Interactive Brokers stop loss problems

[jspot99]

When connected to Interactive Brokers and I drag a stop loss on the chart to move it, Motive gives me a "duplicate order ID" error and will not move the stop loss.

Does anyone know the solution? It has to be something simple!

Is it a setting in Motivewave? Or is it a setting in the IB TWS API?

Any help appreciated!

 

[jspot99]

Is anyone able to reliably set and adjust stop losses on IB?

I am intraday trading and trying to do short timeframe traders (sometimes less than 30 seconds).

I constantly get "Duplicate order ID" errors and "OrderId XXX that needs to be cancelled is not found." errors when adjusting a stop loss, or attempting to add a stop loss using the paperclip button in MotiveWave.

In TWS configuration, I have tried un/checking "API > Settings > Use negative numbers to bind automatic orders". But no effect.

Also in TWS configuration, I have also checked every single option in the Orders section.

I submitted a ticket to MotiveWave support, but no response yet.

If others are able to reliably use stop losses in IB for intraday? Anyone?

 

[jspot99]

After working with MW support (which was excellent BTW) this is resolved:

For some instruments (stocks), the IB API provides a minmum tick of 0.0001.

I had a percent based exit strategy. MW was calculating the stop price resulting in fractions of 0.0001 and then IB would reject the order.

Solution was either:
(a) use a tick based exit strategy; or
(b) ensure MW was using a 0.01 min tick size (right click chart > Edit Instrument > Advanced).

To more efficiently set the min tick, I created the following AutoHotKey script, mapped to F10:

;==Set minimum tick
F10::
Click, right
Send, {down}{enter}+{tab 2}{left}{tab 3}
SendInput, 0.01
Send, {enter}
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