Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

?'s about using the Close Button to exit an ATM strategy

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    ?'s about using the Close Button to exit an ATM strategy

    I'm working with ATM strategies and observing the LOG entries to see what the behavior of the Orders, Executions and Position updates are as depicted in the attachment.

    I was in a short position and pressed the Close button. There was one remaining Stop2 order and one Target2 order. The Stop2 was cancelled and the Target2 was filled per what I noticed in the log.

    The first question is why is the Stop cancelled and the Target filled? Wouldn't they both be cancelled? Price was not near the Target to get filled.

    The next question is: Why are there no orders to Exit the strategy? What I see is an Execution with an "Operation= Insert". Is this the operation that closes a ATM strategy? Why is there no order to Exit the Strategy?

    The position was closed properly but I'm trying to understand what goes on under the hood.

    Regards,

    taddypole...
    Attached Files

    #2
    Hello Taddypole,

    It is as expected that the stop loss cancels and the profit target is modified to a price so it will close your position. Please see the link below for more information regading the Close button.
    http://www.ninjatrader.com/support/h...r_atm_stra.htm

    There is no additional order to exit your position since the profit target closes your position.
    JasonNinjaTrader Customer Service

    Comment


      #3
      Thank you Jason, that link explains it all.

      Comment

      Latest Posts

      Collapse

      Topics Statistics Last Post
      Started by sjeffblack, Today, 01:22 PM
      2 responses
      16 views
      0 likes
      Last Post sjeffblack  
      Started by Kicks.Spin, Today, 01:24 PM
      1 response
      13 views
      0 likes
      Last Post NinjaTrader_Jesse  
      Started by JLSwin, Today, 01:07 PM
      1 response
      7 views
      0 likes
      Last Post NinjaTrader_ChrisL  
      Started by dgee949, Today, 12:11 PM
      4 responses
      22 views
      0 likes
      Last Post dgee949
      by dgee949
       
      Started by jalro, Today, 10:25 AM
      1 response
      19 views
      0 likes
      Last Post NinjaTrader_Kate  
      Working...
      X