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Failover and backup pc


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Failover and backup pc

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  #1 (permalink)
Australia
 
Experience: Intermediate
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Posts: 39 since Jan 2010
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Hi all just thought I would post this and see if there are any network and tech gurus out there with some good ideas.

If you have taken a trade and a stoploss is in place and
1) you loose power -
Solution = 4G dongle and UPS to the pc = time to get out of the trade
2) your trading pc crashes and it can’t reboot or hard drive crashed
Solution = ??

I am aware that you can ring your broker which sits thousands of miles away in the US, but the question is , is there a way I can have a backup laptop with ninja trader to get out of the trade or can the trade only be cancelled or flatten from the machine id that made the trade?

What is the most cost effective solution one can follow if you do have a spare laptop.

Thanks

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  #2 (permalink)
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Of course you can use your laptop if there are problems with your pc.

Most important is that your broker offers server-held orders.

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  #3 (permalink)
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Sarasota FL
 
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Trad3r View Post
Hi all just thought I would post this and see if there are any network and tech gurus out there with some good ideas.

If you have taken a trade and a stoploss is in place and
1) you loose power -
Solution = 4G dongle and UPS to the pc = time to get out of the trade
2) your trading pc crashes and it can’t reboot or hard drive crashed
Solution = ??

I am aware that you can ring your broker which sits thousands of miles away in the US, but the question is , is there a way I can have a backup laptop with ninja trader to get out of the trade or can the trade only be cancelled or flatten from the machine id that made the trade?

What is the most cost effective solution one can follow if you do have a spare laptop.

Thanks

If you are using Ninja (and I think most/probably all platforms), your stop is not held on your local PC for action, but has been sent on via your trade service and is sitting in the market. So if your PC crashes, you are not without that protection. If you have some kind of trailing stop or other ATM logic set up, that process does depend on your PC being able to execute it -- meaning, your stop will not automatically move without your computer moving it -- but when you initially put the stop in, it really is in.

Note that if you have something going like an ATM-managed stop and target, or any other type of OCO, both orders are going to be sitting in the market, but the functionality to cancel one if the other is hit resides in the ATM logic on your PC -- which, if it is out of the picture, is not going to cancel one if the other is hit. Which means you could have an unintended consequence: one is hit, taking you out, and then the other is hit as the market reverses, putting you in but on the other side. Oops.

Bottom line: any automated management of stop/target orders does depend on your PC doing it, but the initial orders have really been entered and do not depend on your PC being able to do anything.

So the question is not irrelevant, but is not necessarily as dire as it may have seemed.

Edit: This has been covered a number of times on FIO over the years. You can double-check me (as you should) with an email to NT support to confirm it works the way I said. With that, you definitely should have another way to connect to your account. If you're not sure of whether you can, I suggest putting that question to support also. Don't depend on posters on an online forum for this kind of information, even if they think they are right, or are forum moderators. ( )

Edit 2: some trade services have server-side OCO, which will handle the cancellation of the unused part of a target/stop pair. So you should check this with your broker as well.

Bob.

When one door closes, another opens.
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  #4 (permalink)
Australia
 
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Cheers bobwest, that is a very good explanation!

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Trad3r View Post
Cheers bobwest, that is a very good explanation!

Good. But check the edit I just made to my post about running it past NT support to be sure.

Bob.

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  #6 (permalink)
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To easy mate - I will email NT and say “bobwest” said. Will post back here.

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Trad3r View Post
To easy mate - I will email NT and say “bobwest” said. Will post back here.

Also, some trade services have server-side OCO, which will manage your target/stop cancellation, although not fancier stuff like trailing stops.

So email your broker about that, too.

Bob.

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  #8 (permalink)
Australia
 
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Posts: 39 since Jan 2010
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If an entry order is working with an active Atm Strategy and the order fills and the profit target and stop loss are submitted and enter a working / accepted state, these orders are now on the exchange. If the internet connection is lost after this, these orders will continue working but all stop strategy logic (if selected with the Atm Strategy) controlling the stop loss will cease. The order is still there protecting the position, but any trailing action would stop as NinjaTrader would not be able to communicate the change order requests to move the order.
Once the internet connection is regained, the trailing action would resume.

This behavior also applies to fully automated NinjaScript Strategies.

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  #9 (permalink)
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You know the real answer is to shell out $75 or so a month for a blade server in a managed facility in Chicago.

I happen to have the misfortune of living in the suburbs of one of the fastest growing cities in the US which means when they widen the main roads we will lose our internet service. Do try running your computer on a tethered cell phone. In my case it was pretty close to dial up speeds. Fine for e-mail only. But with the 24 hour allways on facility hosting your software any cheep lap top will control it. And if you lose communication so what the automated stop losses etc function and with way less latency because they have a fast line a couple of blocks from the exchange.

We are going to be living on the road starting this summer in a vehicle that is literally a Faraday Cage. I will be going to the rental server remote thing controlled from a lap top at where ever I can find a table and some internet.

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Market Wizard
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Trailer Guy View Post
You know the real answer is to shell out $75 or so a month for a blade server in a managed facility in Chicago.

I happen to have the misfortune of living in the suburbs of one of the fastest growing cities in the US which means when they widen the main roads we will lose our internet service. Do try running your computer on a tethered cell phone. In my case it was pretty close to dial up speeds. Fine for e-mail only. But with the 24 hour allways on facility hosting your software any cheep lap top will control it. And if you lose communication so what the automated stop losses etc function and with way less latency because they have a fast line a couple of blocks from the exchange.

We are going to be living on the road starting this summer in a vehicle that is literally a Faraday Cage. I will be going to the rental server remote thing controlled from a lap top at where ever I can find a table and some internet.

are you going to be trading on the road? Me and the misses have talked about taking a year to explore the USA but I can't not trade. Been looking at hot spots/wifi boosters but the server idea is a good idea.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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