How cancel Market Orders

[vladko]

Hi.
I want cancel market order before execution.
This code work is right on Market Replay, but doesn't work on Simulation.
How it work on Live Account?

protected override void OnOrderUpdate(IOrder order)
{
    if (order.OrderType==OrderType.Market)
       order.OrderState=OrderState.Cancelled;
 }

[NinjaTrader_ChelseaB]

Hello,

Thank you for writing in.

To cancel an order use CancelOrder();
http://www.ninjatrader.com/support/h...ancelorder.htm

It is not likely you will be able to cancel a market order with real-time data.

The methods update asynchronously. This means that by the time the CancelOrder() is called the order has already filled.

Market order fill immediately.

[vladko]

Yes, but my code cancel market order right on market replay...

[NinjaTrader_ChelseaB]

Hello vladko,

In real-time it is very unlikely that you would be able to cancel market order because market orders fill immediately.
(This does not mean it would be impossible just highly unlikely)

The replay works a little more linearly so that it still works when being fast forwarded so its more likely to run the accept, then cancel in order.