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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 )
Last edited by Zwaen; December 20th, 2012 at 10:52 AM.
Reason: add picture
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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
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 ....
