Newbie questions: What order types do we use in these cases?

[mizhael]

Hi guys,

I am thinking of trying some trading strategies in InteractiveBrokers,

but I don't know what realistic order types shall I use to achieve the following trading strategies...

Could you please help me?

Thanks!

(1a) In a trend-following strategy,

when we go long when the price is moving up and breaking the target line, what order type is that?

(1b) In a trend-following strategy,

when we go short when the price is moving down and breaking the target line, what order type is that?

(2a) In a contrarian strategy,

when we go short when the price is moving up and hitting the target line, what order type is that?

(2b) In a contrarian strategy,

when we go long when the price is moving down and hitting the target line, what order type is that?



Thanks!

 

[plan]

1a) buy stop b) sell stop 2 a) sell stop b) buy stop