Market order with protection

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evdl
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Market order with protection

Postby evdl » 29 Mar 2013

On the ES mini futures it is possible to have a market order with protection at IB. This is in TWS. I autotrade with MC and need to code this in my strategy. (Also because I trade the DAX, which exchange is not supported in TWS for this ordertype)

info on site IB:
Market with Protection Order

A Market with Protection order is sent in as a market order to execute at the current best price. If the entire order does not immediately execute at the market price, the remainder of the order is re-submitted as a limit order with the limit price set by Globex to a price slightly higher/lower than the current best price.
How would I code this in MC? Or is there a way to use a reserved word for applying the different ordertypes (like "hide", "kill or fill" etc.) that are available in TWS.

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Henry MultiСharts
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Re: Market order with protection

Postby Henry MultiСharts » 01 Apr 2013

Hello evdl,

Such order types are not supported in MultiCharts.
MultiCharts supports the following order types: Market, Stop, Limit, Stop Limit orders.


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