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order cancellation
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Created: by kaywai Attachments:0

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order cancellation

  #11 (permalink)
Elite Member
Dublin, Ireland.
Futures Experience: Advanced
Platform: NinjaTrader, TOS, Multicharts, Open Source various
Favorite Futures: FDAX, cable/yen, FX, options on commodities
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baruchs View Post
Will be valid for 1 bar. Of course if you issue this order on each bar then until you stop doing it the order will exist.

How do you want me to respond to it?

No need. I just looked over the sample live until cancelled strategy and you have to set false in the enter limit section in order for the order to cancel after one bar close.

If set to true then the order is kept alive until cancelled.

/* CrossAbove/Below conditions usually do not evaluate to true for several bars in a row.
               If we submitted with liveUntilCancelled = false our order would be cancelled on the next bar as the condition is no longer true.
               If we wanted to persist our order we would want to use liveUntilCancelled = true. */
            if (CrossAbove(SMA(Fast), SMA(Slow), 1))
            /*     This order is kept alive until explicitly cancelled. For information on how to explicitly cancel this order please see this reference sample:
                http://www.ninjatrader-support2.com/vb/showthread.php?t=18890 */
                EnterLongLimit(0, true, DefaultQuantity, entryPrice, "live until cancelled long");
            if (Close[0] > Open[0])
                // This EnterLongLimit is cancelled if the conditions that caused it are no longer true. It is then resubmitted upon the conditions being true again.
                EnterLongLimit(0, false, DefaultQuantity, entryPrice, "long order to be resubmitted");
            if (CrossBelow(SMA(Fast), SMA(Slow), 1))
Sample strat from the NT site:

Strategy: Keeping orders alive - NinjaTrader Support Forum

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  #12 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: pfg
Favorite Futures: eminis
Posts: 323 since Jun 2009
Thanks: 6 given, 206 received

Limit orders have 6 overloads. Only one has "live until cancel true/false". All other are valid for only one bar unless you renew it on the next bar. The one that has LUC you only need if you have more than one time frame in your strategy. So why use it if you don't have more TF's.


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