Knoxville Tennessee USA
Experience: Intermediate
Platform: TOS
Trading: ES, NQ, CL, /6E futures options.
Posts: 346 since Oct 2012
Thanks Given: 135
Thanks Received: 154
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For safety purposes (loss of power, data connection, equipment failure) it is good to have a stop loss order that
resides with your broker's server.
I have asked at different times (at the NT forum) how to tell if orders reside with my computer or the
broker's server. Always I get a canned PDF answer for some generic setup.
I have the DEFINITIVE ANSWER to this question for anyone that is interested.
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Taking Ninja Trader as an example. Be sure that your chart trader ( or other used for entering trades) is not
in the automated strategy mode. (strategy --- none). The method is simple and conclusive. Enter a stop loss
order a large distance away from the present price. (Maybe 1 or 2 SD). Exit (turn off) Ninja Trader.
After a minute or two, launch Ninja Trader. Check to see if the stop loss order is active in your log.
If it is still active, the order resides with your broker. If the order does not exist the order resided with your
computer. Delete this active order (if it exists).
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