For Ninjatrader users: If you have a trade placed with stops and targets, and your target gets hit, do you always have to cancel the stop order manually, or is there a way to make it cancel automatically? I've had a couple occasions where I forgot to cancel the stop and price hits it at a later time, causing me to be in a trade I don't won't to be in.
Thanks....i noticed after my last post that you already answered the Question I had. you and your smiley faces. LOL
I actually put those in my posts a lot as a joke I love this one btw :eek: I love to put those :eek: in my political threads....:eek:
Yes make sure you always "clear" all your resting orders prior to shutting down your platform each time.
If you use the ATM to manage the trade, then yes. If you manually set the entry and stop and target with each trade, then no. I always use the ATM and have default settings for target & stop. Once I get my entry fill, I will adjust the target and stop to what I want. This way I don't forget to cancel my stop order when my target hits. I've forgotten a few times on sim to cancel orders only to realize it a few days later and be down 60 points!! LOL Sounds like you aren't using the ATM?
If you use ATM strategy with target/stop it should cancel your stop when target is hit. If you are using middle click for your stop limit order, I think you have to turn on 'oco'