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The concept of using a button on a chart to fire the hotkey "cancel last order" works fine if trading only one instrument.
The only problem is that NT does not cancel the last order of the active window but the last order you have in the system.
If you have orders in different instruments you push the button in the CL window and an order (last placed) in the ES is canceled.
All "last order" hotkeys are not window sensitive. Others like close position, reverse or breakeven position are.
Nice to work with hotkeys, but tricky.