Multiple Exit Orders OCA

[fiddy]

Is it possible to send multiple Exit Limit Orders which OCA

what i am trying to do is the following example:


If i have a long position where the last traded price triggers an exit condition
the last traded price is for example is 50
and the bid is now 49.95 and the offer is now 50.03
i would like to send ExitLongLimit orders @ 50.03,50.02,..thru to........49.96 & 49.95
All OCA

if (close[0] <= 50)

{


}

[NinjaTrader_PatrickH]

Hello fiddy,

Thank you for your post.

Using OCA (referred to as to as OCO in NinjaTrader) would require the Unmanaged Order Approach. You can find information on the Unmanaged Order Approach at the following link: http://ninjatrader.com/support/helpG...d_approach.htm

Alternatively you could wait until one of the price levels is hit and then submit an ExitLong(). For example:

if (Close[0] == 50.03 || Close[0] == 49.95)
ExitLong();

[fiddy]

are you able to provide example of how orders are done OCO using unmanaged approach?

[NinjaTrader_PatrickH]

Hello fiddy,

A basic example would be the following:

        protected override void Initialize()
        {
			Unmanaged = true;
        }

        protected override void OnBarUpdate()
        {
			if (Close[0] > Open[0]) //basic condition
			{
				SubmitOrder(0, OrderAction.Buy, OrderType.Stop, 1, 0, Close[0] + 2*TickSize, "MyOCO: " + CurrentBar, "Buy");
				SubmitOrder(0, OrderAction.Sell, OrderType.Stop, 1, 0, Close[0] - 2*TickSize, "MyOCO: " + CurrentBar, "Sell");
			}
        }