The new "Replace to Market partial Filled Order" option has joined the (long!) list of undocumented autotrading features. I presume it replaces to market after x seconds as defined in the Unfilled Order Replacement section. If so, shouldn't this option belong in that section also?
If someone wanted unfilled price orders to be filled at market after x seconds, wouldn't they also want partially filled price orders to also be market filled? I can't think of any reason a trader would ever want conversion to market for unfilled but not partially filled orders. In which case this option is redundant and the ticked behaviour should be automatic when the Unfilled option is selected.
Beta 6 - "Replace to Market partial Filled Order"
brendanh,
Please refer to following link to understand need of this critical/important feature, I think after beta testing it may get incorporated in to the market order replacment section.
http://forum.tssupport.com/viewtopic.ph ... ght=#24667
regards
Super
Please refer to following link to understand need of this critical/important feature, I think after beta testing it may get incorporated in to the market order replacment section.
http://forum.tssupport.com/viewtopic.ph ... ght=#24667
regards
Super
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007
Hello everybody,
Conversion of unfilled limit and stop orders to market and conversion of partially filled orders to market are two separate features.
The "Replace Partially Filled Order by a Market Order " option is available in both the synchronous and asynchronous modes. It is in effect an emulation of the 'All or None' option which is available if you trade through IB but unavailable with other brokers. Moreover, IB does not support all or none execution for all symbols.
The "Convert Unexecuted Orders to Market" option is only available in the asynchronous auto trading mode. It does not replace partially filled orders; it only replaces limit and stop orders that could not be filled AT ALL.
Conversion of unfilled limit and stop orders to market and conversion of partially filled orders to market are two separate features.
The "Replace Partially Filled Order by a Market Order " option is available in both the synchronous and asynchronous modes. It is in effect an emulation of the 'All or None' option which is available if you trade through IB but unavailable with other brokers. Moreover, IB does not support all or none execution for all symbols.
The "Convert Unexecuted Orders to Market" option is only available in the asynchronous auto trading mode. It does not replace partially filled orders; it only replaces limit and stop orders that could not be filled AT ALL.
Thanks for clarifying Marina. You say:
Please can you add this info to the Help system, along with definitions for All or None Execution, Server & Port, Order Settings, and Connection timeout (what effect does zero have, never or instantly disconnect?).
However in the release notes sticky you contradict:The "Replace Partially Filled Order by a Market Order " option is available in both the synchronous and asynchronous modes.
The release notes need correction. After what period are partially filled price orders converted to market? Can you confirm this period is independent from the bar?The unfilled portion of partially filled limit and stop orders can be replaced by market orders in the asynchronous auto trading mode.
Please can you add this info to the Help system, along with definitions for All or None Execution, Server & Port, Order Settings, and Connection timeout (what effect does zero have, never or instantly disconnect?).
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007