Simultaneous SLM orders

[lgcota]

Hi,

I would appreciate your guidance as to how to code that two simultaneous stop limit orders be sent at a given time. For instance, I want to send a buy ES order and a sell ES order N ticks above and N ticks below, respectively, from the current price at, say, 09:59:59 with OCO in place. Each order should be provided with a stop loss and a profit target.

I have no idea if this is ever achievable, but if it is, please hold my hand and guide me through since I'm pretty much in total ignorance regarding how to code anything in NT.

Thank you very much.

[NinjaTrader_Bertrand]

lgcota, welcome to the forums - unfortunately with this setup you 'run into' the internal order handling rules we have in place for NinjaScript strategies - http://www.ninjatrader-support.com/H...verview36.html

The workaround would be to monitor price and just send then one order needed instead of placing them both ahead of time, for our next NinjaTrader 7 release we're adding an option to offer more flexibility in this area, it's called 'Unmanaged Order Submission' -

http://www.ninjatrader.com/webnew/NT7/NinjaTrader7.html

[lgcota]

lgcota, welcome to the forums - unfortunately with this setup you 'run into' the internal order handling rules we have in place for NinjaScript strategies - http://www.ninjatrader-support.com/H...verview36.html

The workaround would be to monitor price and just send then one order needed instead of placing them both ahead of time, for our next NinjaTrader 7 release we're adding an option to offer more flexibility in this area, it's called 'Unmanaged Order Submission' -

http://www.ninjatrader.com/webnew/NT7/NinjaTrader7.html

Bertrand, thanks. Fact is, I'd actually need both SLM orders to be in place since I won't know in advance in what direction the price is going to dash through. Anyway, I would appreciate your or someone else's in the forum telling me how could this possibly be impremented in NT 7.

[NinjaTrader_Bertrand]

For NT7, there'll be an option to submit orders unmanaged, which gives you the needed flexibility for such an approach, of course adding responsibility at the same time...

http://www.ninjatrader.com/webnew/NT7/NinjaTrader7.html

New Unmanaged Order Submission
In 6.5 some users were burdened with our "Internal Order Handling" rules. We have introduced unmanaged order submission which bypasses the convenience of our order handling layer. This lower level of programming allows you to do what you want relative to order submission/management without any limitations other than any imposed by your broker. There are only three methods, SubmitOrder(), ChangeOrder() and CancelOrder(). You then get the flexibility of managing your orders how you see fit and optionally handling rejections