Quote from hans123:
A question about order types for IB.
I want to enter an order at the end of the current trading day for the next trading day. I want to buy/sell the future (FDAX) only if the next day open of the index (DAX) is up/below a certain level.
Is this possible?
Thanks.
I think so.
Check out conditional orders in the IB
user guide under advanced order types.
You can make orders contingent on the
value of an index.
It seems like you would want to set up
an OCA order group with a buy and a sell
order for FDAX, with each side being
contingent on the value of DAX. That can
be done by bringing up the order ticket
window and clicking on the conditional tab.
You also want to arrange that the orders
are only in force for some reasonably
short time period around the opening
of DAX, so that you get something like
the opening value. I think you can do that
in the TIF tab by setting the time in force
field to GTD, and entering values for both
Good After Time and Exp. Date and Time
that bracket the time of opening of DAX.
Good Trading!
