Best approach, Managed or Unmanaged?

[TraderCornel]

I would like to know what is the most efficient and reliable approach when programming strategies; managed or unmanaged approach?

[NinjaTrader_ChelseaB]

Hello TraderCornel,

If you are wanting to avoid all of the rules for the managed approach, I would recommend using the unmanaged approach.

[masilver]

My general rule of thumb is, use the managed unless you can't. I have one algo that sets up a bracket with a long and short order. This wasn't possible using the managed approach, but I had to add extra code to handle stuff that would have been handled by a managed order, such as setting stops (and ensuring they get set), etc.

Managed = easy, safer, constrained.
Unmanaged = not as easy, not as safe, but allows you to get around some rules.

[TraderCornel]

Thanks for all the suggestions.

[MicroTrends]

I would like to know what is the most efficient and reliable approach when programming strategies; managed or unmanaged approach?

depends on your level of coding
NT managed approach is a very handy convenience layer for beginners and some advanced users -
Depending on the strategy that might be good enough...


For robust trading - here is a free unmanaged library open source - for interactive hybrid automated trading - fully or semi algo trading.

https://github.com/MicroTrendsLtd/NinjaTrader8

[TraderCornel]

depends on your level of coding
NT managed approach is a very handy convenience layer for beginners and some advanced users -
Depending on the strategy that might be good enough...


For robust trading - here is a free unmanaged library open source - for interactive hybrid automated trading - fully or semi algo trading.

I appreciate it. Thank you