About canceling an order when it is about to be filled..

This is from one of the posts in the following thread – “It’s not a “good practice” to cancel a limit order very close to the fill price, which could cause all kinds of unexpected behaviors …”

http://finance.groups.yahoo.com/group/TWSAPI/message/29045

This occurs even when the bracket exits are sent out at the same time as the entry order.

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4 Responses to About canceling an order when it is about to be filled..

  1. larrysy says:

    One other suggestion is to set the “Warn on exit with position” option in TWS – Configure – Configuration – Lock and Exit

  2. Ed says:

    hi Larry,

    does your program also allow to trade on a Financial Advisor Account at IB? Meaning that for instance if I have 4 accounts under the umbrella of a FA account i can for instance buy 4 futures ES and that it will be distributed amongst all 4 sub accounts, 1 future each? The IB API allow for certain types of trades on a FA account. is it possible to specify this within BT?

    thanks

    • larrysy says:

      Yes, BT will automatically distribute your contracts amongst the subaccounts if you choose the main account, or you can select a subaccount to trade only that subaccount. If you connect to an FA account, you will see an additional entry to the right of Help in BT’s menu bar.

      Larry

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