40 limit order signals but only have 10 positions available

That would no longer be the strategy that he wants to deploy, obviously. Look, I've wasted more than enough time engaging with you. You're clearly more interested in arguing (trolling) than in helping. Over and out.
 
mhparker said:
That would no longer be the strategy that he wants to deploy, obviously. Look, I've wasted more than enough time engaging with you. You're clearly more interested in arguing (trolling) than in helping. Over and out.
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Yeah, I too have wasted more time than is necessary in understanding such an illogical posting. Forget it! I better should not participate in such dumb discussions of illogical non-programmers, really.... :) Case closed, byeos! :-)
 
thecoder said:
Hmm. but he writes the following, and I think he does not understand that the problem is his position size of 10k, and not the 10 positions he seems to think... :) If he takes position size 5k then he can place 20 positions... he even can use all 40 by splitting the avail capital accordingly... simple allocation maths...
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I suggusted the same previously. But this was not what the OP was looking for.
 
JamesJ said:
Why don't you just add a condition to the 40 limit orders.
E.g. Limit 10 for stock ABC with condition ABC Last <=10.02.
Order will be held by IBKR and only sent when ABC below 10.02.

This way you avoid having too many active orders and only the ones likely to fill will be transmitted.

This can be done easily in the order ticket.

PS: you might even improve your fill quality by controlling for large moves in a benchmark index. You probably dont want buy fills when overall market slides...
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Sorry, I got busy with other things and didn't pay attention to this thread. I didn't think it would generate so many responses. Thank you so much to everyone!

I did try this with IB, to place more than 10 conditional orders that would only send limit orders if the price came close such as what you say, <=10.02. However, IB looks at the conditional orders in the same way as the limit orders in that as soon as you place more than 10 conditional orders of $10,000 each on a $100,000 non margin account, it won't allow you to place any more of them.

However, if you think it can be done, I'll look at it again to see if it is possible. This would be the easiest solution for sure as it would avoid a lot of complicated automation.
 
I think I've figured out how I can make my 40 limit orders of $10,000 each on a $100,000 non margin account. It looks like Limit if Touched or LIT orders will work on Interactive Brokers. I tried issuing more LIT orders than the funds available in my account and it seems to work.
 
Sorry just read this thread and was about to say LIT orders.

I do exactly that 40 orders to fill 10 spots at 10% of portfolio. I have rarely had a problem although during excess volatility it seems IB can tighten restrictions i think. I have only seen that in the Australian market though. But on a big gap day like Val said you could fill all 40 with the pattern day trade margin
 
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