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Mark G

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25
Posts: 41

Joined: 10/11/2012

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Subject : How does TP auto-correct unmanaged trades?
Posted : 5/17/2016 1:42 PM
Post #35907 - In reply to #35882

I have OV w/ an Elite Trader feeding TP-IBG in ASW, trading into an IB paper account for now, in order to learn the ropes before committing to my real-money IB accounts.

Everything has been working good with the following exception:

A trade in RXL was automatically entered on 4-29-16, but the exit failed to execute on 5-10-16. *FOUR* brokers at IB gave me consistent and additive information about the 'whys and wherefores'. That is a story for another day.

The bottom line is that the trade thus became *UNMANAGED*, and TP has allowed the trade to *CONTINUE* to be unmanaged. The trade shows up as unmanaged on each and every daily TP Broker Report. Here is today's report:




And here is today's actual account statement of trades right from IB:





It is a mystery to me, I do not know why, and consequently cannot trust the system with real money until I gain an understanding of what is going on.

I *think* that I have TP properly set up to automatically take care of unmanaged and orphaned trades at 3pm EST each and every trading day:





Beginning with the RXL failed exit day, the first opportunity for TP to automatically make a correction was later on that Tuesday the 10th at 3pm, then on Wed-Th-Fr-Mon-Tues(today). That is 6 failed opportunities.

What am I missing??

--Mark G.

[Edited by Mark G on 5/17/2016 1:48 PM]

Attached file : TP BROKER REPORT, 5-17-16.jpg (96KB - 597 downloads)
Attached file : 5-17-16, BI account snapshot 2pm EST.jpg (86KB - 615 downloads)
Attached file : TRADE SETTINGS.jpg (39KB - 596 downloads)

Deleting message 35907 : How does TP auto-correct unmanaged trades?


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