OmniVest Forum - Questions on Using the Trade Processor
Clarification on TP warning dialog

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kmcintyre

Posts: 890

Joined: 10/11/2012
Location: Portland, OR

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Subject : Clarification on TP warning dialog
Posted : 5/21/2016 2:14 PM
Post #35929

Yesterday I installed the new TP 4D (as well as the current IB Gateway version). Last night I went to shut down the TP and saw a new dialog box (AFAIK).

"The Trade Processor will submit enabled orders immediately if restarted within the configured trading hours."

I checked the settings dialogs and didn't see any new controls wrt this behavior.

So what I think this means is that I can shut down TP without fear of any order processing occurring immediately. But I should be aware that if I restart TP during the order submission window, pending (active) orders will be immediately placed without user confirmation.

So if I anticipate restarting during order submission hours, and think I might not want orders immediately placed, I might want to disable all pending orders before quitting TP (???).

Correct?

(I typically shut down TP and IBG on Friday afternoon so I can run windows update, java update, and avoid the IB shutdowns the happen Friday night. Then I restart TP/IBG Sunday evening, outside the order submission window. So I don't think any of this applies to me...)

Thanks

Keith


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Barry Cohen

Posts: 1844

Joined: 10/11/2012

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Subject : RE: Clarification on TP warning dialog
Posted : 5/23/2016 12:49 PM
Post #35931 - In reply to #35929

Yes, that's exactly what it means. You described it perfectly.
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James McNeill

Posts: 68

Joined: 3/8/2013
Location: Victoria, BC, Canada

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Subject : Trade Rejected
Posted : 3/16/2017 12:50 PM
Post #36733 - In reply to #35931

I recently had a trade rejected by TP for the following reason.

"Broker: Order rejected - reason: Not allowed to open a position: RejectIfOpening"

What does this mean ?
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Barry Cohen

Posts: 1844

Joined: 10/11/2012

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Subject : RE: Trade Rejected
Posted : 3/20/2017 10:42 AM
Post #36735 - In reply to #36733

James, that's a specific broker rejection message from IB, so I don't have that information. If you contact IB, they should be able to give you details about it if you can tell them the symbol & date/time.


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