i think its important to always speak about combinations of : broker-feed AND trading/execution-plattform.
we have to understand the keypoints of these concepts.
trying to make it clear :
Everything that is contoled by / inside of NinjaTrader will never be serverbased cause NT is not made for that !
(speaking about the "normal" way to use NT as a costumer, not speaking about tricks some IT-freaks are able to do of course)
a trailing stop in NinjaTrader is , spoken in easy words : a small strategy-routine is running..
an AMT with a stop + target is a small strategy too - that cancels the stop if target is hit.
These are things that happen INSIDE of Ninja + controled by NT.
it is simply not possible to transfer these functions to a server to make them work if NT / your PC is offline !
Ninjas strategys (+ also ATMs + OCOs + trailings ... ) are not running on any servers -- they are always inside NT on your local PC.
A real serverbased solution is something like
- StrateyRunner - where all strategys are transfered to their servers after starting them (als a simple BracketOrdert is a small strategy / its like an ATM in Ninja - having Target + Stop + cancelroutine if one is hit)
- IB + TWS
a plattform like the TWS from IB that controls things like trailstops + brackets in itself if sended out from there - and as IB is hosting stuff on own servers, i know that things you give in in TWS is serverbased then ! here - if you Enter a trade with TWS, TWS controls the trailing + OCO + store this functionality+parameters on IB-servers.
--->> BUT with this IB-way --- if you use IB + TWS PLUS Ninja as your entry-plattform in combination and you do enter a trade with ATM in Ninja -->> Ninja will have the controle over this ATM and TWS does know nothing about these ATM-parameter! - TWS is just a brgde to the exchange here.
so if NT is down -- TWS+IB-server know nothing about how Ninja would move or cancel any of these ATM-stuff -> ATM / Brackets will not work here anymore. you have the same problem like with NT alone!
the same way it will be with TT i think :
>> TT as standalone with its own order-entry-plattform -- serverbased things are working
>> TT in combination with Ninja (NT controling the ATMs etc) -- NOT a 100% serverbased solution anymore
its really important to make shure you understand the whole stuff behind the scenes -> how those diff. apps are working together.
The following 2 users say Thank You to max-td for this post:
A little late to the party, but CTS T4 supports server-side order types, including OCO/Auto-OCO. CTS T4 server-side OCO integration with Sierra Chart is now available as well, as of the last couple of days.
Cool, Brian from CTS will be doing a futures.io (formerly BMT) webinar on September 7th as well.
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The following user says Thank You to Big Mike for this post:
Today, after purchasing NT live, I realized that issue with the oco orders and I dont like it at all that my entry order is hanging without the stop loss and lmt orders out there. With an internet connection lose it can be very expensive.