"Auto trail" stops question

[ali_chambers]

Hello,

I intend to use NT with Interactive Brokers. I would like NT to send an entry order with a trailing stop loss. I plan to use the NT "Auto trail" stop loss within the bracket order.

Interactive Brokers have a trailing stop themselves, which eliminates the need for my PC to be constantly connected to the internet for a PC-side trailing stop.

Am I correct in assuming that the "Auto trail" stop type sends a server side trail stop order to IB as mentioned - and is not a stop type that is reliant on my PC?

Thanks, Alex

[mrlucky1x]

Also is there a way to know for sure which orders are held locally on my PC versus orders submitted directly to the exchanges servers?

[NinjaTrader_Josh]

There should be a little green 'so' icon indicating simulated orders when you use them on the SuperDOM. I believe the Auto Trail feature itself is run through NinjaTrader and not the brokerage because it constantly adjusts your stop-loss levels. You will need NinjaTrader open during the order's lifespan.

[NinjaTrader_Ryan]

Hi Mr. Lucky1x:

The resting locations of your orders are dependant on several variables including broker, order type and exchange type.

It is first important to understand NinjaTrader Order Status types:

PENDING - Order submitted
REJECTED - Order rejected
CANCELLING - Cancel requested but not confirmed
CANCELLED - Cancel confirmed
FILLED- Order filled
ACP_BKR - Accepted at broker
ACP_XCHG - Accepted at exchange


ACP_BKR (light blue color in DOM) and ACP_XCHG (green color in DOM) are the two states we need to be concerned with to determine order resting location. Whenever an order is ACP_XCHG it means the order is resting at the exchange. Should anything happen to your PC or internet connection your order is still alive and working.

If an order is ACP_BKR it can mean several things.

For Patsystems -

It means the order is synthetic and the order is resting on your PC. If your PC crashes or your internet connection goes down, this order will be lost.

For Interactive Brokers and MB Trading -

It means the order is resting on the broker's order server. If your PC crashes or your internet connection goes down, this order is still alive at the broker. If the broker's servers go down, then the order is not active and potentially lost.

How do I know which order types will receive an ACP_XCHG (resting at the exchange) state?

This is dependant on the exchange itself and what order types they choose to support as native exchange order types. For example, all stop order types on ECBOT are NOT exchange supported where GLOBEX stop order types are.