Cancelling a Pending Order.

[jonmoron]

Hi,

Is there a way to cancel a pending order? Say I have an order in to sell at 100 and the market is at 95. Is there a way to cancel the order if the market moves to 90? I would like to cancel my sell automatically if a price is reached. Is there a condition I can place on the sell order?

I'd like to know if this is possible to setup using the ATM or any of the manual entry points using NT. I believe I might be able to set something up code-wise to handle this very situation.

Any thoughts?

thanks-
jon

[NinjaTrader_Austin]

Jon, there is a way to cancel a pending order. The method is called CancelOrder(). Also, we recently posted a reference sample for how to cancel orders.

Unfortunately, NinjaTrader strategies cannot take over for a discretionary trade, which I think is what you're looking for. CancelOrder is only usable in NinjaScript strategies.

[jonmoron]

Austin,

Thanks for the reply. I'm actually looking for a way to cancel a pending order when that pending order is placed via the SuperDOM or BasicEntry form. Is there a way to use the the SD or Basic Entry form to manually set a cancel condition on an order?

thanks!
jon

[NinjaTrader_Bertrand]

Jon, unfortunately not - you would need to monitor the price and cancel the order then manually as needed from the order entry windows.

[jonmoron]

Is there a way we can see this in a future release of NT. It seems like something a trading platform should have. Something similar to a "kill level" that associates trades with a price. If that price is hit then it cancels the related order.

thanks-

[NinjaTrader_Ben]

Hello,

I will send this to our development department for consideration. Thanks!