Hi, I'm new to IB. When I tried to put a sell order with the best bid price, sometimes the order won't being executed, it just stay there. I understand it's possibly because of the timing, maybe the market has changed after I put the order. But actually the bid price did not change, and my sell order with that price just not being filled. In case it matters, I'm talking about the future trading, with a paper trading account. Any ideas?
Market or limit order ? Sometimes limit orders don't get filled, Even if you have placed it at the best bid. If so ... Did the price went above your limit ? If it did. It should have been filled ... Market order get executed, anycase. At worst you experience sleepage. IB demo can be buggy, sometimes... Don't know for real tradin' But they have great reputations. So it's either because it's a demo order, Or because you've placed limit order. What contract did you trade ? When ?
Thanks for the reply. I used limit order, yesterday morning (is it because it's too active time?). I was trying to trade gold future.
Just a hunch , but think most paper trading accounts that are around usually require the price to move through your order. They don't actually use the bid/ask but use the last trade price for an activation. So say best bid is 10.00 and in a paper trading account you put a limit at 10.00 to sell, it will have to actually have the next last sale be at 10.00$ or higher. And if I'm not mistaken market orders would just take the next sale and not the current best bid. I don't paper trade or really ever did intraday paper trading to notice how most work or used IB. This is just an idea. Only one I ever used was TOS and it was daily timeframe and just had targets and stops, never had any focus on the bid/ ask of it.
@Outlander The demo and simulation environments at Trading Technologies have much more logic in them than simply "trade through to execute" and you're welcome to sign up and trade in the free demo environment by following this link: http://about.trade.tt/