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Date/Time: Sun, 22 Dec 2024 17:23:18 +0000



Post From: SC via Interactive Brokers not correctly setting OCO orders - important!

[2015-04-09 15:13:51]
corbeste - Posts: 74
Hi,

I use IB as a broker. Trading SPY, I usually enter at market with my standard 3-scale OCO order - all using the same stop but with staggered scales.
Quite often I notice that one of the OCO orders does not have the correct quantity.

To give an example:
Buy market SPY 207.0, 1000 shares.
There are 3 OCO orders, with the stop at 206.5.
Each OCO orders should be 333/334 shares.
One of these orders is set to 100 shares instead of 333.

This means if I am not paying attention, my position is not stopped out or scaled completely. Its very dangerous if I am not at the computer when the order is triggered.

It occurred today and I captured this from the service log:

Trading Message from IB: Order Event Warning:Attribute 'Outside Regular Trading Hours' is ignored based on the order type and destination. PlaceOrder is now being processed.. Error Code: 2109. ServiceOrderID: 3147. | 2015-04-09 16:38:45
Trading Message from IB: Order Event Warning:Attribute 'Outside Regular Trading Hours' is ignored based on the order type and destination. PlaceOrder is now being processed.. Error Code: 2109. ServiceOrderID: 3149. | 2015-04-09 16:38:45
Trading Message from IB: Order Event Warning:Attribute 'Outside Regular Trading Hours' is ignored based on the order type and destination. PlaceOrder is now being processed.. Error Code: 2109. ServiceOrderID: 3150. | 2015-04-09 16:38:45
Trading Message from IB: Order Event Warning:Attribute 'Outside Regular Trading Hours' is ignored based on the order type and destination. PlaceOrder is now being processed.. Error Code: 2109. ServiceOrderID: 3152. | 2015-04-09 16:38:45
Trading Message from IB: Order Event Warning:Attribute 'Outside Regular Trading Hours' is ignored based on the order type and destination. PlaceOrder is now being processed.. Error Code: 2109. ServiceOrderID: 3153. | 2015-04-09 16:38:45
Trading Message from IB: Order Event Warning:Attribute 'Outside Regular Trading Hours' is ignored based on the order type and destination. PlaceOrder is now being processed.. Error Code: 2109. ServiceOrderID: 3155. | 2015-04-09 16:38:45
Resetting last order modification Price and Quantity due to an apparent failed order modification. Internal Order ID: 11034 | 2015-04-09 16:38:45
Resetting last order modification Price and Quantity due to an apparent failed order modification. Internal Order ID: 11035 | 2015-04-09 16:38:45
Resetting last order modification Price and Quantity due to an apparent failed order modification. Internal Order ID: 11037 | 2015-04-09 16:38:45
Resetting last order modification Price and Quantity due to an apparent failed order modification. Internal Order ID: 11038 | 2015-04-09 16:38:45

Please let me know if you need more data.