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NinjaTrader 8 Major Enhancements List (NT8)
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NinjaTrader 8 Major Enhancements List (NT8)

  #191 (permalink)
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NinjaTrader View Post
NT8 will come with support for MIT orders which for most of our brokerage technology providers (if not all) are simulated orders held locally that once triggered will issue a market order. Keep in mind, you will see slippage since your are executing at market.

Is the MIT order residing on the computer or the broker? This is an important issue.

If we have a simulated MIT order, the slippage will be in your favour anyway. i.e. filled at a better market price.

Market Scenario,
Since no one knows where your MIT orders are, the market decides to hammer into your simulated MIT order. You get slippage filled at a better price.
When your orders are exposed, the market participants see your order and can decide to frontrun at a price before your price. This will result in not being filled and you end up trying to chase the market.

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  #192 (permalink)
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wwteo View Post
Is the MIT order residing on the computer or the broker? This is an important issue.

If we have a simulated MIT order, the slippage will be in your favour anyway. i.e. filled at a better market price.

Market Scenario,
Since no one knows where your MIT orders are, the market decides to hammer into your simulated MIT order. You get slippage filled at a better price.
When your orders are exposed, the market participants see your order and can decide to frontrun at a price before your price. This will result in not being filled and you end up trying to chase the market.

MIT will reside on your computer.

In general, I fail to see how MIT order would execute at a better price on average.

Here is an example:

Buy Limit Order @ 1000 --> You will get filled at 1000

Buy MIT Order @ 1000, Bid = 1000 Ask = Bid + 1 Tick --> Market trades at Bid price of 1000, Market order is sent and gets filled at Ask price which is 1 tick slippage.


Now it is possible that the Bid/Ask drops down while your Market order is in transmission however, I suspect that the law of averages would find you getting a worse fill.

I apologize in advance if I am misunderstanding you.

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  #193 (permalink)
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NinjaTrader View Post
MIT will reside on your computer.

In general, I fail to see how MIT order would execute at a better price on average.

Here is an example:

Buy Limit Order @ 1000 --> You will get filled at 1000

Buy MIT Order @ 1000, Bid = 1000 Ask = Bid + 1 Tick --> Market trades at Bid price of 1000, Market order is sent and gets filled at Ask price which is 1 tick slippage.


Now it is possible that the Bid/Ask drops down while your Market order is in transmission however, I suspect that the law of averages would find you getting a worse fill.

I apologize in advance if I am misunderstanding you.

Will it be possible to have MIT at Ask? That is send a market order if Ask is at desired price. I realize no guarantees with market orders.


Last edited by Seahn; December 9th, 2014 at 01:01 PM.
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  #194 (permalink)
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Seahn View Post
Will it be possible to have MIT at Ask? That is send a market order if Ask is at desired price.

Just like a stop market order triggers of a last trade price, MIT order will work in the same manner. Meaning, it will not trigger of a change in bid or ask price.

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  #195 (permalink)
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NinjaTrader View Post
MIT will reside on your computer.

In general, I fail to see how MIT order would execute at a better price on average.

Here is an example:

Buy Limit Order @ 1000 --> You will get filled at 1000

Buy MIT Order @ 1000, Bid = 1000 Ask = Bid + 1 Tick --> Market trades at Bid price of 1000, Market order is sent and gets filled at Ask price which is 1 tick slippage.


Now it is possible that the Bid/Ask drops down while your Market order is in transmission however, I suspect that the law of averages would find you getting a worse fill.

I apologize in advance if I am misunderstanding you.

Thats great. Looking forward to NT8. The good slippage is not generally not based on calculating Bid/Ask. This is based on actual market price action where the market participants with faster algos tend to perform very quick price action onto prices. When you have a MIT profit target and the market moves quickly onto your price point. Because of the slowness of your trade execution. You will likely fill your profit target at a better price when the market moves quickly into your price.

1 tick slippage is no big deal. We are not doing split second HFT arbitrage.

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  #196 (permalink)
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Just like a stop market order triggers of a last trade price, MIT order will work in the same manner. Meaning, it will not trigger of a change in bid or ask price.

Ah, feature request for NT8.1.

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  #197 (permalink)
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how is NT 8 going to handle workspaces and virtual desktops in win 10?

dont believe anything you hear and only half of what you see

\_(ツ)_/

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  #198 (permalink)
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madLyfe View Post
how is NT 8 going to handle workspaces and virtual desktops in win 10?

Windows 10 is in "technical preview" stage....once there is more meat on the bone we will be in a better position to answer this question.

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  #199 (permalink)
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NinjaScript

Hi,
Apologies if this was already mentioned in this thread (or other thread).
I have attended webinars and also read the PDF but could have missed this information,
Will NT8 and NinjaScript have some kind of library to store snippets of code and then Reuse it?
(I AM a six month NT7 user and have to copy-paste a lot of code to build estrategies and was wondering if this area will be enhanced on NT8)

Thanks, Cheers and Happy Holidays,

Best Regards.

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  #200 (permalink)
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Timeline


I realize there's no public statement regarding the timeline for NT 8, but perhaps... maybe... just for us futures.io (formerly BMT)ers..... 'cause it's the holiday season....

Can you give us the slightest idea when it may be coming into beta?

Thanks for any info you can provide.

-Bob

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