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Is it possible to implement this trade in IB?
Started:April 30th, 2015 (01:49 PM) by vopiscus Views / Replies:321 / 0
Last Reply:April 30th, 2015 (01:49 PM) Attachments:0

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Is it possible to implement this trade in IB?

Old April 30th, 2015, 01:49 PM   #1 (permalink)
Trading Apprentice
Los Angeles, CA
Futures Experience: Intermediate
Platform: IB
Favorite Futures: ES
Posts: 1 since Apr 2015
Thanks: 0 given, 0 received

Is it possible to implement this trade in IB?

Let's say that I am currently short 1 contract of ES @ 2100.

Is there an easy way in IB to ALWAYS go to 0 (i.e. +1 contract ES) when the price hits 2014, and ALWAYS go back to -1 when the price drops below 2100 again?

In this simple case, market orders would be fine with me.

But the key is that this trade could reverse itself a hundred times in a week without me touching a button (just simply obeying the rule of always short 1 contract when at or under 2100 & then always back to no net position when at or over 2014, until I'm ready to turn it off. (This is for a hedge)

Is there a way to do this natively in IB?

If not, are there any API plugins or other options not involving custom coding that can implement this within IB?

If not, are there other broker software or trading software (again, not involving custom coding) that could do this?

Thanks in advance.

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