Interactive Brokers not sending limit order to the exchange?

i960 said:
I took bad slippage *due* to using stop market orders which are hosted on IB's servers. I haven't taken bad slippage due to stop limits. This is why I use stop limits with a broad range (approaching the protection band) now - as IB is simply sending the same thing with a simulated stop order. The difference is my stop limit is on the exchange and will kick in much faster than it takes IB to get the current last and submit a stop limit.
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Wait.... so the CME supports STOP-LIMIT orders, but not regular STOP orders (you call STOP-MARKET) ?
 
i960 said:
Go to TWS configuration. Type in "overfill" in the top left search input.

Go to every single futures related order preset and validate that overfill protection is not enabled and partial fills are set to "reduced in size".

e.g., presets for: Futures, Futures->Bracket. The general "Presets" is just one place this can be configured, you need to ensure the futures specific presets don't also have it.
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Thank-you

So I contacted IB and received this:
"
Stop-Limit Orders: Stop-Limit orders configured to *trigger outside RTH* are native to GLOBEX and can be placed at any time during regular Globex trading hours. Please note the following restrictions placed by GLOBEX:
For Sell Stop-Limit Orders, the limit price must be <= stop price (aux. price)
For Buy Stop-Limit Orders, the limit price must be >= stop price (aux. price)"

in summary
  • overfill protection off on your settings (presets, show all, OAC)
  • trigger outside RTH in your setings
  • the limit price <> to the stop price (as in IB message)
  • order cannot be hidden
 
Good job aquarian. One just needs to follow the rules and it works fine....
and always, always remember BuyStops will be triggered above the current market...
and SellStops will be triggered below the current market.
 
That being said, if you do want buy or sell "stops" below and above respectively, you can use MIT or LIT orders IB server side. It's basically a hidden/on-demand limit order in effect.
 
Hello,
I have read through all the posts on this thread, and I am wondering if the advice that CME does not support stop (market) orders (i.e. do not hold them on their servers), and so it is best to set up a stop limit order with a wide limit price has changed. The CME Globex website says they do support Stop & Market orders with protection, which for the ES they set @ 3pts, so is the above actually necessary?

Thank you.
 
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