Internal Order Handling

[rcsingleton]

Hello.

I'd like to know what happens in the following sequence of events :

1. A programmed strategy is running
2. The strategy executes a EnterShortLimit() order
3. The short order is filled.
4. After a few bars..
5. The strategy executes a EnterLongLimit() order
6. The Long Limit order is NOT filled.

Question:

What happens to the existing short position? Is it closed or does it remain open?

[NinjaTrader_Lance]

Hello,

The short position will remain open as long as it hasn't been specified to close the position.

Please let me know if I can be of further assistance.

[Vladimir84]

Does execution of stop loss automatically cancel all open orders?

[NinjaTrader_Lance]

Thank you for your post.

This will depend on your method of stop order placement. Could you please clarify what you are trying to achieve?

The most basic stop loss: SetStopLoss() can be used to close out your open position. It will be linked to SetProfitTarget(). If you're using advanced order handling you will need to set and track your stops within your code.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?setstoploss.htm

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?setprofittarget.htm

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

Please let me know if I can be of further assistance.

[dadof3and3]

Another quick question along the same topic...

Can you use SetStopLoss() and SetProfitTarget() within an unmanaged strategy?

Thanks!

[NinjaTrader_Lance]

Thank you for your post,

Unfortunately you will not be able to use SetStopLoss() or SetProfitTarget() within the unmanaged approach.

Please let me know if I can be of further assistance.