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Subject:Converting entry and exit limit orders
Posted by:Timothy Sutton  New msg
 
Ignore user's posts for week month forever
When:2/02/10 (12:19) 
 
I am having problems with converting both entry and exit limit orders to market orders after Collective2 has filled. Any suggestions?

Thanks. Tim
  
 
Subject:Converting entry and exit limit orders
Posted by: Trader68  Support   New msg
 
Ignore user's posts for week month forever
When:2/02/10 (15:23) 
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In response to post by Timothy Sutton of 2/02/10 (12:19)

I am having problems with converting both entry and exit limit orders to market orders after Collective2 has filled. Any suggestions?

Thanks. Tim

Hello Tim,

It can be handled one of three ways:

1. Per Account (i.e. IB)
2. Per Portfolio (i.e. C2 System)
3. Per Asset (i.e. GOOG)

To do it per Asset, simply double-click on the asset and go to the Order Details tab. In that screen at the very bottom, there are drop down list for "Convert Limit Orders to Market Orders". One of the option is specifically for after Collective2 reports a fill and then you would fill in the time duration you'd like it to take action. This needs to be done for both Entry's and Exits.

Now to do this for an entire portfolio or account, simply double-click on either the account or portfolio and then click on the asset type (i.e. Stock Defaults, Futures Defaults or Forex Defaults) and select the Order Details tab and follow the instructions above. After hitting Save, be sure to click on the button that says "Copy Defaults to Assets" so that those settings will be applied to any current assets in the portfolio. From that point on, any new assets will automatically receive these defaults.

Thanks,
Steve @ Trader68 Support
  
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