What is the best way to protect myself if I lose my connection? Thanks.
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ATM & Stop Strategies - Where are they held/managed?
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ATM & Stop Strategies - Where are they held/managed?
When I have an order filled that has associated ATM and Stop (trailing stops)strategies, where are the target and stops managed and held? Is it all done from my computer or are they held/managed on an exchange or brokers' system? I am using NT with Zen-Fire.
What is the best way to protect myself if I lose my connection? Thanks.Tags: None
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Hello Higler:
Thank you for your post.
The resting locations of your orders are dependant on several variables including broker, order type and exchange type.
It is first important to understand NinjaTrader Order Status types:
PENDING - Order submitted
REJECTED - Order rejected
CANCELLING - Cancel requested but not confirmed
CANCELLED - Cancel confirmed
FILLED- Order filled
ACP_BKR - Accepted at broker
ACP_XCHG - Accepted at exchange
ACP_BKR (light blue color in DOM) and ACP_XCHG (green color in DOM) are the two states we need to be concerned with to determine order resting location. Whenever an order is ACP_XCHG it means the order is resting at the exchange. Should anything happen to your PC or internet connection your order is still alive and working.
If an order is ACP_BKR it can mean several things.
For Zenfire -
It means the order is resting on the broker's order server. If your PC crashes or your internet connection goes down, this order is still alive at the broker. If the broker's servers go down, then the order is not active and potentially lost.
How do I know which order types will receive an ACP_XCHG (resting at the exchange) state?
This is dependant on the exchange itself and what order types they choose to support as native exchange order types. For example, all stop order types on ECBOT are NOT exchange supported where GLOBEX stop order types are.
Best regards,RyanNinjaTrader Customer Service
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