ES Journal Archive (2009 - 2010)

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Quote from oraclewizard77:



I don't know how to set both a stop and a target on IB, so I was watching the market to see if my stop got hit. It got close, but then reversed after a triple bottom. I may need to see if I can connect Ninja to IB in the future.

With IB, you can use "bracket orders" where once either the target or stop is hit, the other order is cancelled (Nice to be able to walk away sometimes)
 
Ok, maybe I can contact someone there on how to do this or if they have some information on their website.

Quote from Ramp:

With IB, you can use "bracket orders" where once either the target or stop is hit, the other order is cancelled (Nice to be able to walk away sometimes)
 
Quote from oraclewizard77:



I don't know how to set both a stop and a target on IB, so I was watching the market to see if my stop got hit. It got close, but then reversed after a triple bottom. I may need to see if I can connect Ninja to IB in the future. [/B]

I assume you only have a stop in place and want to add a target later, and if either hits, the other gets cancelled. In configeration, there's an option called "OCA Group", this allows trades to be linked. So for example, You have a stop in place that is already transmitted, and now you want to put a limit trade on, so you set up a limit trade like normal, under the catagory OCA Group, there should be a code on your stop(this can be anything you want, but on default, it should be a bunch of numbers), type in the exact code on your limit trade under oca group, and then hit transmit.

The code cannot be changed after the order has been transmitted.
 
While we're on the subject of OCO bracket orders with IB, anyone who knows how to adjust the default offset from the limit order price when using Alt-left click method of order entry on the DOM, please PM me. The default is currently 1 point, which applies to all futures whether ES or CL, and 1 pt in CL is not an appropriate default stop for me (though I'll take that target any day...)
 
Quote from NoDoji:

While we're on the subject of OCO bracket orders with IB, anyone who knows how to adjust the default offset from the limit order price when using Alt-left click method of order entry on the DOM, please PM me. The default is currently 1 point, which applies to all futures whether ES or CL, and 1 pt in CL is not an appropriate default stop for me (though I'll take that target any day...)

I answer here in case it helps other people.

In your TWS menu: Configure>Order>Order Presets

Then in the left panel, right click on "Preset>Futures" and add a Strategy or a Ticker (specifically for what you want, select Ticker).

See the guide for the details: http://www.interactivebrokers.com/en/software/tws/twsguide.htm
 

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Quote from Picaso:

I answer here in case it helps other people.

In your TWS menu: Configure>Order>Order Presets

Then in the left panel, right click on "Preset>Futures" and add a Strategy or a Ticker (specifically for what you want, select Ticker).

See the guide for the details: http://www.interactivebrokers.com/en/software/tws/twsguide.htm

Thanks, Picaso, but I'd already tried setting it there in the past and it doesn't affect the Alt-click auto bracket default of 1 point. I'll try messaging IB about it again (for the 3rd time).
 
Quote from NoDoji:

Thanks, Picaso, but I'd already tried setting it there in the past and it doesn't affect the Alt-click auto bracket default of 1 point. I'll try messaging IB about it again (for the 3rd time).

i remember setting it up - and it was tricky. not so 'user friendly'. but i finally got it set...

but, 1 thing you can always do... if you have your brackets active when you enter the trade, then you can easily just move them (manually) where you want.
 
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