Handling of orders for stocks that are not shortable

[marcus250]

I have written a simple stock trading strategy that trades :

-Long entries
-Short entries

- Long exit
- Short exit


I would like to implement that if a short entry is rejected ( due to unavailablility for short sale) that the order will be automatically cancelled and that the strategy will look for new opportunities..

Currently, the order stays in the market waiting to be executed, i will have to cancel manually...


Does anybody know how i will be able to code this ?

My short entry condition is currently:


if (ToTime(Time[0]) >= ToTime(12, 00, 0)
&& Close[0] < Low[1]
&& VOLMA(14)[0] > 40)

{
EnterShort(DefaultQuantity, "short");
}


Thank you !

[NinjaTrader_Joydeep]

Hello marcus250,
You can use the CancelOrder method to cancel your orders if it does not fills after x amount of time. Please refer to our help guide to know more on it.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?cancelorder.htm

in variable

IOrder entryOrder;

In OnBarUpdate

entryOrder = EnterLongLimit(0, true, 1, Close[0] + 10 * TickSize, "");

Cancel the order after a minute

if (DateTime.Now.Subtract(entryOrder.Time).TotalMinutes > 1 && Position.MarketPosition.Flat)
	CancelOrder(entryOrder);

The above is just an idea and not the actual code. We have not be able to test it due to its uniqueness, so please test it further.