How do Ninja Stops work with Interactive Brokers and GLOBEX?

[Pethar]

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.

[NinjaTrader_Ray]

imported post

Hi Pethar,


Responses to the first two bullet points -

Yes
Yes

Ray