Hello justisan,

This is PRT-IB, right ?

I think I ran in this situation when something went wrong with the AutoTrading, e.g. a TP remained but the Position itself was exited by me manually and next a new AutoTrading System was started by me (via ProOrder). Otherwise I would not know how to incur for this situation. But you know it, I assume ? so … how ??

I would deem the situation relatively “extremely” dangerous indeed and for the reasons you tell/imply and see in the message. This, with the notice that the distance does not need to be huge at all because it depends on how it emerged (which can be subject to your unintended coding errors as well). But otherwise the trailing could have done something (can only be your own in PRT-IB).
Or … there is this left-over (say Pending Stop), the price dropped significantly in two days of time (or last night 🙂 ) and there’s a new order which could even be UNDER that price (for a Long).

The crucial question remains : how do you incur for the situation in the first place ?
Some day I read about (or did it myself) that a Pending Stop (or Limit) could emerge right at the same bar as the Entry. Is it that somehow ?

Anyway OCO is not possible with AutoTrading … as far as I know …
Peter

Because of your explanation, I now recall that I have been talking to support that actually in PRT-IG this is arranged for, without really knowing it, hence without really doing something about it. See below and look at the yellow small balls. In this case I can only show a position (at the bottom) and a Pending Buy Stop (at the top) and this actually shows as the Manual orders in PRT-IB. But with PRT-IB the connections don’t appear / don’t exist and with that they don’t work either. But you have that message to warn you.
When in PRT-IG a Stop and a Limit order would occur at the same time, three of those yellow balls will be visible (and can find an example in earlier made screenshots, if you want).

Something else is that you should be able to solve it in code;
There is no real difference between e.g. a Limit order which still has to cause “position” (your lacking OCO situation) and one which takes profit. But, the difference would be that the latter will throw out the position, while the former needs to be cancelled by yourself. Ehh … needs to be not repeated by you, because that is how it works.

So now suddenly all looks normal to me. 🙁
Still I know of the situation with IB (only with them) that such an orphaned order can remain (see my previous post). But you talk about it as a normal situation … hmm … Maybee you need this :

If On Market then
  // Put Stop and or Limit orders - they will occur in the next bar.
endif

This is what I do. And now they don’t appear “immediately”. So maybe now PRT doesn’t notice and don’t bring me the message ? (with the same danger in the end)

In automatic trading PRT places the two Working Orders, if one executes the second remains on the market until the next calculation (and then it depends on whether the code still requires it to be placed).
If the second Working Order executes on the same candlestick as the first, the position will be reversed, no position hedging with an IB account.

I can’t compare with your exact situation, but if I exit an order with a Market Order while a Pending Stop is also there (not talking about StopLoss !) then this Pending Stop only disappears at the next bar. Thus, nobody removes that Pending Stop order – me neither. But because it is not given again (remember, my position is now closed so my code won’t resubmit that Pending Stop order), it just stays for the bar (-time) to unwind. However …

I have a growing collection of some times interesting videos (now 500 or so) that can bring some interesting data in aftermath. So I was looking for the proof of what I said above (could not readily find it) but ran into one you see a screenshot of below. You can see the Exit cross already there, and will take it from me that all the three labels (position + orders) disappear at the quite exact same time. And well, I am not sure I expected this, regarding my text above. Thus that the position disappears** with the Limit order being filled, OK, but the Pending Stop also with it ? hmm. Or was that a StopLoss ? … I don’t know any more.

**): This is V12 on May 2, 2023, and there are so many thing wrong with it (still are). For example, look at the position amount in the Pending Order labels. That tells 2, while it is 4. Unbearable things come from it, like statistics (Detailed Reports) failing everywhere.
Please keep in mind what I told elsewhere : I now work around all these issues mostly by avoiding them. And since none of these tickets was ever announced as resolved, I suppose all these anomalies are still in there. But … in PRT-IB. PRT-IG is another matter (failing instantly for me because of disappearing order labels).
Try to envision that at PRT hardly anyone is trading like we do, let alone that there people AutoTrade. They don’t. So they can only live by their own decency without being able to really test. And copying what I / we present them … how ?!?

Hi justisan – new incoming, not responding to your last post, but to the thread : By pure coincidence I just discovered this (see attached). It is the message you are taking about, although from a twisted angle; The warning is the same (“you may end up with an inverted position), but the cause is just a bug (of V12 of couuuurse). So add the two position amounts you see at the bottom and compare that with the total qty StopLoss as presented in the message). Nicely the same. 🙁 Watch out, this is PRT-IG. Knowing this, it is easy to find another twist – see in the 2nd attachment. This shows a position with more than the current stop orders, the message telling me that my “orders” (meaning Stop protection) “don’t cover for the position I have”. And it is indeed where these yellow ball stuff has been created for : increasing / decreasing positions telling you by means of yellow mark that things are not in balance. But they are, and this is just a bug. Fact is that you can see that these type of messages now lure under the hood, waiting for you to be confused. So who or what tells that the message is even justified in your case, justisan ? You may try this in V12 (if you’re not in there already), and look what these (tooltip) messages tell you in your situation. Notice that these yellow balls can be switched off and that maybe they are not visible currently in your account.