Strategy Builder Cancel Order

[IanS00]

Is there an internal tracking number for cancelling an order within the Strategy Builder, rather than having to hand-code it?

E.g. Conditions and Actions could have a Set to cancel a limit order if it's not filled within x bars.

[NinjaTrader_Emily]

Hello IanS00,

Thank you for your post.

By internal tracking number, are you referring to a feature request ID number or something else? It is possible to cancel an order after X number of bars by using a bar counter in the Strategy Builder. There is an example of using a bar counter here:

https://forum.ninjatrader.com/forum/ninjatrader-8/indicator-development/1078475-setting-a-crossover-within-n-bars-form-another-condition?p=1078538#post1078538

You could have a bool that allows the order to be placed, and then after x number of bars has passed the bool toggles so that the order condition is no longer met and it is canceled.

Please let me know if I may be of further assistance.

[IanS00]

I don't see any Strategy Builder selection for canceling orders, only for entering or exiting them. Does "Exit" cancel the order if it's not been filled?

[NinjaTrader_Emily]

Hello IanS00,

Thank you for your reply.

Exit() does not cancel an order. The Strategy Builder uses the Managed Approach. Whether you are using the Strategy Builder or an unlocked script with the Managed Approach, the default behavior for Enter() and Exit() methods is to automatically expire/cancel the order at the end of the bar unless they are "resubmitted" to keep the order alive. An order can be resubmitted/kept alive on the next bar as long as the condition for the order is still true. Once the condition is no longer true, the order will expire and be canceled. In an unlocked script, there is a way that you can use order methods with the IsLiveUntilCanceled property set to true, and this would allow you to use CancelOrder(). That is only available as an advanced order handling concept in an unlocked script and not available as an option in the Strategy Builder.

More info regarding the Managed Approach may be found in the help guide here:

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

Advanced Order Handling topics for unlocked scripts are described here:

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

If you'd like, I could provide you with an example of how to let an order expire/cancel under certain conditions. What is the scenario you would like for an order to be canceled? For example, you could do something like submit an enter long limit order and if it is not filled in 5 bars, then cancel it. Once I have a better idea of what you are trying to achieve I would be glad to create a video and/or provide screenshots of the Strategy Builder demonstrating how it could be done.

I look forward to your reply.