Order Rejected at IB

[markpc17]

Hello

I have a situation where I trade the Dax futures. And I place a buy stop or sell stop to enter. The entry is sent to Interactive Brokers but since the entry is only about 3-4 points away there are times the market moves so quickly that by the time the buy stop lets say gets to IB the market price might be above that.

I'd just want it to fill @ market but it seems to reject or not place that order.

For example, my buy stop is @ 500. Order gets placed/sent but by the time it reaches IB in a fast market the market is at 501. IB doesn't fill the order. I'd just want it to fill since it did honor in theory the buy stop @500 (which means market order when it hits 500+)

Any way to get this to work without the rejected order in particular since I use some automation it then creates issues if it doesn't fill.

Thanks.

[NinjaTrader_PatrickH]

Hello markpc17,

Thank you for your post.

Are you using a NinjaScript strategy or manually managing these orders?

[markpc17]

Reply

Thanks for the response.

I'm actually using the email interface in tradestation sending the order into Ninjatrader than onto IB so that email integration.

Thanks,
Mark

[NinjaTrader_PatrickH]

Hello markpc17,

Thank you for your response.

There would not be anything you can do about the race condition, if the markets move fast enough to trigger submission of your order in your strategy but then moves to a level that would make the order invalid there is nothing that you can do to change that.

You could potentially wait until the price level you wanted to submit your Stop Order at was hit and then submit a Market Order instead.