Orders

Orders are commands sent to your broker to buy or sell securities. UTM tracks order lifecycle from submission through fills.

Placing Orders

From the Dashboard

1. Click Place Order button
2. Select your account
3. Enter order details
4. Review and confirm
5. Submit

Order Entry Fields

Field	Description
Account	Trading account (only tradeable accounts shown)
Symbol	Ticker symbol (e.g., AAPL, MSFT)
Action	Buy or Sell
Quantity	Number of shares
Order Type	Market, Limit, Stop, or Stop-Limit
Limit Price	Target price (for Limit/Stop-Limit orders)
Stop Price	Trigger price (for Stop/Stop-Limit orders)
Time in Force	How long the order stays active
Extended Hours	Allow pre/post-market execution

Order Types

Market Order

Executes immediately at the best available price.

Use when: You want to enter/exit quickly and price isn't critical.

Limit Order

Executes at your specified price or better.

• Buy Limit: Fills at limit price or lower
• Sell Limit: Fills at limit price or higher

Use when: You want a specific price and can wait.

Stop Order

Becomes a market order when the stop price is reached.

• Buy Stop: Triggers when price rises to stop price
• Sell Stop: Triggers when price falls to stop price

Use when: Setting stop-losses or entering on breakouts.

Stop-Limit Order

Becomes a limit order when the stop price is reached.

Use when: You want a stop-loss with price guarantee (though may not fill).

Time in Force

How long your order stays active:

TIF	Name	Behaviour
day	Day Order	Expires at market close
gtc	Good til Cancelled	Stays active until filled or cancelled
ioc	Immediate or Cancel	Fill immediately, cancel unfilled portion
fok	Fill or Kill	Fill completely or cancel entirely
opg	Market on Open	Execute at opening auction
cls	Market on Close	Execute at closing auction
gtd	Good til Date	Active until a specific expiry datetime (expiresAt required)

See Time in Force Reference for details, including broker-specific CLS submission windows.

CLS submission deadlines

For cls orders to reach the closing auction they must be submitted before the broker's cutoff. UTM applies a relative cutoff per broker: close minus 10 minutes for Alpaca and TradeStation, close minus 15 minutes for Interactive Brokers. Strategy auto-close enforces a minimum 15-minute buffer and downgrades to day if a close job fires past the cutoff, so positions are not left open overnight. Paper accounts always use a plain market / day order for auto-close because paper endpoints do not handle the closing auction reliably. See Time in Force Reference for the full table.

Extended Hours Trading

Trade before market open or after close.

Pre-market: 4:00 AM - 9:30 AM ET After-hours: 4:00 PM - 8:00 PM ET

To enable:

1. Toggle "Extended Hours" in order entry
2. Order type must be Limit

note

Extended hours have wider spreads and less liquidity. Use limit orders to control execution price.

Order Statuses

Status	Meaning
pending	Submitted, awaiting broker acknowledgment
new	Order received and accepted by broker
accepted	Broker acknowledged receipt
partial	Some shares filled, remainder still open
filled	Completely filled
cancelled	Cancelled (by you or broker)
rejected	Broker rejected the order
expired	Time in force expired
submissionFailed	UTM could not deliver the order to your broker after several automatic retries. Check the broker connection and re-place it.

Viewing Orders

Orders Page

Navigate to Orders to see all orders with filters:

• Status: Active, Filled, Cancelled, All
• Symbol: Filter by ticker
• Date Range: From/to date
• Account: Specific account

Order Details

Click any order to see:

• Full order parameters
• Status history (timeline)
• Executions (fills)
• Related signal (if from signal)
• Related trade

Cancelling Orders

Single Order

1. Find order in Orders list
2. Click Cancel
3. Confirm cancellation

Bulk Cancel

1. Select multiple orders
2. Click Cancel Selected

warning

Only orders in pending, new, accepted, or partial status can be cancelled. Filled orders cannot be undone - you must place a closing order.

Order Status Timeline

Each order shows a timeline of status changes:

pending (9:30:00 AM) → User submitted
    ↓
new (9:30:01 AM) → Broker received order
    ↓
accepted (9:30:01 AM) → Broker acknowledged
    ↓
filled (9:30:15 AM) → 100 shares @ $175.50

This helps track exactly when each status change occurred.

Common Issues

Order Rejected

Check:

• Account has sufficient buying power
• Symbol is tradeable on this broker
• Market is open (for market orders)
• Limit price is reasonable

Order Not Filling

For limit orders:

• Price may not have reached your limit
• Check bid/ask spread
• Consider adjusting price

For market orders:

• Check if market is open
• Extended hours requires limit orders

Wrong Account

Always verify the account before submitting. UTM prevents cross-mode orders (live orders in paper mode).