Market orders in TWS when Limit order filled in MT4

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AndyN
Posts: 1
Joined: Wed Sep 23, 2020 11:17 am

Market orders in TWS when Limit order filled in MT4

Post by AndyN »

Can MT-IB copier handle submitting a Market order in TWS whenever a limit order is filled in MT4? As it is now, a limit order might be filled in MT4 but left unfilled in TWS which can be dangerous.

If the above is not possible, can at least the orders in TWS be submitted with 1/10 of a pip accuracy instead of the current 0.5 pip?

board_admin
Site Admin
Posts: 219
Joined: Mon Apr 24, 2017 3:24 pm

Re: Market orders in TWS when Limit order filled in MT4

Post by board_admin »

You could disable limit orders when attaching ib_order_copy.

Code: Select all

Copy only MKT orders=true
This makes a limit order is ignored. But when this limit order gets
filled, a MKT order is placed at IB.

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I believe, that a limit fill at MT in any case forces a MKT at TWS. (Turns LMT into MKT).

To test this, do the following:
Place a limit order in MT. Move it close to current market but not too close.
Go to TWS and move limit order away from market.

Wait until filled at MT.

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You can overwrite the mintick of the contract.
On contract page, double click on contract. Change mintick
in the lower left. Click "Ok".
But it makes no sense, when IB is not allowing this mintick.

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