Adjustment of Trailing Stop on DOM Not Working Properly at Times

[Doug Hayman]

Hi Jerry,

I've mentioned this partially in other threads, and the functionality has certainly improved from earlier releases.  Native Trailing Stop logic works perfectly on the DOM.

I've noticed the following 2 behaviors:

1) Using DOM with StopLimit OTOCA Order, with a T-Stop$ trailing Leg (for either a Buy or Sell order).  Once trade is filled, if I subsequently try to manually adjust my T-Stop$ price to a new level (in a positive direction for my trade to tighten my stop) on the DOM, at times (but not always) the T-Stop$ price jumps to a different price (usually a tick or 2 away) from my desired reposition of price; 

2) If I attempt to adjust my T-Stop$ price multiple times during the same active trade, eventually T-Stop$ gets into a funky state where it moves BOTH up AND down, in concert with market price moves.

Can't really add any value by adding a screen capture for you; just described verbally above the best I can.

Using latest Beta, trading MES futures with IB broker.

Thanks in advance.

[Jerry Medved]

1) I was able to recreate. Is it only after OTOCA or if you put in an OCA order too? 

2) this happens if IB doesn't send the actual "Stop" price. Until then, only thing MT has is the offset, so it shows it as offset from "current" price. Once IB sends the actual stop price, it can show it properly. If viewing the Account View, Transactions window, you will see the stop price show up.

[Doug Hayman]

1) I rarely trade with OCA, so cannot say off-hand.  Definitely with OTOCA though.

2) OK, interesting.  So are you saying that it's a race condition of sorts??

[Jerry Medved]

2) no. sometimes IB just takes it's sweet time to send the stop price. I had it happen (in paper trading) just now 

[Doug Hayman]

OK thanks.   It doesn't happen often and can't be regularly duplicated, so that makes sense.

[Jerry Medved]

we recreated the first issue with OCA (easier to deal with). Mike is on it now.

[Doug Hayman]

Great, thank you!

[Doug Hayman]

FYI, I tried an AUTO->OCA trade today (MES Long with 3.25 point trailing stop).  As price moved up beyond 3.25 gain, the Trailing Stop didn't move up at all with it.  All of a sudden it, the Trailing Stop jumped 5 points, and then trailed appropriately.   This happened three times today.

I check the resources of my laptop to make sure CPU and Memory wasn't pegged at 100% or something, but I had plenty of available resources.

Could this be IB misbehaving again?

Edited May 19, 2021 by Doug Hayman

[Jerry Medved]

that would mean that IB was not updating the STOP price for some reason - Once we have a stop price value, we use that and count on the broker to update it.

[Doug Hayman]

I figured that, but thought I'd bring it to your attention, since you asked me about OCA orders (with trails) above in this thread.  Maybe had something to do with today's heavy trading volume.  I assume that IB would be keeping track of Trail on their trading server, and that it's just their API update being sluggish then.

[Jerry Medved]

if you ever see that - you can look at the STOP PRICE column on the account view/transactions.  y, I would guess it is just an update issue.

[Doug Hayman]

Just as a further FYI, when I use a TStop$ trade by itself on the DOM, and attempt to adjust the TStop$ price, the same behavior as noted above occurs.

[Jerry Medved]

are you referring to #1 in the original post?

[Doug Hayman]

Yes.   Seems like the lowest common denominator of issue seems to be the re-pricing of the TStop$, regardless if native or within a conditional order.

[Doug Hayman]

Morning guys, any ETA on fixing issue # 1 above?   Again, this is just a function of TrailStop$, as the common denominator - Thanks in advance.

[Jerry Medved]

will check with Mike

 

[Jerry Medved]

supposedly fixed, but you know how brothers lie. will send you an update in a bit.

[Doug Hayman]

LOL, just like my brother and I.  Thanks.   In the interim, you'll be happy to know that I used new Hot Keys feature to tighten my TStop (only prob is that I do a cancel of existing Stop, before creating new one, so there is chance market moves before new TStop is submitted).

[Doug Hayman]

Any update on this fix???????????

[Mike Medved]

Doug, check, it should be working in current beta.

[Doug Hayman]

Mike, had no idea, wasn't listed on the Beta fix list.  I'll check today or tomorrow, thank you.

[Doug Hayman]

Seems to be working OK, re:Moving Trailing Stops.   Thanks for fixing.

[Mike Medved]

Yippee.