Updating order price

[sanjeev74]

Hope you're doing great!

The order is entered correctly, but when EMA changes, the order price is not getting updated in this live open order. How should I code it, so the price is updated in open orders in live trading as EMA changes? Thank you!


orderPrice = Instrument.MasterInstrument.Round2TickSize(EMA(100 )[0]);
if (orderPrice < EMA(100)[0]) orderPrice = orderPrice + 0.25;
entryOrderA = EnterLongStop(1, orderPrice, "MyEntry-a");

[NinjaTrader_Jim]

Hello sanjeev74,

Thanks for writing in.

When you submit an order, it will return as Submitted, Accepted, Working, and then Filled. When orders are submitted to your broker and are in a Working State, you can update them by submitting another order with the same order ID.

For example, if your entry condition was controlled by Position.MarketPosition == MarketPosition.Flat or Position.MarketPosition != MarketPosition.Long, then that order would not be submitted again to update the price of the live order.

I suggest to create a condition in OnBarUpdate() that will update the order's price. You could set a bool in OnExecution() that tells you when the order has been Accepted. This bool can then be used to control your order method to update the order's price.

I see that you are already using IOrders to manage your positions, but for the thread's reference, the sample strategy on using OnExecution() and OnOrderUpdate() provides the necessary functionality to create orders that you can update with your own logic.

Strategy: Using OnOrderUpdate() and OnExecution() methods to submit protective orders - http://ninjatrader.com/support/forum...ead.php?t=7499

Please let me know if you have any questions.