On Suborder Cancel

Ironbeam Trading Platform
1

image

When setting up a new Trailing Stop strategy I can select two options for the question:
“On Suborder Cancel”

Selections are either “Stop Entire Order” or “Continue”.

If I select “Continue” does that mean that the original buy order will remain and only the trailing stop portion will be cancelled?

If I select “Stop Entire Order” will that cancel both the trailing stop and close out the original order as well?

Thanks!

2

Hey there,

If you select “Continue”, then if you cancel sub order 1, it will still trigger sub order 2 upon cancellation of sub order 1. If you select “stop entire order”, then cancelling sub order 1 prior to be filled, the entire order strategy is cancelled and no orders will be triggered.

Mike Murphy
[email protected]