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LSJ

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Posts: 515

Joined: 8/17/2006
Location: Citrus Springs, FL

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Subject : RE: Stop orders executed as market
Posted : 5/16/2018 7:49 PM
Post #44698 - In reply to #44693

I used the trade manager to place a trade with a stop buy, a stop market loss stop and a limit profit stop using the appropriate condition for each. The trade places as it should in the OT paper acct. The very same trade, with the stop loss as a broker stop transmits to IB and shows the stop buy order and the accompanying broker stop loss order. Within a few seconds IB cancels the order and OT gives the error message that I can't short in an IRA. Somehow in the translation IB is not seeing this as a stop to a long trade and sees it as a short and rightfully cancels since this is an IRA.

I've tried with using no conditions and just fixed price levels and with the appropiate fixed loss and fixed profit conditions and the problem is the same.
Whether I use a trade plan or the trade manager something is haywire and I can't figure what it is.

In the previous example I placed a single trade with the trade manager with no stops or limits and it executed except for executing at market and not at the stop.

It seems to me there is something wrong with the way the brokerage connection is working (or not).

What steps can be taken to isolate or troubleshoot this situation?

(TraderMike - thanks for the suggestions but yes, I am aware of that.)

[Edited by LSJ on 5/16/2018 7:51 PM]

Deleting message 44698 : RE: Stop orders executed as market


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