Search results

Never use the auto trail feature or IB plain stop orders in general. There are well documented problems with them. You are not the first to have this happen and won't be the last. Use stop-limit orders instead (stop with a wide limit) as they are held native so I'm told, although the...

I told you all this issue keeps coming up :-) In short, do NOT use IB "stops" either as auto trail or anything else. Such orders rest on IB servers which is an inherently flawed way of handling them. Only use their stop-limit orders to create a synthetic stop order (i.e. stop with a wide...

Def, I appreciate the informative reply and suggested workaround for getting (simulated) stops held on Globex. I realise that "technically" stops are not accepted by Globex but other brokers just automatically enter a stop +/5-10pts limit for you, without you knowing about it. The effect to...

Suppose there are 9 contracts bid at 830.25. Suppose there are 9 individual sell stop orders sent by other people resting on globex at 830.25 ...all of which are timestamped as arriving before your order does. All these orders have to be fillied before you can be. Agreed that if there are 10...

I've no idea what they knew but I think the required reply is: "If IB didn't fill their stop orders which the system accepted as working, then they have a legitimate grievance" not (to the effect of) "it's their own fault for not knowing that IB stops are a joke". Boy oh boy, what will it...

Maybe we should all just roll over and never criticise our brokers or their software. That will lead to improvements I'm sure. I have colleagues who got badly burned last Friday when they had entered stops on IB and never got filled. Sorry if that upsets the apple cart for some folk. Some...

This is degenerating! You have to enter two different prices for a stop limit don't you? It's obviously slower to modify a stop-limit order than to modify a plain stop order. The truth is also that many IB traders will not be educated enough to only use stop-limits for protection, because they...

So we're agreed then. With IB you can either use a plain stop order and change it quickly, or use a stop-limit limit order and go through the hassle of what I described. Which takes us back to the issue why IB stops orders are a problem. I get the sense that you don't read what I write...

With all due respect Quah, I doubt you are a real short-term ES trader if you claim to change a stop-limit order in less than a second. If you accept the view that IB plain stops are terrible (for reasons previously outlined) and you attempt to use their stop-limits as an alternative trailing...

Quah Re-read my initial posts. Yes I know what the asterix is for in J-Trader. Not all versions of J-Trader can send to Globex but some versions can. You're looking at one that can't. PAY ATTENTION!

Quah, Oh dear oh dear. Obviously I am talking about stops that other brokers AUTOMATICALLY send to Globex as stop + 5 or 10pts limit. We all know how Globex works don't we? (only taking stop-limits). To the end user such idiosyncracies are invisible. The stop looks and smells like a plain...

The bottom line IMHO is that until IB lets you send stops (which can be quickly modified) direct to Globex ...they will stink for futures traders. I have never in my life heard of a futures trader complaining that the price went through their stop and they weren't filled. Except at IB...

One guy replied "use stop-limits instead because IB does send them direct to Globex" to which I wrote: Except you have the hassle/delay of having to always enter two separate prices, one for the stop and one for the limit at a far enough away price to guarantee a fill (to simulate a stop...

Seeing if I can collect any flames from all you ill-informed IB lovers out there! Re-posted from another forum where people had complained about their IB stop orders not getting executed; my opinion on IBs handling of futures stop orders: Why any futures trader uses IB is beyond me given the...

This is true, positive slippage can also occur when there is a delay in execution. But as a professional trader, one has to ask the question: who wants this uncertainty in their life? With a stop order native on Globex, 99 times out of a 100 you will be filled at that exact price. Your risk is...

Last time I looked into IB regarding stop orders, they only held such orders locally on their own servers i.e. your order is NOT sent directly to the CME servers where it would be timestamped/queued/prioritised accordingly. In effect, IB only sends your order to the CME after the stop price is...

Well, I was hoping for an answer first! An asterix means that the order is held locally on your PC and not held on the exchange servers. The so-called "advantage" in this is being able to 'hide' your stops. I consider it a major disadvantage because the 1-3 seconds resulting delay in executing...

Mark, Can you do me a favour and log into J-Trader and with symbol ES or NQ, go to the futures order pull-down menu. Next to the "Stop-Limit" order, is there an asterix or not? Thanks.