Date/Time: Fri, 27 Jan 2023 08:00:20 +0000
Post From: Scale out problem with orders
|Tom_Tom - Posts: 40|
sorry i cant help you with your issue.
But i am posting here because i also scale in and scale out by sierra chart and IBKR.
i always have some concerns by doing this with IBKR because:
If i scale in, my Limit order will be sent to IBKR and my stop and my target quantity only will be changed after filled Limit order. After fill Sierra Chart changes the Stop and Target and send it to a IBKR.
But i always thinking of the worst case, a power blackout or something else thats loosing my connection to IBKR. In this case IBKR will fill the Limit Order but my stop and target Quantity didnt change.
Do you have a solution for this problem.
The best way for me is to have a Max Daily Loss, if it is hit all Positions and orders should be closed. Do you know if IBKR offers something like that. But i think they wouldnt.