Relationships between OnExecutionUpdate and OnOrderUpdate

[billythekid72]

Hello,

Kindly help explain the relationships between OnExecutionUpdate and OnOrderUpdate event calls, for example the order in which these events are being called and who gets called when and when do we use it? Thanks.

[NinjaTrader_ChelseaB]

Hello billythekid72,

OnExecutionUpdate() will run anytime there is a fill. OnOrderUpdate will run anytime an order changes states.

Below are links to the help guide.

https://ninjatrader.com/support/helpGuides/nt8/onexecutionupdate.htm

https://ninjatrader.com/support/helpGuides/nt8/onorderupdate.htm

These are not guaranteed to run in any specific order. Strategies should not depend on these methods running in a specific order.

You can use these methods to run logic when an order fills or changes states. As an example you can place a limit and stop to protect a position when the entry fills.

[billythekid72]

Thank you Chelsea.