Interesting. Well it certainly does happen with Sierra.
I presume that forcefully being taken out of the trade when the loss limit has been reached is the desired behavior by TST.
Think about it, you've just reached your loss limit for the combine but you're still in the trade. So you decide to throw every single good trading practice out the window and quite literally go for broke. You increase your stop loss so that it will never be hit, and you just sit and wait to see if the market comes back your way.
My guess is that is not a trader TST will fund, and will certainly put them through LTP at a bare minimum.
Having reached the loss limit you can still continue trading the combine,...however it is just not eligible for review/funding.
You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
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I think the thing is that neither Ninja nor Sierra had centralized risk management controls and reporting built-in, but T4 did. When TsT added Ninja to their lineup, you may remember that it was a long time before it was ready. They were having some sort of modifications made that gave them both the reporting and the risk management they wanted -- and I expect that once they had it, they did about the same with Sierra. So they probably made sure that they got all the rules put in that they wanted to have, but with T4 I don't think they customized anything, just took what was there.
This is a bit of a guess, but it makes sense, considering the different behaviors of the platforms that people are seeing.
Edit: I just looked over the other posts again, and I'm not sure about this explanation, because we have some using Ninja who report that they were closed out automatically in the trade, and some -- @Daytrader999 -- saying they were not. Possibly TsT has made a recent change? Or possibly, my theory is no good?
I hate to give up a good theory....
Last edited by bobwest; July 23rd, 2014 at 04:40 PM.
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Well, since I've been in this situation a few months ago, I really can't say if this still applies to Ninja Trader combines...and to be honest, I'd be glad if I don't have to find this out one more time.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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Please talk a bit more about what happen on that last day. Since you will not do another combine, one of the best lessons here will be what happen and how you plan on correcting the issue that caused you to fail on the last day.
What were the trades that put you down for the day before the last one? What were you thinking? Feeling? How did effect you executing your plan?
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I had a trade earlier in the morning that moved against me and was down 300 on 1 contract......where I had my limit order the trade was actually excuted 10 tics against me but showed a positive amount so I closed the trade and ended up 300 down (something wrong with ninja)....this has happened a couple of times last week and week before. So I was down 300.........took another trade on another instrument and had a good entry.......the trade moved against about 200 dollars and then close......never got close to my stop and ended up being a 770 dollar winner......I trade the ACD method.....opening range........I might do another combine later if needed.......but I made a $620 profit on my live account sense loosing the combine.......Its no big deal.......I'm pretty sure that I read in TST web site or in the squawk room that if your daily loss limit is reached it will close the trade. So that's what happened
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