How to replace an existing order?

[atrader]

If a stop order created as stopOrder = ExitLongStopMarket(stopPrice, "MyStopOrder", "entryOrder"); and I would change the stop price higher later, can I just use stopOrder = ExitLongStopMarket(newStopPrice, "MyStopOrder", "entryOrder"); to replace the previously created stopOrder? If not, do I have to cancel the original stopOrder first and then create the new stopOrder? Thanks!

[NinjaTrader_ChelseaB]

Hello atrader,

Yes, when using the managed approach, call the same order method again using the same signal name and this will update and changeorder on the existing order. Use a different unique signal name if you want a new order.

Alternatively, assign the order object to a variable in OnOrderUpdate(), and then you can use the ChangeOrder() method.

https://ninjatrader.com/support/helpGuides/nt8/managed_changeorder.htm

Below is a link to an example that updates a stop order.

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

[atrader]

Hi Chelsea, thank you so much! It is really helpful.