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How to control order fill time (trading hours) for profit target orders?

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    How to control order fill time (trading hours) for profit target orders?

    I run a strategy which has both a profit target and a stop loss provision. The strategy is running against my IB account.
    I noticed a difference how the orders are submitted to IB: the Profit Target order is submitted as GTC, Fill outside regular hours allowed. The Stop loss order is submitted as GTC, Fill outside RTH disabled.

    This leads to problems for backtesting and also in resuming the correct state when I restart my strategies (e.g. at the beginning of a new week). The strategy is being run in regular trading hours, but sometimes the Profit Target is hit during extended hours, and the strategy will not know about that, so it will start in the wrong state.

    Is there a way to change how Profit Target orders are submitted? I want them to execute only in RTH.

    #2
    Hi mic414, thanks for your post.

    It's not possible to make a resting order have special conditions unless you broker would support something like this. You can cancel the profit target order during electronic hours and re-submit the order, or you could move the profit target during ETH hours.

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