Gateway does not check or validate any order lines that are sent through it via the API. Gateway only functions as a pass-through between the client and IB's servers. If IB's servers accept an order line coming from TWS then they will also accept it from Gateway.
Thanks Narafa, yes that would be evidence that you can place a limit order on TWS. But since i am using IB Gateway and question also relates to all order types (any difference?) And since IB support told me that negative prices work or not working in TWS papertrading but would not indicate if it would work in real trading.. and other agent told me something else. I think i am still very much in assumption land still, until perhaps IB responds. Perhaps its very clear for most others, and thats good, however for me, i am still in assumption territory. Thanks for input Narafa though.. Cheers
They responded already, confirming that negative prices are working for both TWS and the gateway. Good luck
@def So you can certify that no matter version of IB gateway you will be able to enter a position while negative and get out or going into negative price and close position? And you can do this on all ordertypes? Thanks @def This would provide much needed certainty, IB support staff yesterday told me it does not work and other one said yes it will work, hence i am asking here. Cheers
No, only designated energy futures are allowed negative (Including HO, RB, CL, BZ, etc...). Rest are still floored at 0 or the minimum tick above 0 actually.
@def Thanks, Btw not kicking support at all, i actually like the services you provide and appreciate your support. However getting different responses can be a bit confusing. I do understand the difficult situation though, hence me trying reaching our here. Cheers
Not a problem and yes, we need to do better in terms of getting staff to contact those who have info when uncertain but that's easier said than done at times - especially in the current environment.
We made a decision to stop trading oil should it get into $5 region. We trade fully algorithmic and do not want weird surprises. We will just shut down oil algos if it gets this low.