IB and over night trades on ES?

N

nasdaqmadness

I Want to do some evening session break out trades on ES and I have read in some thread that you cant use a stop order but must use a stop limit for over night trades with IB. Is this true?
 
Quote from nasdaqmadness:

I Want to do some evening session break out trades on ES and I have read in some thread that you cant use a stop order but must use a stop limit for over night trades with IB. Is this true?
More...

Stop-limit orders are native to Globex, and you can use them at anytime.
If you want to use stop orders overnight - these are simulated by IB, and you will need to configure your TWS in order for them to work. You can do this, via Configure>>Order>>Stop Trigger Method
 
is that when Globex reopens

at midnight EST

a trader still has to wait 1 more hour

for IB to reset and open up for business

I would guess that there are some other firms out there
that are open for business when globex reopens

:(
 
hong kong office just told me you can offset and liquidate
using market order if needed in the 12 am - 1 am EST time frame

and they might even waive the $30 order desk fee

:)
 
Quote from SethArb:

is that when Globex reopens

at midnight EST

a trader still has to wait 1 more hour

for IB to reset and open up for business

I would guess that there are some other firms out there
that are open for business when globex reopens

:(
More...

Yes, there's not too much we can do about that until we have a 24 hour system - which is being worked on. Your only other choice is to switch servers to the Hong Kong server which shuts down at 3pm EST for about 20 minutes. For closing orders you can also place them by phone
 
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