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The following 3 users say Thank You to Big Mike for this post:
i completely agree, this is a risky profession, but there's no reason to take unnecessary risk. booktrader is capable of that protection, so its not like it can't be done, i was just wondering if anyone knew how with ninja trader. i actually really like booktrader, i just need an alternative now that they don't support one click order entry.
The following user says Thank You to 393mach1 for this post:
Ah sorry, I thought by reading your post that you needed protection if you could not get back your computer up and running. That's why I replied speed dial, but you said it was complicated because you live in NZ.
Agreed, there is probably a way to force NT to simulate the original order as well. That way, NT is watching the market from your PC and if it looses a connection, it will not be able to place the order so there is no need for the OCO.
The problem with this approach is you may experience more slippage due to market movement. Also, I don't know if DOM allows this on the original order. I can simulate this approach as a Strategy (I am a coder).