introduce a delay between cancel order and submit a new one

[dadarara]

in my strategy (managed method) I have a situation where I need to cancel an open order and replace it with a new one,
sometimes its just a change of price but sometimes its also change the direction from buy to sell for example.

I send a cancel order before sending a new order. But it seams the cancel confirmation takes some time and so the submission of a new order is premature.
I understand that the managed method does not allow the change of direction if we have an open order.

So I am thinking I need some SLEEP / delay put in between the cancel and the new order Enter() command. while I process the bar.
I am looking to have a delay of some milliseconds. I am working with hourly bars so I think its shouldn't affect the process.

also I am running the same strategy simultaneously on several stocks , so I am not sure that the definition of the system timer is the same for all strategies ?!

I was looking at the

System.Windows.Forms.Timer timer = new System.Windows.Forms.Timer {Interval = 100};
    timer.Tick += delegate
    {
        timer.Stop(); // make sure to stop the timer to only fire ones (if desired)
        timer.Dispose(); // make sure to dispose of the timer
    };
    timer.Start(); // start the timer immediately following the "before" logic

also read this : https://ninjatrader.com/support/help...ustomevent.htm

I am not sure that I am doing it right.

can you please assist how should I do that ? some direction how to define this timer and use it inside the OnBarUpdate ()

[NinjaTrader_PaulH]

Hello dadarara,

Thanks for your post.

I've attached an example that will help with your general timer questions.

Instead of a delay, you should use OnOrderUpdate() to look for OrderState.Cancelled as that would be more appropriate than trying to time a variable (internet/exchange speeds).

DelayedEvents.zip