Re: Place few parellel Limit orders on a "cash" account, above the amount of cash the acount has
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Have you looked at using Price Conditions?? ?? When using order conditioning, the orders are held by IB and not placed until the conditions are met, so the value of the conditioned orders can exceed the funds available (at least in a margin account, haven¡¯t specifically tested in a cash account, but I assume it¡¯s the same).? ? priceCondition can be set such that the order is not active/placed by IB until the last price, or bid/ask, breaks a specified value.? ?If all four orders are activated, the last two (or whichever orders have insufficient funds) will return the cash error and not be placed. ? It is not perfect of course, as an order can be activated but then not filled, depending on your conditions and the market liquidity.? If you are exclusively trading in the premarket/low liquidity it will be harder to manage ¨C you would need (at least) to work with bid/ask as the trigger method rather than last price. The activation price would need careful consideration. ? Dave ?
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From: [email protected] <[email protected]> On Behalf Of Edward
Sent: Tuesday, 15 November 2022 4:47 AM
To: [email protected]
Subject: Re: [TWS API] Place few parellel Limit orders on a "cash" account, above the amount of cash the acount has? The placement of the second order will be quite fast but this does not guarantee its execution :). Actually, trading low liquidity instruments outside RTH is a very tricky business (mainly due to lack of appropriate statistical backtesting and small position you may take). If this works for you I wish you every success.?
On 14 Nov 2022, at 20:32, alon86 <alon86@...> wrote: ? Thanks, Edward, great idea :) it might work.
Again, my problem is the low liquidity, so I hope placing second order straight after another filled order would be fast enough so both orders are filled successfully.
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