Target Exchange

[rlange]

I'm having an issue with profit/stop targets on interactive brokers. I think I need to setup what exchange the orders should be routed through. Today I was trading LVS, I used the +target button and it created two new orders. My stop of 47.18 was actually listed as two orders in the TWS. Here is the execution summary:


BOT 100 LVS Stock 47.39 USD SMART 06:46:00 1.00 null
SLD 50 LVS Stock 47.18 USD ISLAND 07:06:22 1.00 null
SLD 50 LVS Stock 47.18 USD ARCA 07:06:22 1.00 null


I'd rather just have EVERYTHING route through their smart exchange and not get charged double or possibly triple commissions when my stops are hit. How do I set this up? Thanks!

[NinjaTrader_ChristopherJ]

Hello rlange,

Thank you for your post.

Unfortuantely there is not an option to set a specific exchange to be used for orders within NinjaTrader. From my understanding SMART routing will automatically find the best rate at that time for execution. I suggest contacting IB for further clarification on SMART routing.

Please let me know if I may be of further assistance.

[rlange]

Either way, when I add an additional target the stops aren't combined in TWS. I could have 3 targets at the same price created in the DOM window, but in TWS it shows them at 3 separate orders. I can edit them in TWS and fix the problem, but I figured there was a way to make NinjaTrader create these orders correctly.

[NinjaTrader_ChristopherJ]

Unfortunately if the Targets are seperate for example Target 1 100 share, Target 2 100 shares these will be looked at as 2 seperate orders within NinjaTrader as apposed to 1 Target of 200 shares even though they rest at the same price.

[rlange]

Feature Request

Smart Order Combining

[NinjaTrader_Kyle]

Hi rlange,

I will forward that suggestion on to development for further consideration.
Thank you for your feedback!