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Flatten or Close to get out quickly as price touches ATM Stop?

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    Flatten or Close to get out quickly as price touches ATM Stop?

    Hello,
    I trade Using the ATM which has a trailing stop. On a couple of occasions, as price pulled back to touch my trailing stop, but the position had not signalled close, I pressed close. A message came up to say that I could not close as the order was already in, then when the close came into effect with the ATM, I found that I had also been filled with the same number of positions in the closing direction, as my pressing of close had created an order. I then have to close these, usually with a small loss. Is there a way to stop this behaviour (that is, if the close order is already in, why does it need to fill me with another close order because I have pressed close), or should I be pressing FLAT?

    Thanks

    #2
    Hello,

    Thanks for your post.

    The close command sends a market order, if you click it many times in quick succession it could send multiple orders, which may leave you in a position in the opposite direction you were in. This occurs because the close command submits a market order on the other side of the market to exit you from your position.


    You can find more information in the In flight executions section of our help guide here:
    https://ninjatrader.com/support/help...trading_wi.htm

    Please let me know if I may be of any further assistance.

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