Pethar
02-19-2007, 11:34 PM
BACKGROUND:
I trade EUR/USD on GLOBEX using Interactive Brokers.
This question relates to understanding EXACTLY where a trade resides once it is executed by my NinjaTrader rules.
The aim of the question is to mitigate risk should I lose connectivity to the Internet. I want to be sure that the Profit Target or the Stop will work autonomously if I have no Internet connectivity.
QUESTIONS:
When a Limit buy order is placed simultaneously with a Stop AND Profit Target using NinjaTrader Advanced Strategy Management:
Are all 3 orders (Limit, Stop and Profit Target) immediately placed into the relevant queues directly on GLOBEX via Interactive Brokers?
If the above is true, do I assume correctly that GLOBEX then handles the trade executions automatically under its rules, assuming I have lost Internet connectivity?
If not, where do the orders actually reside and under what conditions do they trigger an event to Interactive Brokers to execute the Stop or Profit Target (assuming I have a live EUR/USD position, but have lost my Internet connectivity?
Any help with clarifyingthe abovewould be much appreciated.
I trade EUR/USD on GLOBEX using Interactive Brokers.
This question relates to understanding EXACTLY where a trade resides once it is executed by my NinjaTrader rules.
The aim of the question is to mitigate risk should I lose connectivity to the Internet. I want to be sure that the Profit Target or the Stop will work autonomously if I have no Internet connectivity.
QUESTIONS:
When a Limit buy order is placed simultaneously with a Stop AND Profit Target using NinjaTrader Advanced Strategy Management:
Are all 3 orders (Limit, Stop and Profit Target) immediately placed into the relevant queues directly on GLOBEX via Interactive Brokers?
If the above is true, do I assume correctly that GLOBEX then handles the trade executions automatically under its rules, assuming I have lost Internet connectivity?
If not, where do the orders actually reside and under what conditions do they trigger an event to Interactive Brokers to execute the Stop or Profit Target (assuming I have a live EUR/USD position, but have lost my Internet connectivity?
Any help with clarifyingthe abovewould be much appreciated.