Cancel Limit order that passed the stop price

[op1031]

Hi support,

I have a situation as the followed. I have SetStoploss() and EnterLongLimit(), but the next candle gapped down beyond my stoploss. When this happens, I would like to cancel the order. How can I detect that the price gapped down beyond my stoploss?

Thank you

[NT-Roland]

Hi op1031,
You could compare the close of the previous bar with the open of the current bar. A "gap" is present, if the close of the previous bar is above, but the open of current bar is below your stoploss. Perhaps add some logic to determine that the gap must exceed a certain minimum size to qualify as such before cancelling your EnterLongLimit order?
NT-Roland

[NinjaTrader_ChelseaB]

Hello op1031,

When using set methods you can get the stop price of the stop loss.

Below is a link to a forum post with sample code.
https://ninjatrader.com/support/foru...092#post786092

The Close[0] price could be compared to this in OnBarUpdate, or the marketDataArgument in OnMarketData.

The issue would be with cancelling an order. Set method orders cannot be cancelled or unset.

I would recommend instead using exit orders or the unmanaged approach as these orders can be cancelled with CancelOrder().

https://ninjatrader.com/support/forum/forum/ninjatrader-8/platform-technical-support-aa/97419-priceos-cs-expecting?p=802269#post802269