SetStopLoss- meaning of bool simulated

[zachj]

Can you dumb this down for me, for the SetStopLoss statement below it says "If true, will simulate the stop order and submit as market once triggered". I'm not quite understanding what that means. And if set to false what will it do and does it make a big difference?

SetStopLoss(string fromEntrySignal, CalculationMode mode, double value, bool simulated)

[NinjaTrader_JC]

Hello Zachj,

Setting the bool "simulated" to true will make NinjaTrader use a Simulated Stop order which is a conditional locally held (PC simulated) order type that allows you to execute a market order once the market touches your order price. So one of the major benefits for this is that it will hide your stop loss order from the market, but since it is locally held there are some risks that your order may not be filled if your PC crashes or you have internet trouble.

Here is a link that goes over Simulated Stop Orders that you may view for more information.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?simulated_stop_orders.htm