SteveL Veteran   Posts: 189 Joined: 10/11/2012 Location: Boulder, CO  User Profile | See the "Questions Regarding GXT Transition to Gar Wood" thread for earlier discussion of this problem: http://www.omnitrader.com/currentclients/omnivestforum/thread-view.asp?threadid=7737&posts=68 Keith M. asked: "... and opening orders placed as market orders 15 minutes later?" Answer: No I have observed the following behavior: All orders are submitted at the same time, and there is no attempt by TP to retry rejected orders. Opening orders are not submitted after closing orders. The "Delayed Opening Orders" function does not work. Period. The consequence is that opening MOO orders which exceed the available equity in my IRA are rejected immediately by IB, and TP does not attempt to resubmit those orders after the market has opened and closing orders have freed up equity. When I have set my order entry time to 30 seconds after market open, the orders have been accepted and executed successfully (I think opening and closing orders had the same timestamp, but I'll have to watch timestamps more closely to confirm that). Mark H. has experienced at least one case where his open order failed when submitted after market open due to insufficient funds, even though it would have succeeded if the close orders had completed first. Personally, I have not yet experienced that particular result when configuring TP to execute the orders after the market has opened. [Edited by SteveL on 9/6/2016 8:04 AM] | |
