IB stop order not executed

[alanm]

Since I only occasionally trade YM (usually as a hedge), I might have been hit by the same problem in this situation.

Shouldn't TWS make it clear to the user that the order will not trigger outside RTH, even though they've told it to do so? Why doesn't IB do a simulated stop-market in this situation?

 

[def]

fyi, in the current beta:

New Status Trigger Clock Icon for Trigger Method

For all situations that use triggers, including stop orders, conditional orders and alerts, TWS has implemented a Status Trigger Clock icon. When visible in the status line, the icon indicates that an order will not trigger outside regular trading hours. If triggering for a specific order is available outside regular trading hours, double-clicking the trigger clock will open the Trigger Method dialog box. You can then check the Time Restriction box to allow triggering outside RTH.

AND

TWS now includes two new order states and two new order status colors.
Color Description
PALE PURPLE indicates that an order has been accepted by the system (simulated orders) or an exchange (native orders) but that currently the order is not working, due to system, exchange or other issues. When the order becomes active, the order status color will change appropriately.
BURNT ORANGE indicates that a cancellation request has been accepted by the system but that currently the request is not being recognized, due to system, exchange or other issues. At this point, your order is not confirmed canceled. You may still receive an execution while your cancellation request is pending.

 

[Xenia]

Quote from buzzy2:

Brokers are still implementing the new order types. Some are
offering the new functionality already, others are still working on it.

Thank you.

Any confirmation from IB that they still use simulated stop orders with ECBOT (R9.0) ?

 

[jficquette]

Quote from AMAT:

even I have checked the "triger outside RTH" box.

I am trading YM around 9:15, I saw the market penetrated my buy stop market order all the way up 10 points above my triger price without execution.

Does anybody know why? thanks

I have had 5 occasions in the last two weeks where the prices traded thru by price by as much as 40 cents with filling me.

To get it to work after hours you have to start from scratch with an order and go to the tab to uncheck the rth and put gtc in the time. You have to do all of that before you hit transmit or else you will get the mismatch error and it will not work.

I hate ib and the only reason I use the bastards is because of the way they handle margin.

John

 

[dcriese]

Quote from IB Salvatore:

CBOT (E-CBOT)
Stop Orders and Stop-Limit Orders: Stop orders and Stop-Limit orders are not supported by the E-CBOT. Interactive Brokers provides customers with simulated stop orders and simulated stop-limit orders. Orders can be placed at anytime during trading hours.

Special considerations for market and stop-market orders: IB defines regular trading hours (RTH) for ECBOT to be 09:30 – 17:00 EST (or the time of closing of open outcry trading for a given contract, if earlier). ECBOT defines the day session to commence at the beginning of the open outcry session. This has important implications for stop-market orders for contracts that commence trading prior to 09:30. Specifically, stop-market orders will not trigger prior to 09:30 EST. Customers wishing to use stop orders should select stop-limit orders and ensure the ‘trigger outside of RTH flag’ is activated.


ECBOT defines valid ranges for trade executions based on their definition of “fair market value”. Trades outside these ranges will be cancelled by ECBOT and they impose a severe $1000 USD per event penalty and these penalties can increase to $5000 per event. Customers must be aware that orders submitted at prices outside the ECBOT’s allowed ranges will generate a mistrade penalty and these will be passed on to the customer.

Closed daily from 17:00 - 20:40 and 23:40 - 00:15 ET for CBOT/IB daily maintenance.


http://www.interactivebrokers.com/en/trading/usFuturesStopOrder.php

Dear IB Salvatore, per the CBOT, stops became native on the ecbot on October 10, 2005. see http://www.cbot.com/cbot/pub/cont_detail/0,3206,1027+31618,00.html
I emailed IB customer service last week to ask if we would be able to use the native stops through the TWS platform. The answer was no, without an explanation as to why. Could you please explain why we will not be able to use native stops now? I would like to be able to use them during all trading hours, of course.
Thanks

 

[def]

Quote from dcriese:

Dear IB Salvatore, per the CBOT, stops became native on the ecbot on October 10, 2005. see http://www.cbot.com/cbot/pub/cont_detail/0,3206,1027+31618,00.html
I emailed IB customer service last week to ask if we would be able to use the native stops through the TWS platform. The answer was no, without an explanation as to why. Could you please explain why we will not be able to use native stops now? I would like to be able to use them during all trading hours, of course.
Thanks

i know programmers were working on it so if not available by now, they should be available very soon.