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Cancel open orders after profit target hit

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    Cancel open orders after profit target hit

    Hi,

    How can I cancel any remaining open orders after a profit target has been hit, or a position has been closed?

    I was thinking of using the CancelOrder(IOrder) method inside the OnPositionUpdate and check for Position.MarketPosition = MarketPosition.Flat ... Is this the proper way to go?

    #2
    Hello,

    For this you may want to look at this sample: http://www.ninjatrader.com/support/f...ead.php?t=7499

    I believe for this you would want to use OnExecution instead of OnPositionUpdate.

    This is a good example of comparing IOrder objects, you could in turn use something like this as a base framework for detecting fills and then use the CancelOrder method when one of your orders is filled, then you can cancel your other order objects.

    I look forward to being of further assistance.

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