Strategy automation: Keep limit order active for several bars in a row (user defined)

[Breed]

For strategy automation it would be very useful to have an option to keep limit orders active for several bars in a row (should be user defineable), so that the limit order maintains its place in the queue and doesn't get cancelled after the bar where the order was generated, but didn't get filled. This gets actual trading results much closer to backtesting results when using limit orders. The order should stay active until the defined "max bars active" setting is reached or a new order with a different price is generated. This feature should be an option (selectable by radio button for example).

[koganam]

For strategy automation it would be very useful to have an option to keep limit orders active for several bars in a row (should be user defineable), so that the limit order maintains its place in the queue and doesn't get cancelled after the bar where the order was generated, but didn't get filled. This gets actual trading results much closer to backtesting results when using limit orders. The order should stay active until the defined "max bars active" setting is reached or a new order with a different price is generated. This feature should be an option (selectable by radio button for example).

Already exists. Just read the NT Help. Search for "liveuntilcancelled".

[NinjaTrader_Bertrand]

Welcome to the forums here breed and thanks for sharing this enhancement suggestion - I've added it under id 2237 to our trackings done in product management.

As koganam kindly stated, orders are available to get set 'live until cancelled' overriding the default NT behavior to expire at the next bar update. However it would be then up to your code to CancelOrder() these as needed.

http://www.ninjatrader.com/support/forum/showthread.php?t=19169

http://www.ninjatrader.com/support/forum/showthread.php?t=18890