Trade details on order closed

[Ravish]

Hi

I am trying to write some code that will get called when an open order is closed (in other words when an existing open position is closed, resulting in a profit or loss).

I am planning to use the OnOrderUpdate event for this purpose, is this correct? What states of the IOrder object do I need to check so that my code only responds when an order is closed?

Also, I don't see any properties on the IOrder or IExecution interfaces that would tell me what the closed trade's profit/loss and maximum drawdown was?

Many thanks

[NinjaTrader_Bertrand]

Hi Ravish, if you're interested in the position update event, then OnPositionUpdate() would be ideal - http://www.ninjatrader.com/support/h...tionupdate.htm

Another option is checking directly for the execution event of your positon exit order, for example the stoploss or the target, that would be done via the IOrder objects in OnExecution() -

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

A full working reference sample for this advanced management technique for your orders and positions would be offered here - http://www.ninjatrader.com/support/f...ead.php?t=7499

Accessing performance info / stats would be possible via the Trade collections and Performance classes - http://www.ninjatrader.com/support/h...collection.htm

[Ravish]

Thanks Bertrand, I'll look at these recommendations.

I don't see anything in the Trade collections and Performance classes about drawdown, only PnL. When you backtest a strategy, the resulting report contains information about the strategy's maximum drawdown, so I'm assuming it must be calculated somewhere...?

[NinjaTrader_Bertrand]

Correct, the drawdown for the historical and / or realtime collections of trades would be available, too - http://www.ninjatrader.com/support/h...7/drawdown.htm