Order Sends Order?

[quicktrader12]

Quote from CyborgTrading:

We offer advanced automated trade management, and the ability to do exactly what you are describing. We will be adding IB as our next platform, so no need to switch brokers.

I have been told that there are no plans to connect to Lightspeed because of the inability to access their API.

Is that true?

 

[el pollo]

Quote from Wolfgang1756:

Is there a trading platform that will do this for me:-

I punch in an order.

If and when that order is executed, another order is sent automatically? And then if the second order is also executed then another order (third) is automatically released and alive too.

Any automated trading platform that will allow this?

Thanks in advance.

TradeStation, NinjaTrader, both have an OSO function as well.

 

[auspiv]

TD Ameritrade has some of these advanced order types you're looking for.

 

[samovar]

Say I am long IBM. I put in an order for a stop loss to sell when it drops to 110. If that order is executed, then I want some new orders released immeately, like buy VIX Call (because market is going down), sell AAPL, etc.

So I need Order Sends Order.

As of 2015, IB TWS has the ability to attach a "Pair Trade" order - https://www.interactivebrokers.com/en/software/tws/usersguidebook/ordertypes/attach_a_pair_trade.htm

The attached Pair Trade can be used to hedge one contract against another, generally in the same industry. Offset a price discrepancy between the two contracts with a ratio.