"NinjaTrader provides a state of the art internal simulation engine that you can use to test trading ideas and hone your skills. The simulation engine is not a simple algorithm that fills your order once the market trades at your order price. The engine uses a scientific approach to determine fill probability by including a number of variables including ask/bid volume, trade volume, time (to simulate order queue position) and random time delay for switching between order states."
Can you provide a bit more details on how the simulator uses those variables mentioned to simulate order queue position and fill probability?
Thanks.
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