Conditional orders

J

john7722

Hello, Could you help me to modify my orders ?
I do little bit of trading and I use a stop loss but I often miss out on the uptrend.

Let say :
You bought ABC for $10
ABC trading at $9.8

Now you set an order with these 4 conditions
SELL orders
1. IF ABC drops below $9.5 then sell
2. IF ABC reaches $10.30 then trigger a STP LOSS ORDER at $10.20
3. IF ABC reaches $10.30 + 0.5% THEN move STP LOSS ORDER UP which is set at CURRENT PRICE MINUS 1%
4. IF we reach a new high again which would be ( $10.30+0.5% + 0.5%) then set a new STP LOSS at a current price minus 1%

and so on ..

Every time we reach a new high which is I set to current price + 0.5% we would also move up STP LOSS order automatically to a current price minus 1%

Is it possible to do that automatically ?
I currently use IB
I can't program but I have someone who can if necessary.

Thank you .
 
john7722 said:
Hello, Could you help me to modify my orders ?
I do little bit of trading and I use a stop loss but I often miss out on the uptrend.

Let say :
You bought ABC for $10
ABC trading at $9.8

Now you set an order with these 4 conditions
SELL orders
1. IF ABC drops below $9.5 then sell
2. IF ABC reaches $10.30 then trigger a STP LOSS ORDER at $10.20
3. IF ABC reaches $10.30 + 0.5% THEN move STP LOSS ORDER UP which is set at CURRENT PRICE MINUS 1%
4. IF we reach a new high again which would be ( $10.30+0.5% + 0.5%) then set a new STP LOSS at a current price minus 1%

and so on ..

Every time we reach a new high which is I set to current price + 0.5% we would also move up STP LOSS order automatically to a current price minus 1%

Is it possible to do that automatically ?
I currently use IB
I can't program but I have someone who can if necessary.

Thank you .
More...

The answer is no. IB permits only 3 conditions, and will not run calculations as you described.
 
You must log in or register to reply here.
Back
Top