 0
EnterShortLimit(1, ...) // bars in progress == 1


Other will be ignored based to "Internal Order Handling Rules"

[NinjaTrader_Bertrand]

Sorry raffu, I don't follow - this setup would still be subject to the internal order handling rules used in the managed approach as you're trading the same instrument then still and could be subject to an undesired position if both fill at the same time:

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

Either cancel the unneeded order then before submitting the final order, use market orders on the signal (monitor price) or move your script to the unmanaged order submission approach.

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

[raffu]

I would have accept two positions, like short in other timeframe or long in other... it would be usefull in many cases. Now I need a separate strategy to each and it is harder to cordinate, I think. (And that managed approach is so much easier...)