{quote} Setting his : 'show PL' to $$ instead of ticks, to make us al jealous.. Thats where he went
If you fail to plan, you plan to fail.
Ratios & Harmonics: a Different Way to Trade
- #35,661
- Jan 18, 2018 10:35am Jan 18, 2018 10:35am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
- #35,663
- Jan 18, 2018 11:00am Jan 18, 2018 11:00am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #35,665
- Jan 18, 2018 11:15am Jan 18, 2018 11:15am
Ha! I stunk it up this morning.
-24 on YM
Read the charts right pre-market but completely second guessed myself all morning and did everything I could to trade against my initial inclination. Then I had it in my head that the 26k mark was super important. Oh well, onward and upward. I think I certainly learned from it.
-24 on YM
Read the charts right pre-market but completely second guessed myself all morning and did everything I could to trade against my initial inclination. Then I had it in my head that the 26k mark was super important. Oh well, onward and upward. I think I certainly learned from it.
- #35,666
- Jan 18, 2018 11:17am Jan 18, 2018 11:17am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #35,667
- Jan 18, 2018 11:17am Jan 18, 2018 11:17am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
Ha! I stunk it up this morning. -24 on YM Read the charts right pre-market but completely second guessed myself all morning and did everything I could to trade against my initial inclination. Then I had it in my head that the 26k mark was super important. Oh well, onward and upward. I think I certainly learned from it.{image}
If you fail to plan, you plan to fail.
- #35,668
- Jan 18, 2018 11:18am Jan 18, 2018 11:18am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #35,669
- Jan 18, 2018 11:35am Jan 18, 2018 11:35am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #35,671
- Jan 18, 2018 12:09pm Jan 18, 2018 12:09pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #35,673
- Jan 18, 2018 12:20pm Jan 18, 2018 12:20pm
Hi folks,
Just talked to the trade desk at NinjaTrader for a basic question but wanted to make sure I bounced it off some folks with experience on this side of a trading platform.
My question was to confirm what information they held in their servers about open orders in the event that my computer malfunctioned, the power went out, etc.
The rep said that Stop Losses (and I assume Take Profits) are recorded on their servers and I'll be at least protected in that way should I suddenly lose my contact with the data stream. He said that things like trailing stops (moving targets), however, are not kept on their servers but on the user's PC so those wouldn't be in effect.
Is this your experience? So if the lights go out on broadway I'm covered as long as I set a SL/TP?
Thanks everyone for your help.
Just talked to the trade desk at NinjaTrader for a basic question but wanted to make sure I bounced it off some folks with experience on this side of a trading platform.
My question was to confirm what information they held in their servers about open orders in the event that my computer malfunctioned, the power went out, etc.
The rep said that Stop Losses (and I assume Take Profits) are recorded on their servers and I'll be at least protected in that way should I suddenly lose my contact with the data stream. He said that things like trailing stops (moving targets), however, are not kept on their servers but on the user's PC so those wouldn't be in effect.
Is this your experience? So if the lights go out on broadway I'm covered as long as I set a SL/TP?
Thanks everyone for your help.
- #35,674
- Jan 18, 2018 12:47pm Jan 18, 2018 12:47pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #35,677
- Edited Jan 19, 2018 8:48am Jan 18, 2018 3:33pm | Edited Jan 19, 2018 8:48am
- | Joined Dec 2017 | Status: Trader | 1,054 Posts
- #35,678
- Jan 18, 2018 6:53pm Jan 18, 2018 6:53pm
{quote} Scenario #1. You enter a trade and your ninjatrader ATM strategy has built in Stop Loss and Take Profits setup. a. In this case your trade is opened with your broker, your stop loss order and take profit orders will be placed on your broker's server. aa. A computer crash would have no effect on these orders b. If you are using a trailing stop order, understand that is local to your ninjatrader platform and is not on your broker's server. bb. A computer crash would prevent your trailing stop from executing
Good stuff.
I have a follow up for you with your Scenario #1. So if I'm using the ATM to set my SL and TP it presents itself on the broker server. As I adjust those levels during the trade are they updated on the broker server as well? If I have moved my stop to break even does it register on their end or is that only for the original ATM transaction?
It sounds like no matter what if I lose my connection through one problem or another I had better be prepared to call the emergency trade desk and either go flat or otherwise manage the trade person to person.
Things sure have changed. I remember my dad in the 80s and 90s ordering his coffee futures charts through the mail, drawing his trend lines, etc, and calling in his orders to his broker. He had emergency instructions on his desk in case something happened and mom needed to call the broker to close out positions, otherwise "We're going to get a truckload of coffee dumped in the front yard," he would say
