Changing Stop Price

[DaveS]

Hi All.
I am developing a strat that trades just one futures contract, using the managed orders approach. I would like to alter my stop at times, so I have something like
ExitStopOrder = ExitLongStop(StopAt);
Where ExitStopOrder is an IOrder object.

If I want to change the stop price, ( StopAt ), should I
CancelOrder(ExitStopOrder);
And enter a new one?

Or, is it OK to just say something like
ExitStopOrder = ExitLongStop(StopAt + (1 * TickSize));
To increase the stop price one tick without doing CancelOrder first?

Thanks
Dave

[NinjaTrader_RyanM1]

Hi Dave,

Or, is it OK to just say something like
ExitStopOrder = ExitLongStop(StopAt + (1 * TickSize));
To increase the stop price one tick without doing CancelOrder first?

Yes, that's the best practice here for order modification. No need to separately cancel and resubmit.

[DaveS]

Wow, thanks Ryan, an answer after 4 minutes, it doesn't get much better than that.