Would you please help me to understand functionality of close button in Chart Trader (Attachment)?
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NinjaTrader
what is the functionality of Close button in Chart Trader.
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Hello bosajin,
Thank you for contacting NinjaTrader.
In all NinjaTrader order entry windows there are CLOSE action buttons which will close a position or an ATM Strategy depending on which mouse button is pressed (the left mouse button will close the current position and cancel any working orders associated with the instrument/account combination and the middle mouse button (scroll wheel) will close the selected active ATM Strategy position only).
When a position or ATM Strategy position is closed, NinjaTrader goes through the following process: (Assume we are long on the S&P E-mini contract at an entry price of 1000.)
1.Identify the active account and instrument
2.Send cancellation requests for any open orders on the active instrument/account
3.Wait up to five seconds for cancellation confirmations from the connected brokerage
4.After receiving confirmation for all cancellation requests, send an offset order to close any open position (For example, a Buy order for 3 contracts would be sent to close an open short position of 3 contracts)
Please let us know if we may be of further assistance.
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