Futures platform required that:
1. Can be set to Flatten ALL positions at a predefined time.
2. Is server connected so that TPs & SLs will trigger & one cancel all (OCO) function works EVEN when the PLATFORM is disconnected from the internet.
I have Ninja Trader at present, but Ninja is a "Simulated" platform (as it appears all futures platforms are) & relies on internet connection to work. Loss of connection for any reason & TPs & SLs are not triggered......(Chart needs to be running to monitor your current Position and submit the orders)
Ninja is connected to Rithmic R/trader so this is covered to a certain degree. However if I have Ninja set to flatten all positions at 3pm CT this will not happen if the internet is down at the time. There is NO setting in Rithmic R/Trader for this.
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That is exactly why institutions and many professional traders put their mission critical systems on VPS or dedicated servers with service level agreements.
The topic has often been discussed on FIO. Look e.g. for posts by @sam028 who also provides www.speedytradingservers.com .
The following user says Thank You to choke35 for this post:
Thanks mate. I have already consulted with speedytrading servers & they assure it can be done with them using Ninja.
However I plan to be using 3 different Platforms simultaneously so I require 2 more with the "Time to Flatten" facility that Ninja has.
@KiwiOz I can tell you that with CQG (the platform I use) you can set Stop losses and trailing stops (not sure what you mean by TP) and they reside on their servers, so even if you log off they will stay there, and you can set up OCOs on server side as well.
As for a "liquidate all" set for a specific time, I wonder if there is a platform that does that on the server side?