Execution
Once a broker is connected, Ordertune can submit orders directly to your broker. This page explains the full execution flow, order status lifecycle, and position size configuration.
How Auto-Execution Works
Signals Appear on the Dashboard
Each morning (or after the previous close), new entry signals appear in the signal table on your dashboard. Exit signals are also shown for any open positions that have hit their exit condition.
Review the Signal
Before executing, review the signal details:
- Ticker and Strategy
- Entry mode (market, limit, opening auction, closing auction)
- Limit price (if applicable)
- Your configured position size
Click Execute
Click the Execute button on the signal row. A confirmation dialog appears showing:
- Order type and limit price (if applicable)
- Quantity (calculated from your position size setting)
- Estimated order value
- Broker that will receive the order
Confirm the Order
Click Confirm in the dialog. Ordertune sends the order to your broker via the connected API. The signal row status changes to Submitted.
Track the Fill
Once the broker reports a fill, the status updates to:
- Filled — order executed successfully, position is open
- Failed — broker rejected the order (see error message)
- Cancelled — limit order that did not trigger (for opening/closing auction limits)
Order Status Reference
| Status | Meaning |
|---|---|
New | Signal generated — no action taken |
Submitted | Order sent to broker — awaiting confirmation |
Filled | Broker confirmed fill — position is open |
Partially Filled | Some shares filled, order still open |
Cancelled | Limit not triggered or order was manually cancelled |
Failed | Broker rejected order — check error message |
Closed | Exit order was filled — position is closed |
Position Size Configuration
Set your position size before executing any orders. The default is disabled — Ordertune will not submit orders without a configured position size.
Position size is configured in Settings → Execution → Position Size. Two modes are available:
Fixed Dollar Amount
Ordertune calculates the share quantity by dividing your fixed dollar amount by the current reference price:
Quantity = Fixed Dollar Amount ÷ Reference PriceExample: Fixed amount = $2,000, stock trading at $142.50 → Quantity = 14 shares
Percentage of Portfolio
Ordertune calculates position size as a percentage of your connected broker's portfolio value:
Quantity = (Portfolio Value × Percentage) ÷ Reference PriceExample: Portfolio = $50,000, percentage = 4%, stock at $142.50 → Quantity = 14 shares
Percentage-based sizing requires a connected broker so Ordertune can read your current portfolio value.
Pre-Execution Checklist
Before submitting your first live order:
- Position size is configured in Settings → Execution
- Broker connection is active (green status indicator)
- For IBKR: IB Gateway is running and browser session is authenticated
- For opening auction orders: it is before 9:28 AM ET
- For closing auction orders: it is before 3:50 PM ET
- You have reviewed the order type and limit price in the confirmation dialog
Simultaneous Positions
There is no fixed cap on open positions. Ordertune runs 9 strategies, each of which can independently generate multiple signals — all of which can result in open positions when conditions are met. The actual number of concurrent open positions depends on how many signals across all strategies have been confirmed as filled.
Margin is recommended if you want to sustain broad simultaneous exposure. Without margin, your available buying power limits how many positions can be entered at the same time.
Manual Execution
If you prefer to execute manually (without auto-execution), you can still use Ordertune's signals:
- Read the signal details from the dashboard
- Submit the order manually in your broker's platform
- Mark the signal as Manually Filled in the Ordertune dashboard to track the position
The IBKR Basket CSV attached to your daily email is designed for exactly this workflow — see IBKR Basket CSV for import instructions.