Deleting a stop order.

[Brevo]

Hello,

I have a strategy that generate a daily stop order that at times did not get hit. I need to delete that stop order the following day. Is this the correct way to do so:

if (Bars.BarsSinceNewTradingDay ==1)
{
if (Position.MarketPosition == MarketPosition.Flat){

if(longOrder !=null) {
CancelOrder(longOrder);
longOrder = null;
}
}​
}

[NinjaTrader_Gaby]

Hello Brevo,

Thank you for your post.

if (Bars.BarsSinceNewTradingDay == 1)

This check would make sure the logic under it is executed 1 bar after the start of the new trading day.

if (Position.MarketPosition == MarketPosition.Flat)

Here you're also checking if market position is flat. I would like to note that if the strategy's position is flat then this would mean there are currently no long or short orders to cancel, because the strategy is not in a long or short position.


As far as the usage of CancelOrder(), have you assigned longOrder in OnOrderUpdate()? This would make sure the assignment occurs when expected. This is demonstrated in the sample code on the Help Guide page for CancelOrder():

https://ninjatrader.com/support/helpguides/nt8/managed_cancelorder.htm

Here is also an example script demonstrating using CancelOrder():

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

Please let me know if you have any other questions.