Flatten Everything vs Close position

[RookieKiwi]

Hey Team,
Bit of a newbie question, im just setting up some hotkeys and i would like to know the difference between Flatten Everything and Close Position hotkeys? i assume they both use market orders to exit any open positions and cancel any ATMs etc correct?

[NinjaTrader_Manfred]

Hello RookieKiwi,

Thank you very much for your post.

The "Close Position" hotkey would only close the position that is open in the currently-focused order entry window.

E.g. if you focus on the SuperDOM and the SuperDOM currently has 1 ES position open, "Close Position" would then submit a market order to bring you flat in the ES.

"Flatten Everything" would do the same, however on an account basis. This means even positions opened in instruments not on the current chart or selected in the current window would be closed until the account itself is flat.

Should you have any further questions, please don't hesitate to let us know!