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Doug Hayman

Overnight CME Stop Order Misbehaving

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Hi guys,

Strange behavior tonight (does not happen during normal daytime trading hours). 

Paper Trading CME micro (MES) using the DOM.  ONLY when I attempt to execute a BUY or SELL STOP order, I get the following error returned on the DOM (Limit orders work fine):

image.png.570c8c13c290aef6ab85ad57d9b6ce26.png

My IB Preset->Futures configuration is set to allow trades after normal market hours.  I'm using default MT timeframes for Futures, so all should be covering fine.

Immediately, upon attempting to execute the STOP, my STOP order appears on my linked Charts and also appears on my IB TWS screen correctly.  If I subsequently cursor over the errored STOP order on the DOM, the STOP order then appears on my DOM correctly as well.  However, when the price action goes past the STOP price point, the STOP order does NOT get executed.  Additionally, if I cancel the STOP order on the DOM, it removes itself from the DOM, but the STOP order remains on my linked charts and on my IB TWS order screen.

Again, this behavior doesn't occur during "normal" EDT trading hours - it works fine during those trading hours.

Any ideas here?

TIA

Edited by Doug Hayman
Update

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Ok, but read the message. IB specifically tells you that the order will note be placed on exchange until .....

You are placing a DAY order. If you want the order to be live in extended hours, then change it to be Day+Ext.

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Darn!  Right you are; I was just about to post that.  I changed the TIF in the DOM, and all works fine.  I didn't realize that "Day" is not pertinent to round-the-clock futures.

Thanks a bunch!

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