Ok, here goes. I have an automated strategy that trades EURUSD. When the entry conditions are right, the strategy submits 5 market orders simultaneously. The orders are 60k, 40k, 20k, 20k, 20k. I also submit profit targets and stops along with these orders. Also, I use the managed orders process. Ok, yesturday morning the entry strategy was triggered and if I am reading the log files correctly, NT submitted the orders correctly but IB split up the 60k order into 2 actual orders of 50k and 10k. What happened after that is a little bit of a mystery but what I think happend was NT tried to pair a target and stop with the 10k order and IB rejected the order because the order was smaller than allowed. When it rejected the order, NT then flattened everything. I understand that orders get broken up but how or can I control this through a strategy? I didn't really loose any money this morning but I did miss out on a nice opportunity. Any suggestions would be most appreciated.
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Hello,
Thanks for the note.
What we need to find out is why the QTY was changed by IB and it was split into two orders. This is the first place I would look into. What is the exact message by IB on why this happened? Was it a part fill or something else? If this is an IB limitation then we can go from there and see if there is a way around.
I look forward to assisting you further.
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