Interactive Brokers BUY limits

Discussion in 'Order Execution' started by humble_trader, Aug 25, 2015.

  1. I'm new to IB and also new to using more complex stops & limits.

    I want to Buy stock that is rebounding and experiencing an up-trend.

    For now I'd like to:
    -Set a higher BUY to trigger at a breakthrough point (trending up)
    -Once triggered, include a stop-loss at a price I specify in case it turns negative

    Eventually I'd like to do the above, but also:
    -Change the stop loss to a trailing-stop once the trade becomes profitable by an amount determined by me (ie, say.. 0.5%?). The trailing-stop would also be adjustable by me.

    Right now I'm using IB demo, and I can't figure out how to buy at a higher price.
    If I set a higher BUY stop-limit or limit, it triggers a buy at current price (since it thinks its saving me money)

    thanks for helping. Pretty new to this
     
  2. Nevermind, I figured out.
    Somehow it wasn't working right, now it is. Probably my fault!

    Ok, now I can accomplish everything I'm asking for.
    The non-funded demo version doesn't allow all options (like profit-taking 'trailing limit' attached to a buy order). But I can see where to attach it, and also attach a sell stop-loss