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Updated December 20, 2012
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#1 (permalink )
Netherlands, Blaricum
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
Posts: 250 since Dec 2010
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I have a question about submitting a certain type of order to my broker.
I use Interactive brokers .
Below is my problem with hypothetical example.
What I need : see attached chart. Price is now 3288. I want to short when price touches 3286. I want to submit a LMT order SELL 1.3286. Normally I wait till price reaches 3286 and manually submit a SELL LMT order for 1.3286, but isn’t there an order which automatically will submit this order to the exchange when 1.3286 is reached?
I experimented with LIT and STP LMT orders, without much success.
Please help, Willem
( I contacted IB helpdesk but they could not help me )
Can you help answer these questions from other members on futures io?
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#3 (permalink )
Oberhausen, Germany
Experience: Advanced
Platform: Sierracharts
Broker: Interactive Brokers/DTN IQFeed
Trading: Bund Future
Posts: 278 since Aug 2011
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This is done via a Sell Stop Limit order.
In BookTrader you right-click at the price in the Ask-size column - if you have not changed the default settings.
I don't know NinjaTrader , so I don't know how to configure that. But I'm sure it can be done.
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#4 (permalink )
Netherlands, Blaricum
Experience: Intermediate
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Broker: IB
Trading: Options
Posts: 250 since Dec 2010
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FGBL07
This is done via a
Sell Stop Limit order.
In BookTrader you right-click at the price in the Ask-size column - if you have not changed the default settings.
I don't know
NinjaTrader , so I don't know how to configure that. But I'm sure it can be done.
FGBL07, thanks for answering. Do you mean a STP LMT order, as in attached picture?
And if so, how would you set the touched triger? I've experimented, but I don't get it done unfortunately.
One of my worst enemies are my own false assumptions
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#5 (permalink )
Oberhausen, Germany
Experience: Advanced
Platform: Sierracharts
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Trading: Bund Future
Posts: 278 since Aug 2011
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This was configured in BookTrader -> Hotkeys. Hope the screenshots explain it.
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#6 (permalink )
Netherlands, Blaricum
Experience: Intermediate
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Thanks FGBL07,
it works perfect. Thanks for your help!
One of my worst enemies are my own false assumptions
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#7 (permalink )
Pismo Beach CA
Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Trading: ES, NQ, IBB, IWM, NG
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Zwaen
I have a question about submitting a certain type of order to my broker.
I use
Interactive brokers .
Below is my problem with hypothetical example.
What I need : see attached chart. Price is now 3288. I want to short when price touches 3286. I want to submit a LMT order SELL 1.3286. Normally I wait till price reaches 3286 and manually submit a SELL LMT order for 1.3286, but isn’t there an order which automatically will submit this order to the exchange when 1.3286 is reached?
I experimented with LIT and
STP LMT orders, without much success.
Please help, Willem
( I contacted IB helpdesk but they could not help me )
SELL STOP order should have worked but I'm not familiar with IB's various interfaces implementations of that.
At the risk of encouraging 'over trading', have you tried the Buttontrader.com trading interface to IB? I think they are located in your part of the world.
Their software would easily handle that trade to IB and really is the best overall short term trading interface I've ever seen (works only with IB) .... cost associated of course.
But, you should be able to get that trade working with IB's stuff. Good luck.
ps - oops you have it working. Buttontrader might still be worth a look to you ....
"The Future Ain't what it used to be"
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#8 (permalink )
Netherlands, Blaricum
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
Posts: 250 since Dec 2010
Thanks: 848 given,
237
received
Hi HeyWally,
I'm happy the way it works right now, so no need for that. But thanks for posting, I will take a look at it.
One of my worst enemies are my own false assumptions
Last Updated on December 20, 2012
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