Interactive Brokers - stop orders - allow triggering outside of regular trading hours

B

bounty_one

Hello, maybe someone can help me:

Today I entered a long position on the sep 2005 GBP future at 1.7572. A stop order was entered at 1.7530. Unfortunately, I went long near the top, price dropped below my stop level, but the stop order didn't trigger. I manually closed the position at 1.7501, way below my desired stop level. All of this happened at about 5:00 till 6:00 AM EST.

I asked IB what had happened, and a representative told me it seemed as if the stop order wasn't configured to be triggered outside of regular trading hours. I'm rather sure though to have enabled that option before. Now I checked my audit trail to find any clue on this question, but I don't know where to look for.

Here are the details for the stop order which didn't trigger, (copied from my audit trail:

PlaceOrder
MsgType NewOrderSingle

SendingTime 20050705-07:59:59
ClientOrderID 1275730700.0
ClearingAccount [# deleted]
AuxPrice 1.753
DdeId 2
ServerId 8073230
OrderQty 1
OrderType Stop
Symbol GBP
MaturityMonthYear 200509
SecurityType FUT
SecurityID 6BU5
SecurityIDSource 101
ContractMultiplier 62500.0
Side Sell
TimeInForce DAY
ExDestination GLOBEX
6210 GLOBEX
ContractID 27987002
OptionAcct c
OpenClose Open
ClOrdLinkID 2
6209 ReduceOnFillNonBlock
EOrder Socket
ParentClientId 1275730699.0
Currency USD
CheckSum 066

Thanks in advance!
 
First, do a search on IB and Stops. This has been discussed extensively recently.

You have to do two things to fix your problem:

1. allow stops to trigger outside RTH
2. set the contract definition to allow trading outside RTH

Both of these are configuration settings for the orders and stops.

Note, that RTH=NYSE opening hours, not the specific RTH for the contracts your trading.

All the
 
Quote from vikana:

First, do a search on IB and Stops. This has been discussed extensively recently.

You have to do two things to fix your problem:

1. allow stops to trigger outside RTH
2. set the contract definition to allow trading outside RTH

Both of these are configuration settings for the orders and stops.

Note, that RTH=NYSE opening hours, not the specific RTH for the contracts your trading.

All the
More...

Hi Vikana,

I have not heard of the 2nd requirement, set contract definition to allow trading outside RTH. Can you please explain how you do it?


Thanks
 
Select Order -> Ticket
Time in Force Tab
Uncheck Regular Trading Hours only

Quote from LoosenUp:

Hi Vikana,

I have not heard of the 2nd requirement, set contract definition to allow trading outside RTH. Can you please explain how you do it?


Thanks
More...
 
I have heard that EUREX stop orders for FGBL did not trigger today.

IB said that they had problems with EUREX.

Any comments ?
 
IB´s bracket orders for EUREX do not work properly since July 04.

Unbelievable that they did not inform customers about a severe bug in their server software.
 
Quote from Xenia:

IB´s bracket orders for EUREX do not work properly since July 04.

Unbelievable that they did not inform customers about a severe bug in their server software.
More...

You imply that we knew that it does not work. What does not work?
 
IB CS (last week - via email)

The limit order never reached Eurex as the system was rejecting the order
with the error message "best execution doe not handle GTC orders". Our
programmers have addressed the issue and they are currently working
on a solution.
More...
Attached bracket orders for EUREX do not work properly. Everything looks normal,
but part B (LMT order) will never execute although market trades clearly thru limit price.

(A) parent order (BUY STP)
(B) take profit order (SELL LMT)
(C) stop loss order (SELL STP)

Happened with EUREX (FGBL) Jul 4, 5, 12 (today). IB could at least have given
a warning via TWS bulletin. But no bulletin seen last week, no bulletin seen this week ...
 
This is not quite right--the setting you mention applies to limit orders. To configure stop orders to trigger outside regular trading hours, select "Configure/Order/Stop Trigger Method" from the top-level menu and check "Allow triggering outside of regular trading hours."

Quote from Sanjuro:

Select Order -> Ticket
Time in Force Tab
Uncheck Regular Trading Hours only
More...
 
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