Pending Orders behaviour

[wendigooooor]

Hi

Could you please help with pending orders in NT8? My strategy based on placing a bunch of pending orders (Stop-limit) almost each bar, both long and short direction.
But the strategy is sending only one order from one direction

An example (NQ!, 15m TF, OnBarUpdate) :

EnterLongStopMarket(16000);
EnterLongStopMarket(17000);

EnterShortStopMarket(14000);
EnterShortStopMarket(13000);


SetStopLoss(CalculationMode.Ticks, 100);
SetProfitTarget(CalculationMode.Ticks, 200);

What I'm expecting (assuming that current NQ price is 15000):
1) 1st StopMarket Long Order at price 16000 (Accepted status)
2) 2nd StopMarket Long Order at price 17000 (Accepted status)
3) 3rd StopMarket Short Order at price 14000 (Accepted status)
4) 4th StopMarket Short Order at price 13000 (Accepted status)

What I'm receiving from that list:
2) 2nd StopMarket Long Order at price 17000 (Accepted status)


+ I don't see any error messages from Logs. As far as I could see only one log for successful StopMarket Long Order for price 17000

9/7/2023 7:57:40 PM	Order	Order='eb66fbe0dcfc49b5b2087f40040b0100/Sim101' Name='Buy' New state='Accepted' Instrument='NQ SEP23' Action='Buy' Limit price=0 Stop price=17000 Quantity=1 Type='Stop Market' Time in force=GTC Oco='' Filled=0 Fill price=0 Error='No error' Native error=''

The strategy settings for max possible orders:




Am I wrong with some strategy initialization or attaching process somehow?
I checked some other topics and feels like it's allowed to have multiple StopLimit in both directional


Thanks,
Igor

[NinjaTrader_BrandonH]

Hello Igor,

Thanks for your post.

Bracketing working opposing entry orders with OCO is too advanced for the managed approach.

The unmanaged approach would need to be used if you want to place Buy Stop Market and Sell Stop Market orders simultaneously.

Below is a link to an example that you could view.
https://ninjatrader.com/support/foru...926#post486926

Note that you cannot go Long and Short at the same time. You would only be able to enter a Long position or a Short position, not both.

[wendigooooor]

Wow

I just checked this with UnManaged strategy - multiple pending orders are placed, using SubmitOrderUnmanaged I can set as many orders as I want. Thanks

But it seems this approach is heavy brutal since every other default order method (like SetStopLoss) will not work anymore, and I need to handle absolutely everything manually, starting from how max orders count, their stop losses and target profits?

Also, as far as I understand, I critically need to track(store) all Orders (I assume, in some sort of List or Array) if I want to cancel some of them or at least check already set orders to avoid duplicates, am I correct?

Your example UnmanagedOCOBracketExample_NT8.zip is very nice


Best Regards,
Igor

[NinjaTrader_BrandonH]

Hello Igor,

Thanks for your notes.

Yes, you would need to handle the order management within the script.

SetStopLoss() and SetProfitTarget cannot be used when coding a strategy using the Unmanaged Approach. You would have to use the SubmitOrderUnmanaged() method to submit all entry and exit orders from the strategy. The order objects should be tracked to properly manage them as seen in the example script.

The ChangeOrder() method could be used if you need to change the price of an order. The CancelOrder() method would be used if you want to cancel an order.

See this Unmanaged Approach help guide page for more information: https://ninjatrader.com/support/help...d_approach.htm