CancelOrder behaviour in a strategy

[weav74]

Hi

I have a strategy which has a DailyStopLossLimit property. This strategy does nothing else except monitor my PL and compares to the DailyStopLoss. if my daily loss exceeds this level it closes all positions and attempts to cancel any new orders entered.

However the strategy doesn't control new order entry. I do that manually. When the strategy calls CancelOrder on any new orders that i've manually entered nothing happens.

Can strategies cancel orders that they didn't originally submit? If not is there a work-around?

I've tried CancelAllOrders(Intrsument) which does indeed cancel any order but that also kills the strategy and i dont want that to happen.

thanks

[NinjaTrader_Jesse]

Hello weav74,

Thank you for the post.

In this situation it sounds like you would want to use an indicator with Addon code rather than a strategy. Strategies cannot control external orders, they are intended to only control their individual orders.

You could use the Addon account methods for this from an Indicator rather than using a strategy. https://ninjatrader.com/support/help...ount_class.htm

The purpose of the addon account is to observe the account directly which would act similar to the existing tools, that means you can watch for manually placed orders and do logic to modify those orders.

https://ninjatrader.com/support/helpGuides/nt8/cancel.htm

https://ninjatrader.com/support/helpGuides/nt8/accounts_cancelallorders.htm

I look forward to being of further assistance.

[weav74]

Hi Jesse
Perfect. Exactly what i was looking for. Thanks