DOM - IB - How to get stops not simulated

Questions about MultiCharts and user contributed studies.
SP
Posts: 444
Joined: 06 Feb 2006
Has thanked: 36 times
Been thanked: 280 times

DOM - IB - How to get stops not simulated

Postby SP » 27 May 2011

If i check "Use Native OCO Group" under "OCO Group" at Interactive Broker Properties both
the target limited oder and the stop market order are blue at the TWS (simulated),
if i uncheck "Use Native OCO Group" the target limited oder gets green, but the stop stays
blue.

Is there a way to get the stop order to the exchange as well instead simulating them?

User avatar
Stan Bokov
Posts: 963
Joined: 18 Dec 2009
Has thanked: 367 times
Been thanked: 300 times

Re: DOM - IB - How to get stops not simulated

Postby Stan Bokov » 27 May 2011

SP wrote:If i check "Use Native OCO Group" under "OCO Group" at Interactive Broker Properties both
the target limited oder and the stop market order are blue at the TWS (simulated),
if i uncheck "Use Native OCO Group" the target limited oder gets green, but the stop stays
blue.

Is there a way to get the stop order to the exchange as well instead simulating them?


Your observations are correct. Interactive Brokers don't send stop orders to the exchange, they monitor them on their own end, and when the time comes they send them as something to the exchange. As far as we know, this is just how TWS works. Limit orders are sent to the exchange.
These users thanked the author Stan Bokov for the post:
SP

SP
Posts: 444
Joined: 06 Feb 2006
Has thanked: 36 times
Been thanked: 280 times

Re: DOM - IB - How to get stops not simulated

Postby SP » 28 May 2011

Thanks Stan,

i was only surprised that the fills are better and faster/less slippage if i use a zenfire chart with symbol mapping instead of the interactive chart. I thought that the simulation was done by the TWS itself and independent of the datafeed.

Nick
Posts: 490
Joined: 04 Aug 2006
Has thanked: 4 times
Been thanked: 24 times

Re: DOM - IB - How to get stops not simulated

Postby Nick » 08 Jun 2011

DARK BLUE indicates that an order has been accepted by the system (simulated orders) or an exchange (native orders) and that this order has yet to be elected.

GREEN indicates that your order has been accepted and is working at the destination.

Isn't there a setting somewhere that says make both halves of an OCO live? I could have swore there used to be.

Blue is tricky as it can be the exchange for a natively supported order or IB for 'synthetic' orders (which obviously can not be executed directly). I think the IB log will tell you exactly where an order is held.

SP
Posts: 444
Joined: 06 Feb 2006
Has thanked: 36 times
Been thanked: 280 times

Re: DOM - IB - How to get stops not simulated

Postby SP » 23 Apr 2012

I dont know if MC changed something on the last versions, but if i uncheck "Use Native OCO Group"
and use the stops that are allowed by the exchange (Eurex - Market, Globex - Stoplimit):
- for Globex : Stop Loss As: -> Stop Limit,offset : 2-3
- for Eurex : Stop Loss As: -> Stop Market

now both target and stop orders are submitted to the exchange (with Green colors).

Is that new?

User avatar
Henry MultiСharts
Posts: 8438
Joined: 25 Aug 2011
Has thanked: 1207 times
Been thanked: 2703 times

Re: DOM - IB - How to get stops not simulated

Postby Henry MultiСharts » 24 Apr 2012

SP wrote:I dont know if MC changed something on the last versions, but if i uncheck "Use Native OCO Group"
and use the stops that are allowed by the exchange (Eurex - Market, Globex - Stoplimit):
- for Globex : Stop Loss As: -> Stop Limit,offset : 2-3
- for Eurex : Stop Loss As: -> Stop Market
now both target and stop orders are submitted to the exchange (with Green colors).
Is that new?


In our environment the stops are Blue (on broker) disregard the "Use Native OCO Group" setting.
We have tried to place it from MultiCharts and TWS directly.
Please let us know what version of TWS you are using and what are the exact steps to place an exit stop order directly to the exchange?

User avatar
Henry MultiСharts
Posts: 8438
Joined: 25 Aug 2011
Has thanked: 1207 times
Been thanked: 2703 times

Re: DOM - IB - How to get stops not simulated

Postby Henry MultiСharts » 01 May 2012

Native OCO enabled, Overfill protection enabled.
For orders sent in the OCO group:
All Limit orders (entry and exit) are blue (on broker).
All Stop orders (entry and exit) are blue (on broker).

Limit orders sent not in the OCO group:
All Limit orders (entry and exit) are green (on exchange).

Native OCO enabled, Overfill protection disabled.
Limit entry order-blue (on broker).
Limit exit order-green (on exchange).
All Stop orders (entry and exit) are blue (on broker).

Native OCO disabled.
All limits (entry and exit) are green (on exchange).
All Stops (entry and exit) are blue (on broker).
Note: On IB Live account you can send Stop orders directly to the exchange (green in TWS).
You need to enable "Use outside RTH tag" to do that.
In order to send multiple orders directly to the exchange "Use Native OCO Group" should also be disabled.


Return to “MultiCharts”