[IB beginner] Time to allow order transmission?

Discussion in 'Interactive Brokers' started by jk90029, Apr 18, 2016.

  1. Dear-

    Most beginner might be curious about time to send order to IB server.

    As a strictly equity trader, my personal trading logic requires lots of orders(such as 100 to 500) for BUY/SELL.

    I know regular hours of order are between 9:30AM and 4:00PM EST.

    Some please tell me exact hours that we can send hundreds of order to IB server, for next day?

    Is it allowed from 5:00 PM EST for the next day trading? Is there another place(another screen) for early order for next-day?

    I like to hear, e.g. , whether 5:00PM to 8:30AM for early bird and 8:00AM to 4:40PM for regular order.

    Thanks in advance.

    -Jay
     
  2. lindq

    lindq

    If you are entering orders to be filled at market open the next day, they can all be entered as Market Orders AFTER the close of the previous day. They will then fill at the market open in the morning. But be certain to not have after-hours orders enabled in trader workstation.

    If you want orders filled at a specific time after the morning open, then use the feature on TWS that permits you to select a specific date and time to trigger your order.
     
  3. In fact all orders (in my personal logic) are limit order with specific price. (you mean market order is with current price, isn't it?)
     
  4. For TWS, probabbly we should use API program for 100 lines of order...?

    Here, we just like to use web page, to send 100 lines of order together (without human typing), by use of Selenium and C#.
     
  5. It sounds like this is something you need to automate. Makes life ALOT easier. Regards
     
  6. Yes it is Automation problem. There are lots of brokers which does NOT provide API but charges significantly LOW commission.
    Please note that ALL brokers allow trading by WEB.
     
  7. I use NinjaTrader and IB, cheapest and IMHO best package
     
  8. There are lots of how to send orders to IB server.
    In my case, web-crawling to IB website is available, so that 100 lines of order can be transmitted (by one-click) within minutes.