Automated trading question - where do the orders "live" ?

[Justin T Fanning <justin@xxxxxxxxxxxxxxxx>]

Hello,

I have an automated trading question - where do the orders "live" ?

Assuming I am in an open long CME/Globex futures position at x, I want  
to take profits at x+20 or stop losses at x-10, where do these orders  
live?
I.E. Do I have to keep TS running 24/7, does the order live in the  
Globex order book or does TS hold the order and release at the  
requested price?
Does any documentation surrounding this exist that I can read more on ?

Thanks !!


Justin