Cancel/Remove Limit order if not filled

[mwyatt]

Hi,
I have a strategy where I enter the trade with a limit order on the close of the bar. Let's just say i don't get filled on the limit order, and price moves away. How do i remove the limit order if the price moves away from the limit price by a certain number of ticks? e.g 4 ticks.

My worry is that I'm placing a limit order, it may not get filled, price may move away, then after the move (that i was trying to jump on) has completed and price comes back in the opposite direction, i will then get filled on my limit, then possibly stop out..

Thanks in advance.
Mat

[NinjaTrader_JoshP]

This can be done by simply not resubmitting your order. When you notice the price is too high stop resubmitting your order and NinjaTrader will automatically cancel the limit for you.