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How is my stop triggered?

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matthew28 View Post

As Xplorer said the order is activated when a contract trades at that level, but with Ninjatrader the stop orders are kept on your computer and only sent to the exchange/broker when they are hit.

Hang on just a sec. I asked this question about where stops are located with Ninjatrader support and they said the following:

Once orders receive an 'Accepted' or 'Working' status, they reside at the exchange or at the broker servers. If NinjaTrader is shut down or disconnected, orders still execute as per market dynamics. You can view the order status in the Control Center-->Orders-tab, State column.

Volume stops are stored locally and therefore a lot more risky, but standard stops are stored server side. My understanding so far is that the stop is a market order executed by the broker as soon as price reaches that level. These stops are hidden from other participants and no one can see where your 'pain' is.

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