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The Truth: NinjaTrader
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The Truth: NinjaTrader

  #971 (permalink)
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Fred,

One potential problem with exit orders stored on broker's servers is that your exit positions are exposed. It was a serious issue with many MT4 brokers for spot forex as they can hunt your stops.. Not sure about futures brokers like Transact, Velocity futures, etc..

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  #972 (permalink)
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fourtiwinks: i put my trailing stops on the tws server without noticing any irregularities. my concern is a trailing stop that does not execute because of outages. i travel often. when i put a trailing stop into the tws system it will get executed when i am in the aircraft or on the ferry. what happens to my exit trades in nt when i am on travel? the best feature would be a choice in nt. boolean.. your exit trades will be residing at the server of your broker..true/false

it cannot cost that much for nt to program a server sided multi trailing stop. i am sure i am not the only one who needs this feature. there was another thread on this board dealing with exactly that. meanwhile brokers offer a paid service for server sided exits. it should be a standard feature in nt


Last edited by fred1; June 2nd, 2012 at 12:41 PM.
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  #973 (permalink)
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fred1 View Post
1. exit orders do not get stored locally but nt transmits the order to the broker where it will stay and be executed regardless of power outages or connection losses

at the moment i use tws for long term swingtrades and transact for short term daytrades. both software apps are free and both apps allow the execution of trailing stops server sided for no additional fees. why do i still like the nt? it is like an addictive toy and i can afford it..

Exit orders (if you mean standard limits and stops) ARE stored at the broker. See here:
Where do your orders reside? - NinjaTrader Support Forum

Trailing stop, OCO, auto-breakeven, etc. are functions that are usually stored locally. This depends on your broker. If you look on that list you will see that IB, who you currently use, supports native OCO, thus if you use IB through NT you will also have these same order types.

NT can only implement what the broker allows. If they allow OCO functionality, as IB does, they support it. If they do not, then they can do nothing about it except simulate it locally.

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  #974 (permalink)
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fred1 View Post
it cannot cost that much for nt to program a server sided multi trailing stop.

Whose server would hold the stop?

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  #975 (permalink)
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josh: i had the live multibroker ninjatrader and i traded ib and others. at ib my exit orders did not show up. instead tws gave the message: your exit orders will be executed by your external software (something like that).

what i need is a simple order with a two phased trailing stop(or oc and the stop part must be a two phased trailing stop). ib can do a two segment trailing stop. maybe you know how to enter a two phased trailing stop into the ninjatrader in order to get it transferred to ib servers? they call it adjusted stop:
http://www.interactivebrokers.com/en/software/tws/usersguidebook/configuretws/scale_and_adjusted_stop_fields.htm

whose server holds the stop?
it is enogh for me if ib servers hold the stop when i send it from the nt. again: the same stop that the tws holds now, an adjusted stop (two phased)
a trailing stop sitting back 30 points and transforms into a two point stop when a certain threshold is reached

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  #976 (permalink)
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fred1 View Post
fourtiwinks: i put my trailing stops on the tws server without noticing any irregularities. my concern is a trailing stop that does not execute because of outages. i travel often. when i put a trailing stop into the tws system it will get executed when i am in the aircraft or on the ferry. what happens to my exit trades in nt when i am on travel? the best feature would be a choice in nt. boolean.. your exit trades will be residing at the server of your broker..true/false

it cannot cost that much for nt to program a server sided multi trailing stop. i am sure i am not the only one who needs this feature. there was another thread on this board dealing with exactly that. meanwhile brokers offer a paid service for server sided exits. it should be a standard feature in nt

It is possible to connect NinjaTrader to TWS and have both your exit orders held on Interactive Broker's servers.

-> select an ATM strategy with a profit target and a trailing stop
-> activate OCO orders on the Ninjatrader DOM
-> enter your order

Both your profit target (limit order) and your trailing stop (stop order) are now managed by Interactive Brokers and not by NinjaTrader. In case one of them is hit, the other one will be automatically cancelled.

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  #977 (permalink)
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Fat Tails View Post
It is possible to connect NinjaTrader to TWS and have both your exit orders held on Interactive Broker's servers.

-> select an ATM strategy with a profit target and a trailing stop
-> activate OCO orders on the Ninjatrader DOM
-> enter your order

Both your profit target (limit order) and your trailing stop (stop order) are now managed by Interactive Brokers and not by NinjaTrader. In case one of them is hit, the other one will be automatically cancelled.

thanks
is that possible for an adjusted trailing stop on NT as it is possible on the tws without nt?
how do i put an adjusted trailing stop into the nt that will get held on tws and executed by tws ?

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  #978 (permalink)
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fred1 View Post
thanks
is that possible for an adjusted trailing stop as possible on the tws without nt?
how do i put an adjusted trailing stop into the nt that will get held on tws ?

Just enter the trailing stop into the ATM section of the DOM. You need to define a custom stop strategy.

I think that the trailing of the stop is managed by NinjaTrader. I am not 100% sure of this. The OCO functionality is managed by Interactive Brokers. If I am right, you still have profit target and protection in place during a power outage, but the stop will not be trailed, when NinjaTrader is disconnected from TWS.

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  #979 (permalink)
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Fat Tails View Post
Just enter the trailing stop into the ATM section of the DOM. You need to define a custom stop strategy.

I think that the trailing of the stop is managed by NinjaTrader. I am not 100% sure of this. The OCO functionality is managed by Interactive Brokers. If I am right, you still have profit target and protection in place during a power outage, but the stop will not be trailed, when NinjaTrader is disconnected from TWS.


anyway thanks again. i will contact ninjatrader support to find out.
i need both: the stop and the profit taking activities also. at the moment i have both functionalites using tws.
nt needs to offer at least the same functionality to make me use it again live.
travels from canada to asia takes a day and many things happen in a day on the markets. sometimes just one contract means a thousand dollars or more in a day. except for the last days which were exceptional you could only profit if you acted immediately on huge downswings. my stop would sit there and after one day all profits would have gone..

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  #980 (permalink)
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fred1 View Post
anyway thanks again. i will contact ninjatrader support to find out.
i need both: the stop and the profit taking activities also. at the moment i have both functionalites using tws.
nt needs to offer at least the same functionality to make me use it again live.
travels from canada to asia takes a day and many things happen in a day on the markets. sometimes just one contract means a thousand dollars or more in a day. except for the last days which were exceptional you could only profit if you acted immediately on huge downswings. my stop would sit there and after one day all profits would have gone..

then you should consider a virtual private server, which runs 24/24 ....

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