Cancel/Rebusmitting orders when I just want to change

[Jeremytang]

Hi,

I've noticed that when I use the Managed approach and submit a stop, then subsequently try to modify the stop using say:

ExitLongStop(... with a different price, different name)

NT actually submits a cancel order, then resubmits the stop to the broker, (am I seeing this right?)

Is there a way to avoid this and have NT submit the change directly to the broker instead (much like the ATM does when you change the stops manually)?

Do you have to be in unmanaged mode to do this?

Jeremy

[NinjaTrader_AdamP]

Jeremytang,

I am happy to assist you.

NinjaTrader should just cancel the order, not resubmit a second order. I would double check your strategy logic. There is an unmanaged approach, for more information please see the following link.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?unmanaged_approach.htm

If you would like to post your strategy, I would be happy to test it out and see if I can notice what is causing your issue.

Please let me know if I may assist further.

[Jeremytang]

Hi Adam,

I think you may have misinterpreted what I meant. I'd like to modify the stop's price...

IE:
I submit the original stop with (live 'til cancelled):

ExitLongStop(0, true, 1, price, stopName, "LongEntry");

and then a few OnBarUpdates go by, followed by another call to the same line, except with "price" and "stopName" different.

Jeremy

[NinjaTrader_AdamP]

Jeremy,

So if I am understanding correctly, you are trying to modify the price of pending orders? Are you using this to close a pending order then you resubmit a new order? I may have found a helpful forum link for you where someone wanted something similar, please find a link below.

http://www.ninjatrader.com/support/forum/showthread.php?t=33998

Please let me know if I may assist further.