Basically, I understand that some people prefer client based stops, so that the brokerage doesn't know what your plans are. But, I feel more secure with server based stops. If for some reason my computer hangs or whatever, my stops are in place. Of course I have a good computer, but, you never know.
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Where are stops processed?
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Where are stops processed?
When I have a stop, is it server based on client based? I'm using MBT for forex. I also have an IB account but I am not currently using NinjaTrader with it. I'll probably upgrade to a multi-broker version on Ninja.
Basically, I understand that some people prefer client based stops, so that the brokerage doesn't know what your plans are. But, I feel more secure with server based stops. If for some reason my computer hangs or whatever, my stops are in place. Of course I have a good computer, but, you never know.Tags: None
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Originally posted by NinjaTrader_Dierk View Post
MB Trading
Orders in a state "Accepted" or "Working" are at the exchange or on MBT's servers in situations where the exchange does not have native support for an order type.
OCO (One Cancels Other) functionality is simulated on your local PC.
So, this tells me, I believe, that stops for active orders are always on all brokers sent to the broker, who then handles it themselves or sends it to the exchange, depending. Which is what I want, great.
That said, just curious, do some people request that the stops be handled locally so that their broker doesn't know what their stop is? No big deal, just wondering.
Thanks for the quick response.
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Please make sure you understand the concept of simulated stops in NT. http://www.ninjatrader-support.com/H...verview12.html
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Originally posted by NinjaTrader_Dierk View PostPlease make sure you understand the concept of simulated stops in NT. http://www.ninjatrader-support.com/H...verview12.html
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hello,
does that mean that when I use ATM strategy, there are two exit orders (Target Profit and Stop Loss) send to the exchange but the relationship between them is only on my computer?
so if I turn NT off or my computer powers down the exit orders acts as separate orders and I may have the original position closed by either SL or TP and be executed to opposite position by the second order?
Thank you for reply
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I'm going to resurrect this old thread. I use MBT, and I know that OCO is simulated in the PC. What if the PC is rebooted for some reason? Of course you don't want to do that in the middle of a trade, but, if for some reason it happens, will NT remember the OCO status?
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Originally posted by NinjaTrader_Jason View PostUnfortunately most likely the OCO order will be lost.
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