Correct, you don't have a +3, but could refer to the individual 1's for your Exit's in managed.
'Regarding the unemanaged mode, can I use a succession of Buy and SellShort without BuyToCover/Sell?'
Yes, it will use whatever you SubmitOrder. The order actions are really only relevant for some equity execution providers demanding specific tagging.
The signal name in unmanaged is for your identification, NT's signal tracking based on it is not engaged.

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