Long term trading

[pandaclub888]

Hello,

I was looking to get some help understanding how to make a long-term trade
e.g. to be in position for a few days/ weeks with an active stop loss and profit target.

Would you be able to advise the best practice/setup to do this?
e.g. would I need to keep my computer and network up 24/7 and what settings would I need to activate

Thank you

[NinjaTrader_ChelseaB]

Hello pandaclub888,

Use the GTC (Good-Till-Cancelled) TIF (Time-In-Force) to prevent orders from automatically cancelling at the end of the session.

Then place the orders and do not manually cancel them.

As long as the account has enough funds (to cover margin) the brokerage will not close the position or cancel the orders due to margin requirements.

It is recommended that you do not walk away from a trade, but once orders have been submitted and are working, these remain working on the exchange.

Below is a link to a forum post that details what happens when NinjaTrader is not on and connected to the account.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/platform-technical-support/101986-brackets-when-offline?p=801886#post801886