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Date/Time: Fri, 29 Mar 2024 15:19:58 +0000



[User Discussion] - Move to breakeven for stop

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[2014-07-29 00:33:24]
User14731 - Posts: 15
I'm not sure if this is how the feature should work. When I set a bracket order with a target and stop that uses the breakeven function, the entry price and stop price become merged on the Sierra Chart as well as in the TWS IB chart.

Am I doing something wrong or is this the normal behaviour?

Screen shot attached.
imagebreakeven.png / V - Attached On 2014-07-29 00:33:05 UTC - Size: 58.8 KB - 313 views
[2014-07-29 00:55:03]
Sierra Chart Engineering - Posts: 104368
We are testing this now. This should not happen.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2014-07-29 01:16:07]
Sierra Chart Engineering - Posts: 104368
We see no reason why this would have to do with the Move to Breakeven setting. We have tried submitting an order for EUR.USD to TWS both with that option enabled and disabled and we see odd behavior.

TWS increases the price of the Sell stop to a price higher than the market price and then it gets canceled. You will need to seek help from IB about this. None of this is happening from the Sierra Chart side.

ActivityType  DateTime  Symbol  OrderActionSource  InternalOrderID  ServiceOrderID  OrderStatus  OrderType  Quantity  BuySell  Price  Price2  PositionQuantity  FillPrice  FilledQuantity  TradeAccount  OpenClose  ParentInternalOrderID  FillExecutionServiceID
Order  2014-07-29 01:05:13.000  EUR.USD-CASH-IDEALPRO  EUR.USD-CASH-IDEALPRO 1 Min #1 | User order entry | Last: 1.3403499  38869    Order Sent  Market  25000  Buy            DU15151  Open    
Order  2014-07-29 01:05:13.001  EUR.USD-CASH-IDEALPRO  EUR.USD-CASH-IDEALPRO 1 Min #1 | User order entry | Last: 1.3403499. Attached Order  38870    Order Sent  Limit  25000  Sell  1.34085          DU15151  Close  38869  
Order  2014-07-29 01:05:13.002  EUR.USD-CASH-IDEALPRO  EUR.USD-CASH-IDEALPRO 1 Min #1 | User order entry | Last: 1.3403499. Attached Order  38871    Order Sent  Stop  25000  Sell  1.33985          DU15151  Close  38869  
Order  2014-07-29 01:05:14.000  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Open  Limit  25000  Sell  1.34085          DU15151  Close  38869  
Order  2014-07-29 01:05:14.001  EUR.USD-CASH-IDEALPRO  IB open order update  38871  118  Open  Stop  25000  Sell  1.33985          DU15151  Close  38869  
Order  2014-07-29 01:05:14.002  EUR.USD-CASH-IDEALPRO  IB open order update  38869  116  Open  Market  25000  Buy            DU15151  Open    
Order  2014-07-29 01:05:14.003  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Open  Limit  20000  Sell  1.34085          DU15151  Close  38869  
Order  2014-07-29 01:05:14.004  EUR.USD-CASH-IDEALPRO  IB open order update  38871  118  Open  Stop  20000  Sell  1.33985          DU15151  Close  38869  
Fill  2014-07-29 01:05:14.005  EUR.USD-CASH-IDEALPRO  IB order fill (execution)  38869  116  Open  Market  20000  Buy      20000  1.35340  20000  DU15151  Open    000049bb.53d5ccbd.01.01
Order  2014-07-29 01:05:14.006  EUR.USD-CASH-IDEALPRO  Modifying Attached Order from parent modification/fill. Ref price: 1.35340  38870  117  Pending Modify  Limit  20000  Sell  1.34085    20000      DU15151  Close  38869  
Order  2014-07-29 01:05:14.007  EUR.USD-CASH-IDEALPRO  Modifying Attached Order from parent modification/fill. Ref price: 1.35340  38871  118  Pending Modify  Stop  20000  Sell  1.33985    20000      DU15151  Close  38869  
Order  2014-07-29 01:05:14.008  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Open  Limit  20000  Sell  1.34085    20000      DU15151  Close  38869  
Order  2014-07-29 01:05:14.009  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Open  Limit  25000  Sell  1.34085    20000      DU15151  Close  38869  
Order  2014-07-29 01:05:14.010  EUR.USD-CASH-IDEALPRO  IB open order update  38871  118  Open  Stop  25000  Sell  1.33985    20000      DU15151  Close  38869  
Fill  2014-07-29 01:05:14.011  EUR.USD-CASH-IDEALPRO  IB order fill (execution)  38869  116  Open  Market  5000  Buy      25000  1.35340  25000  DU15151  Open    000049bb.53d5ccbe.01.01
Order  2014-07-29 01:05:14.012  EUR.USD-CASH-IDEALPRO  IB open order update  38869  116  Filled  Market  25000  Buy      25000  1.35340  25000  DU15151  Open    
Order  2014-07-29 01:05:14.013  EUR.USD-CASH-IDEALPRO  IB open order update  38871  118  Pending Open  Stop  20000  Sell  1.35290    25000      DU15151  Close  38869  
Fill  2014-07-29 01:05:14.014  EUR.USD-CASH-IDEALPRO  IB order fill (execution)  38870  117  Open  Limit  5000  Sell  1.34085    20000  1.35340  5000  DU15151  Close    000049bb.53d5ccbf.01.01
Order  2014-07-29 01:05:14.015  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Pending Open  Limit  10000  Sell  1.35390    20000  1.35340  5000  DU15151  Close  38869  
Fill  2014-07-29 01:05:14.016  EUR.USD-CASH-IDEALPRO  IB order fill (execution)  38870  117  Pending Open  Limit  15000  Sell  1.35390    5000  1.35335  20000  DU15151  Close    000049bb.53d5ccc0.01.01
Order  2014-07-29 01:05:14.017  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Pending Open  Limit  25000  Sell  1.35390    5000  1.35336  20000  DU15151  Close  38869  
Order  2014-07-29 01:05:14.018  EUR.USD-CASH-IDEALPRO  IB order status update  38871  118  Canceled  Stop  20000  Sell  1.35290    5000      DU15151  Close  38869  
Order  2014-07-29 01:05:14.019  EUR.USD-CASH-IDEALPRO  IB open order update  38870  117  Open  Limit  25000  Sell  1.34085    5000  1.35336  20000  DU15151  Close  38869  


Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2014-07-29 01:25:02]
Sierra Chart Engineering - Posts: 104368


While we are happy to offer this functionality and generally it works well, it is this kind of problem that we see from IB which is the reason why we hesitate adding this functionality to begin with.

This does not mean server-side bracket orders are not reliable. They are. We are going to be adding them for CTS T4 and also CQG and other services.

Essentially what we see with the behavior in the test we did now is completely nonsensical behavior, on the IB side, which renders the future useless in this test.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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