I've been pondering the idea of submitting with every order a market close order and a stop loss that cancel each-other. As the strategy goes on you could update the stop loss if you decide that you want to increase the headroom. That way, even if you lose all IB connectivity (even if its THEIR fault and no amount of backup connections could save you), they have your order, and can process it. I wonder if they would be liable if the trade didn't process, at that point?
On Mon, Jul 20, 2009 at 3:13 PM, MKoistinen <[email protected]> wrote: > > Just thought I'd share this experience with you guys. > > My strategy was in play with a long position on the ES today. We went > out to see the new Harry Potter film. I got back 2 hours after market > close and JBT was still showing my long position. > > Looking through the EventReport, it appears that TWS lost connectivity > to IB at about 3pm ET. > > Thankfully, I was able to close the position with no harm done today > as the current price for the ES was within the range that it should > have closed at by itself (and a small profit to boot). Still very > frustrating! I have back-up broadband via my 3G iPhone and tethering, > but that only works if I'm here! > > I will be adding a last price-change timestamp on the Web Access > output at some point, perhaps this will be enough to let me know that > I need to call IB to check things out if this happens again while I'm > away from my desk. > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "JBookTrader" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/jbooktrader?hl=en -~----------~----~----~----~------~----~------~--~---
