Unmanaged vs Managed orders

December 3rd, 2012, 10:00 AM

baruchs

The only benefit of using "unmanaged" is the ability to submit Long and Short at the same time, even that can be manipulated in the "managed".

Can you tell me how to send a long and short order at same time in managed?

Regards

December 4th, 2012, 04:37 AM

chuso

Can you tell me how to send a long and short order at same time in managed?

Regards

You can't.
What you can do is - calculate a middle point btw the long and short price and below it issue a long limit and cancel short limit, if was issued, and vs. On the next bar if was not triggered recalculate.

Baruch

August 16th, 2013, 10:17 AM

Hi baruchs
I know your post is 2 years old, but could you please elaborate more on this concept. I've been trying to find a way around this for a while, but with no success. Thanks

baruchs

The only benefit of using "unmanaged" is the ability to submit Long and Short at the same time, even that can be manipulated in the "managed".

December 13th, 2014, 11:54 PM

baruchs

You can't.
What you can do is - calculate a middle point btw the long and short price and below it issue a long limit and cancel short limit, if was issued, and vs. On the next bar if was not triggered recalculate.

Baruch

This is an interesting post and would like to add the following. Hopefully someone has found a good solution for the following.

being flat
shortlimit is active
longlimit becomes active

NT will ignore the longlimit in the managed approach because of the trading rules.

solution:
cancel shortlimit first
then activate longlimit

but:
if you put this code close to each other the Nt core will not have enough time to cancel the shortlimit and you end up again with the ignored longlimit.
There needs to be at least one bar in between the cancel of shortlimit and the activation of longlimit.
So you will have to cancel shortlimit on bar 0 and activate longlimit on bar 1
problem: you activate 1 bar too late with possible missed trading opportunities

solution:
use smaller time frame to cancel the shortlimit on bar 0 and activate the longlimit 1 bar later on the smaller timeframe. Use the other logic on you regular timeframe.

but:
this will make your overall performance slower, for example i am running into crashing NT during WFO because i am using lower time frame (1 minute) for 0 bar cancelling and 1 bar later activating. At the same time the main logic of the code is still running on the higher time frame.

Question:
Did anyone find a solution for this.
Maybe it is time to step to the unmanaged approach?

regards

March 6th, 2015, 12:30 PM

Use:

OnOrderUpdate(IOrder order)
{
if(order.Name == nameOfShortLimit && order.OrderState == orderState.Canceled)
{
//Enter Long Limit
}
}

Unmanaged vs Managed orders

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Unmanaged vs Managed orders