Whats the difference between "fill outside RTH" and "allow preopen"
- Thread starter klattermusen
- Start date
thanks, so why would you want only pre-open? technically pre-open is still after market hours from the day before lolOutside RTH means pre-open + after-hours.
I thought this was so logical it shouldn’t need an explanation
I guess you could use it as a timer to expire your orders at the end of day. Many people don’t want to trade or hold their positions overnight, which includes after-hours when some earnings are announced, Asia starts trading, middle-east stirs things up, and a lot of other stuff can happen. Pre-open imay be a good time to decide what to trade.
Perhaps the phrasing should be "pre-open only"??... though hard to imagine the strategy for that.
Outside RTH means pre-open + after-hours.
I thought this was so logical it shouldn’t need an explanation
Pre open - market is closed and is about to open
outside RTH - market is open in say Asian and Eur sessions
RTH - market is open in say US session
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This is only correct for US stocks. The RTH for e.g. European stocks is different. And if you start to look in IB's determination of RTH for futures you'll find a myriad of start times and end times.
right.
different brokers / exchanges use different terms.
some even use terms like T session, T+1 session, T + 2 session etc etc