Using OnOrderUpdate() and OnExecution() methods to submit protective orders

<< Click to Display Table of Contents >>

Navigation:  NinjaScript > Educational Resources > Reference Samples > Strategy >

Using OnOrderUpdate() and OnExecution() methods to submit protective orders

Previous page Return to chapter overview Next page

The OnOrderUpdate() and OnExecution() methods are reserved for experienced programmers.

 

Instead of using Set() methods to submit stop-loss and profit target orders, you can submit and update them manually through the use of IOrder and IExecution objects in the OnOrderUpdate() and OnExecution() methods.

 

The OnOrderUpdate() method is updated whenever the state of an order changes which allows you to submit and control your stop-loss and profit target orders the instant your entry order is filled.

 

The OnExecution() method is updated whenever you receive an execution or a fill on your orders. This method provides you the fastest possible submission of protective orders. Utilizing the increased granularity provided in these advanced methods can be advantageous to you by providing you with maximum control of how your stop-loss and profit target orders behave.

 

Key concepts in this example

Submitting live-until-cancelled entry orders
Modifying stop-loss order to breakeven after a certain amount in profit

 

Important related documentation

Order
Execution
OnOrderUpdate()
OnExecutionUpdate()
SetStopLoss()
SetProfitTarget()

 

Import instructions

1.Download the file contained in this Help Guide topic to your PC desktop
2.From the Control Center window, select the menu Tools > Import > NinjaScript
3.Select the downloaded file

 

SampleOnOrderUpdate_NT8.zip