Maximum prices in "Stop Limit orders" for E-mini ?

Discussion in 'Order Execution' started by pstrusi, Oct 24, 2018.

  1. pstrusi

    pstrusi

    I've been having a weird issue after hours trading ES futures ( E-mini ). Whenever I have an opened position, I like to set a contrary ( protective ) Stop Limit Order pretty far of the market, just a protection against dangerous issues as Internet service/Electricity down fir example. But when this protective Order is submitted in IB, the order is immediately canceled. I asked them and they say there are a maximum limit for prices set by CME ( Globex ) but they didn't say it.

    Any ideas?
     
  2. pstrusi

    pstrusi

    Thanks, already seen it but I did what it says there and still got canceled. So if you are more in the know, please comment. Thanks
     
  3. Metamega

    Metamega

    Never used IB but the couple brokers I’ve used generally have an option to extend stops in after hours trading. Maybe theirs an option for after/extended hours your missing?
     
  4. pstrusi

    pstrusi

    I'm answering myself after searching: the problem is that there's a "Band", where the "Limit price" can't be lower than 6 against "Stop Limit price". Go figure! If your band is wider the order is canceled bu the exchange, cool ah ? non-sense