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You can do a simple bracket order i TWS - you canīt do multiple targits etc- You need another tool like the ones suggested above
I am using multichart with tws
You are right about this. For example when entering with 2 units, you need need to open the orders seperately since profit-taking cannot be divided between lots in tws, when entered in 1 order.
So for example, you would like to enter short eurusd using 2 futures,
For this, I'm using TwsLink from Trade Commander. For sure, you going to have some code to write in Excel or Trade Station (Multicharts) or Ninja. But the beauty is you may end up to have full control over your order.
All my entry orders are sent via Excel button. I then manage them manually if entry do occur.
All my order are keep on IB server. If PC turn down, I'm protected
All order contain
- A date and time of validity. If not enter before the end of the bar, orders cancelled automatically
- A linked stop order that is activated only if the primary order as been executed
- An explanation string. This one is place on the same line as the order so just by looking at it, I know the characteristics of the order.
I have not implemented the OCO yet. I should but for now I trade small lot so I don't split.
I still have to develop the possibility to control my live order from Excel instead of TWS
