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Interactive Brokers / NT7 / profit and move to BE

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Interactive Brokers / NT7 / profit and move to BE

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  #1 (permalink)
Northern Ireland, UK
Posts: 68 since Dec 2010
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Hi all, Using Interactive Brokers and NT is it possible to move my stop automatically to breakeven after I have hit my first target? For example say I'm using 3 range charts and looking for small momentum moves with my stop loss 1 pip behind my entry candle (so a 4 pip stop loss) what I'm looking for is 50% of my position closed when I have made 5 pips (1 pip for the spread on eur-usd) and then the remaining 50% set to BE after this I will manually trail my stop, Is this possible with a IB and NT combination? Any help is appreciated..........thanks

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  #3 (permalink)
Experience: Advanced
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Trading: Stocks
Ryanb's Avatar
Posts: 196 since Sep 2010
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yes that`s all possible.

the data of interactive brokers ain't that fast and good so you`ll probably want to have a zen-fire connection or IQfeed (monthly costs)

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January 26, 2011

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