Order Handling

[jflaggs]

Hello,

I recently ran into a bad situation with my live strategy. My strategy had placed an order, the stop loss and profit target were set (using the code below), and then my internet connection was interrupted causing my strategy to remain disabled while in a live position. There are several parts to this issue that I need addressed.

• The most important thing I need to nail down is how to send proper OCO orders to my broker (Forex.com/City Index):

Reference: https://ninjatrader.com/support/help...rs_reside_.htm

In this documentation, it states that "OCO (One Cancels Other) functionality is simulated on your local PC". However, I do not want OCO orders to be simulated locally, I want these handled by my broker so that in the event my connection is lost, strategy disabled, power outage, etc -- I can rest assured that my position is protected. This is also how I place my discretionary trades. I don't mind using unmanaged orders...as long as the goal is achieved.

• If for some reason it is not possible to send my OCO order to my broker and it absolutely must be simulated locally on my PC, then can you please explain why this is the case?
• What is the best way to prevent this situation from happening again (aside from having a UPS, 100% up-time connection, surge protection, etc)? There wouldn't be a need to have extra (expensive) hardware if the OCO was sent to the broker.

 
if (entrySignal == true)
{
    EnterShort(size);
    SetStopLoss(CalculationMode.Pips, stop);
    SetProfitTarget(CalculationMode.Pips, target);
}

[NinjaTrader_ChelseaB]

Hello jflaggs,

That depends on if Local OCO Simulation is being used for the account connection.

Sometimes this is available with a setting in the connection settings (like with CQG/Continuum), where others are Native OCO only (like with Rithmic).

Who are you connected to?

Below is a link to a forum post on internet loss.

http://ninjatrader.com/support/forum/showthread.php?p=520833#post520833

Also, you should call Set methods before calling the entry order.

[jflaggs]

Hi ChelseaB,

Thanks for the reply. I am connected to Forex.com/City Index as my broker and data provider.

From your previous answer in the linked thread:

If Native OCO is used (meaning OCO IDs are submitted to the exchange with the order) the exchange will perform OCO and cancel any opposing paired orders with an order that is filled or cancelled.

It sounds like I want to use the native OCO method so that the exchange performs my OCO rather than having NT8 logically simulate my OCO using the SetStop/Limit methods. If this is correct, what method call should I use to send a native OCO order to my broker??

[NinjaTrader_ChelseaB]

Hello jflaggs,

Unfortunately, with the Forex.com connection type OCO is local simulated and this cannot be changed.