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NT8 Positions Tab Flatten All is very dangerous for larger diverse trading

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    NT8 Positions Tab Flatten All is very dangerous for larger diverse trading

    Positions Tab > Flatten Everything > is very dangerous if you are trading for example connected to a large account with many sub accounts.. with many open positions

    Human error might allows someone to click this and completely destroy a portfolio of positions. i almost did this myself in NT7 recently and would have liquidated many live positions of many 100s of lots by mistake... Habit when autotrading to untangle all the stuck orders and positions in NT7 would be to use that button/menu alot. When live trading you cannot use this... it is a feature that can cause big problems...

    It would better to:
    1. Flatten by account and instrument
    And never unless you are very small have to use this:
    2. Flatten by account - not really good either-...
    3. have the option to disable the Flatten Everything altogether

    For large accounts Flatten All is a big red button that should be labelled "DO NOT PRESS THIS EVER!" - so its very undesirable except for small retail traders who probably wont ever understand what is like to see millions at risk and one click of the wrong button can completely destroy it all... its easy to click it by mistake.

    Please consider
    1. Flatten by account and instrument in its place or additionally
    2. Allow User to Configure and Disable the "blow up your fund" Flatten Everything - menu.

    Of course that is if you want to attract and keep some commercials who use NT for technicals only - but would use it provided it were built with them in mind etc and safety is the key consideration,... Userbility - no nasty things left lying in the grass to tread on

    #2
    Hello Micro Trends,

    Currently there is not an option to disable the "Flatten Everything" option however I have submitted your suggestion to our development team and will follow up as soon as a tracking number has been assigned.

    To flatten a specific position in a specific account within the Accounts tab if you right click on a position for a specific account there is an option to select "Close Position".
    Christopher J.NinjaTrader Customer Service

    Comment


      #3
      Originally posted by MicroTrends View Post
      Positions Tab > Flatten Everything > is very dangerous if you are trading for example connected to a large account with many sub accounts.. with many open positions

      Human error might allows someone to click this and completely destroy a portfolio of positions. i almost did this myself in NT7 recently and would have liquidated many live positions of many 100s of lots by mistake... Habit when autotrading to untangle all the stuck orders and positions in NT7 would be to use that button/menu alot. When live trading you cannot use this... it is a feature that can cause big problems...

      It would better to:
      1. Flatten by account and instrument
      And never unless you are very small have to use this:
      2. Flatten by account - not really good either-...
      3. have the option to disable the Flatten Everything altogether

      For large accounts Flatten All is a big red button that should be labelled "DO NOT PRESS THIS EVER!" - so its very undesirable except for small retail traders who probably wont ever understand what is like to see millions at risk and one click of the wrong button can completely destroy it all... its easy to click it by mistake.

      Please consider
      1. Flatten by account and instrument in its place or additionally
      2. Allow User to Configure and Disable the "blow up your fund" Flatten Everything - menu.

      Of course that is if you want to attract and keep some commercials who use NT for technicals only - but would use it provided it were built with them in mind etc and safety is the key consideration,... Userbility - no nasty things left lying in the grass to tread on
      Sounds like a perfect AddOn project. Now if only we can figure out how to remove/hide menu items from the interface.

      Comment


        #4
        This feature request can be tracked with ID # SFT-28.
        Christopher J.NinjaTrader Customer Service

        Comment


          #5
          Hi yes there is a close position - which is less perilous to use - but then you have to also mop up any orders manually... if you are clumsy or eye sight not good you can easily cancel the wrong position - maybe a confirmation pop dialogue box with the action and a yes no is a standard windows WPF kind of approach that would work well there... do you want me to submit a ticket for that?

          Comment


            #6
            Originally posted by MicroTrends View Post
            Hi yes there is a close position - which is less perilous to use - but then you have to also mop up any orders manually... if you are clumsy or eye sight not good you can easily cancel the wrong position - maybe a confirmation pop dialogue box with the action and a yes no is a standard windows WPF kind of approach that would work well there... do you want me to submit a ticket for that?
            In NT7, "Close" cancels all existing orders. Are you saying that it does not do so in NT8?

            Comment


              #7
              MicroTrends I have forwarded the request to our development team for a pop up when closing a position within the Positions tab.

              koganam, yes the "Close" button operates the same as it did in NinjaTrader 7.
              Christopher J.NinjaTrader Customer Service

              Comment

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