Jump to content
  • 0

Working orders not working?


thewinelake2

Question

I wonder if there's a problem with orders? Or maybe there's something I don't quite understand?

Had a LIMIT order to buy TSLA at 31100 this morning. Price was heading down from 315ish and was getting close, so I thought I may as well do this manually. So I cancelled the order - but it said it couldn't do that. Fair enough, I thought - it must have triggered, as the price was indeed down at around 31075 or so, but no positions appeared and the order was still there.

So I can't cancel the order, even though it should have triggered. Charting the ASK price clearly shows a dip below 311 - so why didn't the order execute OR get deleted?

I suspect I'll get another chance to buy, but it has shaken my confidence in the IG platform.

Link to comment

4 answers to this question

Recommended Posts

I've had a bit of an answer to this, which is that (for a limit/buy order) the price has to go below the target for more than just a few seconds for the order to kick in. Slightly unsatisfactory in a way, but at least I know now. Still don't know why I couldn't delete the order. Will have to wait until it happens again and take a screenshot of the message.

Link to comment

Mmm. Not quite sure what you mean? Are you saying that working orders for some US shares (perhaps including TSLA) are only active when the market itself is active - compared to manual trades which can be done during extended hours? That would sound unlikely to me. 

I think I buy the notion that the orders system is ill-defined. I'd have thought that it might work once a minute and if there was a trigger point at any time within that minute, then the trade would be made. However, it seems that it doesn't work that way (but I've yet to receive a definition of the algorithm used!).

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, ChianLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave C May be complete and the price increase again in Wave A or I. ChianLink/ U.S. dollar(LINKUSD)Trading Strategy: It looks like the correction wave (II) is over. And the price is rising in wave (III), so we will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level. ChianLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, ChianLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave C May be complete and the price increase again in Wave A or I. ChianLink/ U.S. dollar(LINKUSD)Trading Strategy: It looks like the correction wave (II) is over. And the price is rising in wave (III), so we will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level. ChianLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • If you had left a limit order based on the previous margin requirement, it's likely the system would've adjusted it to match the new rate once it changed. This helps prevent any unexpected margin calls. However, it's always wise to double-check your orders, especially when there are fluctuations in margin requirements. 
    • Just look at CZ's impact on Binance or Gracy Chen's leadership at Bitget. It's incredible how a visionary leader can propel an organization forward. Gracy Chen's track record speaks for itself – fourfold growth in two years is no small feat! With her at the helm, Bitget could indeed be on track to reach new heights.
×
×
  • Create New...
us