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STP LMT and/or LIT order in TWS


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STP LMT and/or LIT order in TWS

  #1 (permalink)
 
Zwaen's Avatar
 Zwaen 
Netherlands, Blaricum
 
Experience: Intermediate
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Hello,

I want to use a STP LMT and/or LIT order in tws from interactive brokers, however I can't seem to get it work somehow.

When you look at attached picture, what I want is to enter a lmt buy order above current price, which is triggered when price penetrates the price.

For example in the picture, price is now 3723.50. I want to enter at 3725.00 with a lmt order ( and attached bracket-order) when price touches 3725.00 and put this order in advance in the market, and cancel otherwise( instead of manually put the order in when I see price reaching 3725.00).

I experimented this with LIT and STP LMT order, but somehow can't get it to work. Tws will fill the order immediately as with a normal buy lmt order put in the market above current price. Does anyone know what I do wrong?


Update: using the 'normal layout' this is normally possible, as it should be. However when I want to enter via booktrader it doesn't work for some reason



Edit: solved: the problem was in my booktrader settings

Thanks anyway!

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  #2 (permalink)
tennon
spokane wa
 
Posts: 8 since Apr 2014
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I'm having the same problem. What was the setting you changed?

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  #3 (permalink)
 haljordan 
LA, CA USA
 
Experience: Intermediate
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in your order ticket, you have to put a limit price as well as the trigger price....

https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Flit.php


see if this works...

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  #4 (permalink)
 
Zwaen's Avatar
 Zwaen 
Netherlands, Blaricum
 
Experience: Intermediate
Platform: Excel, Python, R
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Trading: Options
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tennon View Post
I'm having the same problem. What was the setting you changed?

@tennon,
you have to configure your booktrader settings. Go to global configuration, select
1. hotkeys
2. select a configured shortcuts
3. select configure
4. customize your order here

One of my worst enemies are my own false assumptions
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  #5 (permalink)
 
Zwaen's Avatar
 Zwaen 
Netherlands, Blaricum
 
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
Posts: 250 since Dec 2010
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haljordan View Post
in your order ticket, you have to put a limit price as well as the trigger price....

https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Flit.php


see if this works...

@haljordan,
Thanks, if remembering correctly at that time I tried every combination, but could you be more specifick when you see attached picture? ( at this moment I simply enter via a normal lmt order when price trades at the trigger)

One of my worst enemies are my own false assumptions
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  #6 (permalink)
BearishHarami
Cleveland, Ohio
 
Posts: 3 since Aug 2013
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I'm having the same issue, although I don't use BookTrader. After saving my stop limit order preset, placing my order using ChartTrader results in a limit order by default. I have to then change it manually before transmitting it.

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Last Updated on May 15, 2014


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