OmniVest Forum OmniVest Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


This message cannot be deleted. It is the first message of the thread.
Administrators or moderators may choose to delete the entire thread


 
Steve2

Elite
5001001002525
Posts: 750

Joined: 10/11/2012
Location: Annapolis, MD

User Profile
 
Subject : TP: User Control of Order Type
Posted : 9/30/2016 8:19 AM
Post #36525

As discussed elsewhere in the forum, IB will reject a MOO order if the order size is greater than 10% of the average daily volume of a symbol on the exchanges that IB uses to trade that symbol. TP automatically submits MOO orders prior to market open and market orders after market open.

Currently when this situation happens, the user must wait until after market open to have TP resubmit the order as a market order. This is inconvenient for the user and in some cases it may not be possible for the user to be available at market open to have TP resubmit the order.

This is a request to expand the right-click list on the TP Opening Orders tab to include options for specific order types. For example, one could replace the "Enable ALL For This Symbol" option with "Enable MKT Order For This Symbol" and "Enable MOO Order For This Symbol". This would allow the user to specify that a market order be submitted before market open and eliminate the need for the user to be available at market open to do this.

As an aside, 4F did not fix the problem that the reason for IB order cancellation is not being displayed in the TP Message field. The user is forced to dig it out of the IBG logs. Hopefully, this can get fixed in the next TP release.



Deleting message 36525 : TP: User Control of Order Type


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.