Unmanaged Approach

[Stephan123]

When doing backtests, using the unmanaged approach and
submitting buy limit orders / buy stop orders,
will they be rejected when the current Close is lower than the limit price /
higher than the stop price as it's the case for the managed approach?

[NinjaTrader_Bertrand]

Sorry for our late reply here Stephan123, yes the same considerations apply to managed and unmanaged mode as this would be not be a valid order you're trying to submit.

The difference managed vs unmanaged is mostly in disabling the internal order handling rules for the umnanaged approach to give you more flexibility to self manage order submission.

[Stephan123]

I need to accomplish the following:

bars: daily
mode: backtest

Entry, if the price has moved a certain range away from the Open, eighter higher or lower.
The problem is, if using long stop orders, they are only submitted, if the actual Close
isn't higher than the stop price. Analogous for limit orders.
So, almost half of all potential trading possibilities are not realized due to the order handling.
Using intraday granularity could of course solve the problem, but, in that case I need to
stick to the daily data.
Any way to get around those order cancelations?

[NinjaTrader_AdamP]

Stephan,

You can add intrabar granularity using the following reference sample.

http://www.ninjatrader.com/support/forum/showthread.php?t=6652

It sounds like your issue may be caused by this.

[Stephan123]

As I wrote I have to stay with the daily data in that case.
No way to add intraday data.
Any way to get it going with daily data?

[NinjaTrader_AdamP]

Stephan.,

Why do you need to stick only to daily data? You can use BarsInProgress to filter between tick data and the daily data series. Does your data provider limit you to daily only?

[Stephan123]

The data is self build and random (Wiener Process).
Finding a way to implement the desired logic with that data is in this case faster and easier than extending the simulation to intraday granularity.

[NinjaTrader_AdamP]

Stephan,

I am familiar with the Wiener Process. So this data you generate yourself? I would suggest using Bertrands suggestion from before perhaps. You can control the orders a bit more carefully this way.