Entering a Market Order if a previous Limit Order does not get filled

SilverSurfer1

Member

Join Date: Sep 2020

Posts: 60
#1

Entering a Market Order if a previous Limit Order does not get filled

09-04-2022, 11:11 PM

I'm interested in a code snippet to do the following.

I enter a limit order to open. But if that order is not filled by the next bar, I want to enter a market order to open.

Regards,
R. C.
Tags: None
NinjaTrader_Emily

NinjaTrader Customer Service

Join Date: Jun 2020

Posts: 3033
#2

09-05-2022, 10:39 AM

Hello SilverSurfer1,

Thank you for your post.

The reference sample "SampleCancelOrder" demonstrates how to place a limit order, then if the order is not filled within 3 bars it is canceled and a market order is placed instead. You should be able to use the same idea and modify the strategy to check for if the order is filled within 1 bar rather than 3 bars in order to meet your needs. The sample may be found here:

Strategy: Using CancelOrder() method to cancel orders - NinjaTrader Support Forum

https://ninjatrader.com/support/forum/forum/ninjascript-educational-resources/reference-samples/19377-strategy-using-cancelorder-method-to-cancel-orders#post19377

When using NinjaTrader's Enter() and Exit() methods, the default behavior is to automatically expire them at the end of a bar unless they are resubmitted to keep them alive. Sometimes you may want more flexibility in this behavior and wish to submit orders as live-until-cancelled. When orders are submitted as live-until

Please let us know if we may be of further assistance.

Emily C.NinjaTrader Customer Service
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Entering a Market Order if a previous Limit Order does not get filled

Entering a Market Order if a previous Limit Order does not get filled

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