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Date/Time: Sat, 18 May 2024 21:37:34 +0000

Post From: Bug? Closing open position using Sell Ask/Sell Bid on Trade window creates new Buy Order

[2016-01-22 05:01:51] Link To Thread - Link To Post [Go To First Post]
rc7rader - Posts: 144
I am using Sierra Chart version 1354 and IB as trading service/broker. I always trade stocks but last night I also traded ES futures. I placed a buy order for ES with attached stop loss and target orders. My order got filled. Price moved half-way to my target and started to struggle so I decided to take profit and hit Sell Ask on the Trade Window. My sell order was filled so my position was closed and the attached stop loss and target orders were automatically canceled by Sierra Chart. However, I noticed a new buy order was placed a few points above where my position was closed and fortunately price did not move up to fill my order so I canceled the new order. I wasn't sure what happened - whether I made the error of hitting the buy button or Sierra Chart sent the new order. I tested this using Replay Chart and I was able to duplicate what happened. Sierra Chart places a new buy order when I close the position before my target or stop gets hit. This happens with both Sell Ask and Sell Bid on the Trade Window when the buy order for futures contract has attached orders. If the parent buy order does not have attached orders, the problem does not happen. Also, this problem doesn't happen with stocks. I hope you can fix this problem soonest. Thank you.