IB didn't execute my stop, maybe they reinstated rule "last is not last"

[def]

Quote from mon:

I checked my settings they are sent to last

also several of my ES and YM trades this morning executed without any delays

there is no need to contact IB, even IB is allowed a mistake once in a while

I was concerned IB started messing with definition of LAST again, everything seems to be OK so far

thank you for your response

I appreciate the understanding but if it does happen again, please do send a request to CS to look into it as we should be able to determine whether or not a stop should have been triggered or there was an error in routing an order to the exchange.

Now correct me if I'm wrong but aren't YM future stops native on the exchange level? Thus if sent to the exchange then the exchange would have to be contacted if you believe it should have been triggered.

 

[OldTrader]

Quote from mon:

I don't know if you trade or not

but you couldn't be more wrong, target price is target price is target price is target price

I hope that is clear enough

So let me get this straight: you had a "target price" so you entered a "stop order" at your target price? LOL!!!

You sure that wasn't a limit order you entered at your target price? One that didn't execute when YM traded at your limit?

By the way, I've been trading for close to 40 years. How about you?

OldTrader

 

[def]

if the order is native to the exchange, the exchange controls the trigger. if it is a simulated stop (ie. not native to the exchange), the ib triggers come into play.

 

[DAV]

Quote from monl:

thank you for clarifying, can you please post here for benefit of all traders to see (vast majority here trade with IB)

Does IB still use 3 requirements to define LAST TRADED price ?

Yes we do.

 

[brocklanders]

Quote from DAV:

Yes we do.

There was a long thread a few months back and I thought that these were removed.

edit: here is the thread I was referring to

http://www.elitetrader.com/vb/showthread.php?s=&threadid=163833&perpage=6&pagenumber=13

 

[DAV]

Quote from brocklanders:

There was a long thread a few months back and I thought that these were removed.

edit: here is the thread I was referring to

http://www.elitetrader.com/vb/showthread.php?s=&threadid=163833&perpage=6&pagenumber=13

The issue from that thread was a strict rule that applied to conditional orders. It was not working correctly and we fixed it.
As Def stated in that thread, the rule is in place only to protect stops from large, rapid moves caused by big block orders.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=163833&perpage=6&pagenumber=8

 

[moarla]

youshould stop your bullshit, idiot, "IB for years", or what else names you are using

 

[kostia00]

Quote from monl:

It would trigger: the bid/ask check allows last to be outside of bid/ask by 0.5%, which for $24 stock is $0.12.

Quote from monl:

you are lying anyone can go through that thread and see for themselves

DAV is absolutely correct in his posts.

 

[GTC]

For 2 different IB stop orders placed in 2 different occasions, is it possible to place one stop order using "Last" method and another using another stop-trigger method (e.g., Bid/Ask, etc.)?

 

[kostia00]

Quote from GTC:

For 2 different IB stop orders placed in 2 different occasions, is it possible to place one stop order using "Last" method and another using another stop-trigger method (e.g., Bid/Ask, etc.)?

Yes, you can control the trigger method per order.