IB improvements

They may not be quite as intuitive anymore but from an aesthetic point of view I find them much more appealing than the old ones. The placement is kind of odd, though. Or is there a purpose in placing the Transmit and Cancel button miles away from each other?

Dave
 
Originally posted by Grabbit
I would like to have a "Close Position" option. It could go like this:

In the main screen, for a stock that you have a position for, right-click on the position size (or on the stock symbol of a position), and get the option "Close Position". Clicking this would create a new order line, with a default order type. Sell for a long position, buy for a short, for exactly the right order size to close the position.
Only thing left to do would be to send the order.
It would work a lot faster, and you would avoid mistakes.
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Come' to think of it, just a left-click on the position size should be enough to create an order line that would close the position.
Can we have that, def?
 
Grabbit,

I agree there should be a way to click once and send
an order to close a position. A click on the shares
you currently hold which generates (create) a order to
close that position with that size would be really nice.

When I say generate a order, I don't mean transmit. A
user should have the option to raise/lower the price
before hitting the transmit.

There were times when I was in a hurry to close my
position and I ended up doubling my position. I was
shocked when I checked my account screen but at least
the stock didn't move against me.
 
Originally posted by jsmith

When I say generate a order, I don't mean transmit
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Agree. That's how I meant it too.

There were times when I was in a hurry to close my
position and I ended up doubling my position.
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Yes, it's a mistake that's easily made in TWS, especially with short positions. Or closing out only for your default size, when you have a larger position, happened to me more than once.

So just 'click on position size' and transmit the order should do the trick to avoid such mistakes and to get out of a position really quickly. I think it would be an advantage over other traders to be able to get out so quickly.
 
def,

The T for Transmit and the C for Cancel in the colored fields are a brilliant idea. Thanks.


Originally posted by def
I thnk you'll find the OCA for groups feature is what many of you have been requesting
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I don't think you quite understood what we (or at least I) meant by the question of OCA orders. This is what I had in mind:
Currently to enter an OCA group, you have to go through the ticket screen. Which is so cumbersome that I rarely use it. It would be great if you could combine two order lines without opening the ticket screen. So: create two order lines in the normal way, let's say a buy order and a stop order, and then highlight these two lines using Ctrl + click. And then when these two order lines are highlighted, you would right-click on one of them and have the option "OCA" (or "Combine as OCA"). Click on that and the two orders are linked as OCA and can be transmitted. It would be cool to have it visualized in one of the fields that they are combined, but maybe that's for a next release then.
As pointed out earlier, it would not be necessary to enter a group name for the OCA. TWS can do this by itself. Ideally this would be the same as the stock symbol for which the orders are meant. If orders for two different stocks are linked, it could be a number.

See what I mean?
 
Grabbit

740 almost has what you're requesting, but it's not enabled by default. Select Page/Layout and activate the "oca group". you will now be able to enter the group name directly on the main trading screen.

The only slightly annoying thing is that you cannot add the oca group after you've submitted the order.

Try the demo. It's configured correctly to show OCA (that's how I found out)
 
vikana,

Thanks. I found it. It's not in the manual yet (or at least I could not find it there).

def,

This means you can ignore my previous post. (But only that one :) ). Sorry. And thanks for a great feature.
 
What I would like to see at IB is an execution only platform that could be accessed from any computer so that no matter where you were you could get in or out of a trade. This, of course, would be in addition to their regular TWS. It would not have to have quotes or anything. I know I'm dreaming but thought I would mention it. The one thing I used to like about Datek was that I could access my account from any computer.
 
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