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Simple for Rithmic Users of NinjaTrader: You Trade as usual on NinjaTrader.
when it comes to OCO you place it on RTrader and in that case it will reside on the Rithmic servers.
your computer goes down, your net drops, BUT your OCO will stay.
Of course that Rithmic servers could go down too, but their stability isn 999% higher than any home PC.
RTrader is Free, and it will show your Net/Net positions you trade on NinjaTrader in a clearer way.
I recommend using it with any platform that utilizes Rithmic.
I know this must be the 10Th time I have mentioned here about Rtrader, but I see that these OCO issue is coming again and again with my customers as well. The net simply drops, when it does...
Alternatively, you can use a hosted solution which as the very least gives you an environment that is not cluttured with all these indicators that simply slow down and crash your comp.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
It is good to know where your orders reside. When you understand how that works you can respond with a telephone call.
When there is an issue just call the trading desk. You can request a manual fill notification in the event you have a hanging innie at which time you can close the trade or give your stop to the desk. If your targets or stops are hanging when the screen goes black, just call the desk and leave your orders there..."these cancel those " if you have to. Most desks will work with their customers even in the oddest of situations. If you are at a broker where you are certain they are working against your orders on the desk, go to a different broker.
To test how this might unfold call the desk when everything is fine and tell them there is an outage on your end...ask what your options are and make your crisis mgmt plan based on that.
All orders (including OCO orders) submitted by NinjaTrader are sent to the broker/exchange with the exception of our optional feature, the NinjaTrader simulated stop order for which you can find information at the link below.
All orders for CQG are sent to the exchange. The reason we specify the order state is that this makes it clear to the user that if the order is in "PendingSubmit" state it has been sent to CQG but NinjaTrader has not yet received confirmation that CQG or the exchange has received it. OCO link is simulated locally on your PC. We are working with CQG to have OCO resting on CQG servers. We expect this to be out later this year.
I would debate that Rithmic servers are 999% more stable than a PC. We have many customers including members in this forum that run NinjaTrader with locally simulated OCO on home PC's and VPS and have very high up time.
@ThatManFromTexas
Thank you! I REALLY appreciate your kind words.
When you make your daily bread from people taking risk with their hard earned $$ what else is for a broker to do but help when needed?
Now...
The sad part that today brokers have becoming nothing but sales people of software.
All claim their software is the best on the planet when in reality they don't understand even simplest of functions.
I have been also in the school of "how many have you sold today?" before Optimus, and I swore that this is not how
I want to continue. In my brokerage, If my broker cant support a platform , then he can not solicit business for it, period!
It might seem that I "push" rithmic because of sales efforts, but in reality Rithmic allows me to see what the person
trades, his net/net and assist him in a timely fashion. Rithmic staff helps me as well tremendously.
As a broker I am also a client to software vendors, data feeds, net solutions, etc I know that I will NEVER give my money to someone who does not deserve it. I want to feel that I a customer and not just a quota to be filled. It would be quite hypocritical if I did not apply the same philosphy when I am on the other side, namely when I want too earn business.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
If you read my thread, I did mention in the end a VPS is recommend over a PC.
Secondly, OCO orders on a Rithmic server would have a better chance being held than a local PC.
Rithmic has Prop shops with millions of $ that rely on their servers, so I do trust their infrastructure.
I did not tell anyone to switch to Rtrader, as it does not have all the functunalities that NinjaTrader has.
You know that we @ Optimus always supported your software and will always do because we DO like it a lot.
All I am saying is to deploy another side of risk management.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I hope you can do that for our customers in the future as well.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Actually it can be worse than that. If you had orders sitting at the exchange for your Target and Stop, then unless you are using IB then I think for everyone else (?) they are not native OCO, which means not Exchange side OCO.
This means that while you are off-line, if the market runs to your stop or target, that order will be filled and you will be flat. Until the market moves to the other side of your position (your stop or target), which will initiate a new naked position without any stop or target.