Dear pointofbrew,

Every single screenshot I showed is from LIVE.
I have 20-40 Auto Trades each day on IG. This means ~12000 since the time I started all, November 2022. None shows a delay that I can find, unless I do something wrong myself. Just in case, I am again showing a bunch of trades, the last which occurred. Nothing specially select to show a case or my righty of you will. I count 27 trades on this (last) Friday. So I will try again :

All lines with black in the rightmost column, are entries. All the “Koop Bestens” are Market orders, and they were filed in the exact first second of the minute (:00).
All lines with green in the rightmost column, are exits. All the “Positie sluiten” are Market orders, and they were filed in the exact first second of the minute (:00).

This is always the case as far as I see happening. Unless in erroneous situations, like coincidentally happened Friday afternoon (broker issues) when our systems are kicked out and other things go wrong. But this is not what we are talking about here.

All the lines with black in the rightmost column (which thus are entries) showing “Limit” are pending orders which fill randomly throughout the minute. You can see that happening. These are “correct” orders. Please verify for yourself that you can see this happening in my picture below, OK ?

All the lines with black in the rightmost column (which thus are entries) which would show “Stop” are pending orders which would be wrong. You do not see these orders in my picture because I don’t place wrong orders. 😉 Please verify for yourself (Internet, his very forum perhaps) that pending Stop orders should not be used for Entry, or else they will act as Market orders. And Yes, you can use them, but if used, it would testify of wrong usage. N.b.: I can do that too, in more complex situations and it requires a lot of reasoning when it can be done and what would be the results in which exact situations. Further hint : Use Limit orders in your testing, and I would understand what you are doing. Now a couple of brain cells tell me “error”.

All the lines with green in the rightmost column (which thus are exits) which show “Stop” are pending orders which normally will show on a random second throughout the minute. Please verify for yourself that you see this happening. While at this little task, notice the two orders at 01:45:00 which don’t comply to this “rule” and which is not a coincidence. In such a situation – a Pending Stop which goes out immediately – I virtually placed the Pending Stop at the wrong side of the price, which happens when the trailing narrows in combination with spread (notice this is at night) and I push the Stop price through the price of the instrument so it ends above the price. This is “wrong” between large quotes and the order will go out immediately, despite it is a Pending Order. It is not wrong at all for me in this case, because (I think) I know what I am doing, plus the order needed to exit anyway.

To enable some visualisation for you, I added the second picture. The white line shows the trailing – the orange line are “due” Market Orders which in this case (this sample-picture) cause the exit as a “Positie sluiten” in my first picture. This is not really related to your subject, but just pictures what could be happening and it may make “speak” my texts a little better.
But, it may show what I meant in my last paragraph above, how the trailing is pushed through the price. Hence, the white line ends above the price and would that be Pending Orders, then right at the whole minute (in my 1 minute TF case) the position would exit.

Of course you know all this because you are a trader. Still in your examples – in text and in shown code – you don’t comply to this really. I too think that your English is perfect (mine is not !), but like I said, the entities / phenomena you point out, don’t fit in my books. I could try to tell you that you may approach things wrongly, but that does not come across as nice. 🙂

I could also say that a perceived delay of IG could be between your ears, never mind you could reason the why of it. It just is not so, or else my :00 times would never show. But they do – always where they should.

If I would apply your test it would be a completely different test without opportunity for misinterpretation. And I will apply your test, if I can find a means that won’t lose my money. At this moment I still don’t understand a hoot of your means, would that be for Live (thus not Demo). And in Demo I will not test anything, because the outcome can not tell a single thing. Not to me. But then I need the rest and focus to do it. This could be right now, but now no market is open and during the week I tend to have a normal job.

Can we please turn things around … Can you tell me what is wrong with what I showed and told about in this post ? Where do I miss things when I show my :00 entries or exits ? Does this perception of life (Live) harm reality of what you see ? Should I look at something else in my list of trades ?

image_2024-01-21_022701403.png image_2024-01-21_025902248.png

JohnScher wrote:

I have up to 8 systems 1H, 4H that start a trade on Monday morning 09.00 in Dax40. Do not ask about the execution. Only rarely is there a system that starts trading at 09.00.00. 09.00.01-09.00.07 seems to be the norm.

(emphasis is mine)

Of course we should know about the execution, because it is all about that, right ? So … normal Market orders ?

But John, your post makes me think of something very different …

This is Eurex, right ? well, Eurex has its own order book and it is not at the broker’s. E.g. Nasdaq, which I showed in this post, has its order book at the broker. Thus, my order is given directly to for example Interactive Brokers. Or, in the case of IG, to IG. Not so with Eurex …

If I am talking from my neck, let me know.

Somewhere last week I talked about the extra 0,25 I need to pay (to Eurex) when I move a pending order. But, 10 moves are for free per running position. Thus, if my trailing would last as long (xx bars) as I showed in the post above, I am charged xx minus 10 times 0,25. This is because of the extra effort involved around this virtual extra step in the order process.
Please note that while I got this data from IBKR (my AutoTrading for DAX and ESTOXX is at PRT-IB), I take it that this counts for IG just the same. It is Eurex which maintains the orderbook(s) and I would not know how IG could go around it.

What I am now suddenly thinking is that this just takes round trip time. Maybe more than one communication back and forth. This is about asking, confirming, executing, and all the more stuff I don’t know much about. I wouldn’t know how pointofbrew’s observation wouldn’t be logical. Never mind I don’t understand his means of testing yet.

@pointofbrew, did you test this same on Nasdaq ? if not, can you ?
And please ignore my well meant advices for now. Just do your thing in the same way.

And John, despite that you may see the same thing as pointofbrew does, your 09:00:00 thing is exactly what I was talking about, but inverse : at that time the whole world *is* trading and move markets (make that the whole of Europe). All Eurex stock markets open, and that may cause some delay in all the communications (interfaces) to all directions. I mean, you may see a different result on 11:00, or even better 11:07:24 (etc.). You will see the same on 08:00, 10:00, 15:30, 17:30, 22:00, 23:00, because these are all market opening/closing times. I know from PRT-IB what all can go wrong at 22:00, just because the US closes its stock markets (me trading Futures which stay open till 23:00). I even have excluded that moment from trading because IB can’t cope there (for Autotrading and in communication with the outer world (IB)).

… But I rather want pointofbrew to be right … and that there *is* this delay.

PeterSt wrote:

I mean, you may see a different result on 11:00, or even better 11:07:24 (etc.). You will see the same on 08:00, 10:00, 15:30, 17:30, 22:00, 23:00, because these are all market opening/closing times.

I woke thinking the same as above, then read Peter’s post.

It be good if pointofbrew could run his code, but with times not on the hour and also avoiding the times Peter states above. 

Times could be set at exactly 2 minutes past the hour, or 13 minutes past the hour or similar, but no multiples of 5 mins, e.g. not 5, 10, 15, 30, 45 … etc mins past the hour, as these are all often used trading times.

If times at exactly x minutes past the hour (excluding above) are used then it be easy to spot delays in the seconds figure.