IB - Adjusting Position Size (impossible?)

[Sabia]

Hi,

I think I am wishing something that is impossible to do but is there any way to adjust the "Quantity" based on a fixed position $dollar size while placing market (MKT) orders?

In other words, say I want a position size of $10,000 can I adjust the "Quantity" of shares to this $ value and have this order At Market? Automated?

Even if it was roughly around the $10,000 would be great

Thanks Sabia.

 

[giggollo]

Try "Use Default Amount to Calculate Size" under

http://www.interactivebrokers.com/php/webhelp/Screens/Default_Order_Settings.htm

 

[Sabia]

Quote from giggollo:

Try "Use Default Amount to Calculate Size" under

http://www.interactivebrokers.com/php/webhelp/Screens/Default_Order_Settings.htm

Thanks giggollo!

Does this work without market data and using "Good After Time?"

I didn't mention that in my post above.

Is this "Default Amount to Calculate Size" used as a quick way to have the quantity calculated for a trade made straight away?

Thanks.

 

[forex-forex]

10,000 / stock price = Quantity

 

[Sabia]

Quote from forex-forex:

10,000 / stock price = Quantity

Thanks forex - I maybe wrong but jeez there are some fantastically sarcastic posts on ET. Sorry if I have msundstood your intentions/big text!

Did you miss the word - Automated?

Cheers Sabia.