EntriesPerDirection and OrderState

[roblogic]

Hello,

I would appreciate some advice on the following: I want my strategy not to reverse positions. First it exits and sets BarsInProgress == 1 (1tick) while checking conditions for a new entry. So I want confirmation that the exit position is filled completely or partly as fast as possible to allow for a new entry or not.

If EntriesPerDirection is always set to 1, does checking OrderState provide any advantages versus checking MarketPosition and Position.Quantity?
Do I really need to deal with OrderState if EntriesPerDirection is always set to 1? Thanks!

[NinjaTrader_JoshG]

Hello roblogic,
Thanks for your post.

It would be highly dependant on your own custom logic whether or not checking the order state was beneficial when checking MarketPosition and Position.Quantity. It seems to me these are all different properties and would produce different results if used interchangeably like that.

I suggest tracking the order state to see when the exit is filled. That will be the most reliable way to determine where the order is at during its life.

[roblogic]

Thanks for your response. Do you have some samples showing some different operations with OrderState, specially those checking if the order is filled completely or partly OnEachTick?

[NinjaTrader_JoshG]

rblogic,

If you are basing logic off of order fills it would be reccomended to use OnOrderUpdate() or OnExecutionUpdate(), which have no concept of OnEachTick. I am not aware of any samples that demonstrate similar logic using OnBarUpdate().

We have a sample in our help guide that shows how to monitor OnOrderUpdate or OnExuectionUpdate with the purpose of placing protective orders. That would be a great place to start in my opinion: https://ninjatrader.com/support/help...and_onexec.htm