If some stocks are not getting completely filled, can I change the order type while the active order is still working? Do I cancel the original order, and enter a new order with a different order type? Can I go into IB and make a manual change from within IB? How does the live book handle an order that is partially filled by the end of the day.
Housekeeping question. I have a live book portfolio containing one R2G asset that I actively trade. I want to create a new live book that contains several R2G assets including the one I already trade. I want to use Trade to purchase the new assets, and then I want to combine new, and old assets into one live book. What’s the best way to do this?
You cannot modify orders on TRADE. You can modify them on IB , like change the limit price, and TRADE will still get the fills. I’m not sure what would happen if you change the number of shares. I would not advise doing so.
If the trade is generated from a recommendation from Book or a Port, nothing happens in there until there are fills. If a rec is to buy 100 of ABC but only 50 get filled, then a P123 transaction is created for 50 shares. If there are no fills it’s like the rebalance never happened (although we do reset the last rebalance date)
Also please note that reconciling fills with live Ports & Books only happens when IB tells us the order is complete or it expires, and the reconciliation process only runs every 5 minutes for efficiency purposes. In the above example of 50 fills vs the 100 order, the P123 transction should appear after market close once incomplete orders are expired.
For your last question, I think the best course of action is to manually add the positions.
Thanks for the response. TRADE is working very well.
I have a live book containing 2 R2G assets. I want to add cash, and one more R2G asset. Before doing this using real money, I tried doing this experimentally. I created a live book containing 2 R2G assets (50% each) with $100k, I added $100k cash, then I edited the Trading System and added 1 R2G asset (3 total assets at 33% each). Next I did a rebalance. The resulting distribution gave the newly added asset 33% of $200k, but did not increase the distribution for the other 2 original assets, except oddly buying more TLT which was a hedge in one of the original 2 assets. The remainder was held in cash.
The experimental live book name is “TLT Mix25 LIVE - TEST”