I'm new to IB and also new to using more complex stops & limits.
I want to Buy stock that is rebounding and experiencing an up-trend.
For now I'd like to:
-Set a higher BUY to trigger at a breakthrough point (trending up)
-Once triggered, include a stop-loss at a price I specify in case it turns negative
Eventually I'd like to do the above, but also:
-Change the stop loss to a trailing-stop once the trade becomes profitable by an amount determined by me (ie, say.. 0.5%?). The trailing-stop would also be adjustable by me.
Right now I'm using IB demo, and I can't figure out how to buy at a higher price.
If I set a higher BUY stop-limit or limit, it triggers a buy at current price (since it thinks its saving me money)
thanks for helping. Pretty new to this
I want to Buy stock that is rebounding and experiencing an up-trend.
For now I'd like to:
-Set a higher BUY to trigger at a breakthrough point (trending up)
-Once triggered, include a stop-loss at a price I specify in case it turns negative
Eventually I'd like to do the above, but also:
-Change the stop loss to a trailing-stop once the trade becomes profitable by an amount determined by me (ie, say.. 0.5%?). The trailing-stop would also be adjustable by me.
Right now I'm using IB demo, and I can't figure out how to buy at a higher price.
If I set a higher BUY stop-limit or limit, it triggers a buy at current price (since it thinks its saving me money)
thanks for helping. Pretty new to this