Steve2 Elite    Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD  User Profile | [Update: This behavior is no longer correct. See Barry's post below] When you have used most of your buying power and OV generates both closing and opening orders, it is possible for your broker to reject one or more opening orders because they may cause a margin violation since there is no guarantee that the closing orders will be executed before the opening orders. The Delay Opening Orders checkbox provides a way to ensure that closing orders will be executed before opening orders. To do this, you need to configure your order submission window to enable orders to be submitted prior to market open. This will cause TP to submit closing orders as MOO. With Delay Opening Orders checked, TP will not submit the opening orders until the time you specify. So the trick is to set the opening order submission time to some delta after market open that will give you a very high probability that all closing orders have completed execution. I have always used 9:35:00 as my opening order submission time and have never had an opening order rejected. I typically have buying power configured to 190% and TP Max Equity set to 200% so TP will always submit the trades that OV generates. Steve [Edited by Steve2 on 5/18/2016 2:45 PM] | |
