Move SL to Breakeven once near Take Profit? (order type in IBKR?)

[traderday321]

Hello,

Is there an order type in IBKR to automatically adjust my STOP LOSS to Breakeven entry point once I'm near Take Profit?

For example, Assume I enter a futures position with a bracket order (including SL AND TP). Now, for example, if my open position reaches 3 ticks away from Take Profit, is there some sort of setting in IB where my SL can automatically be adjusted to Breakeven Entry pt?

This way worst case if I do get stopped out it's at Breakeven, and of coarse lose out on some commissions.

Thanks.

 

[BKR88]

Hello,

Is there an order type in IBKR to automatically adjust my STOP LOSS to Breakeven entry point once I'm near Take Profit?

For example, Assume I enter a futures position with a bracket order (including SL AND TP). Now, for example, if my open position reaches 3 ticks away from Take Profit, is there some sort of setting in IB where my SL can automatically be adjusted to Breakeven Entry pt?

This way worst case if I do get stopped out it's at Breakeven, and of coarse lose out on some commissions.

Thanks.

https://www.interactivebrokers.com/lib/cstools/faq/#/content/35803714

 

[schizo]

Hello,

Is there an order type in IBKR to automatically adjust my STOP LOSS to Breakeven entry point once I'm near Take Profit?

For example, Assume I enter a futures position with a bracket order (including SL AND TP). Now, for example, if my open position reaches 3 ticks away from Take Profit, is there some sort of setting in IB where my SL can automatically be adjusted to Breakeven Entry pt?

This way worst case if I do get stopped out it's at Breakeven, and of coarse lose out on some commissions.

Thanks.

Adjustable Stop Orders
https://www.interactivebrokers.com/en/trading/orders/adjustable-stop.php