IB's new limit on open orders

B

Bob111

Hi! i was trading envelopes and opening for years. this type of trading involves lots of open orders. Suddenly IB put limitations on it. no more than 300 from today. i don't know, if just me or all accounts are also affected, but my question today-is there any other brokers, who have DDE,API or whatever + did not reserve the money for every order you place, even before it was filled?

Thank you!
 
Same thing happened to me today. I put out about 900 orders pre market and got a new pop up notification that I had too many open orders and had to wait for some to cancel before submitting more.

This caused TWS to lock up, which affected other programs which meant I had to re-boot my machine as the market was opening. This is a major pain in the ass and I would think would be a big problem for many automated traders at IB. Hope they do something to make the situation better, and soon.
 
Ditto here. I had to click that blasted dialog for at least 500+ times, while TWS was blocked. At least they could send the error message through the API -argh!

Do we know that the number is 300? I didn't see that in the error messages.
 
Yup, I'm hit this limit too..

Come on IB. What's this all about? I can load a full indexes worth of symbols into the basket trader, but I can't actually submit orders on all of them?


Here's hoping IB remove the limit, or at least raise it to a sensible level without delay.
 
Of course there's no limit to the number of accounts you can have..

It's a pain though. I run a system on the S&P 500, and if would be daft to have create a second account just for symbols starting from M onwards.
 
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