IB - Any way to auto cancel all orders upon loss of connectivity?

arl · Feb 23, 2006

I am paranoid about losing my power or internet connection, is there any way to program IB to autmatically cancel all my orders upon my TWS losing its connection to the server?

bundlemaker · Feb 23, 2006

That wouldn't make any sense. You'd end up canceling any protective stop orders also. Far better idea is to add an OCO to every initiating position as a default. That way, even if you got filled on an order when you were offline a protective stop would immediately be in place.

larrybf · Feb 23, 2006

i pay $30 a month for t mobile wireless.........that is my insurance method........never had to use it yet..........

arl · Feb 23, 2006

Quote from bundlemaker:

That wouldn't make any sense. You'd end up canceling any protective stop orders also. Far better idea is to add an OCO to every initiating position as a default. That way, even if you got filled on an order when you were offline a protective stop would immediately be in place.

I don't use stop orders, and an OCA would not work for my purposes.

Lamont_C · Feb 23, 2006

Quote from arl:

I don't use stop orders, and an OCA would not work for my purposes.

Reconciling paranoia with a reluctance to use stops might be a problem for you . . .

s_c · Feb 23, 2006

tell the help desk to set

retainorders=0

or at least tell them what you want.

s_c · Feb 23, 2006

it might depend on the type of acount though, i'm not sure.

Big Game Hunter · Feb 23, 2006

So larrybf, in the event of a disconnect they will page you/call you right? What is the Tmobile for exeactly? Is that mobile broadband? Are you planning to track your order or what with it?

IB Salvatore · Feb 23, 2006

There is nothing available within the TWS to make that configuration change, but if you send us a Trouble Ticket with the request we can set that feature in place.

arl · Feb 23, 2006

Quote from IB Salvatore:

There is nothing available within the TWS to make that configuration change, but if you send us a Trouble Ticket with the request we can set that feature in place.

Excellent, I will file one immediately, thanks for your help.