I have several open (discretionary) positions and want to flatten all positions if the combined unrealized profit reverts back to zero (or dips below zero). Assumption is that the combined pnl is positive at the time of such order entry. Does such order exist? Can I possibly set up a basket on whose unrealized pnl I peg several stop orders or one basket stop order? I know this can be done relatively easily via API and coding up something but I wonder whether IB offers a solution to this problem out of the box. Anyone? Thanks .
This should be relatively straight forward if you enter the basket as a combo and then put a stop order on the combo price.
well that is my question, does TWS allow spot currencies to be entered and traded as basket? Keep in mind that some of the positions in the basket might be long, others short. Also keep in mind that this is more complex than trading just stocks denominated in one single currency. A 1 pip move in gbpusd produces a different pnl than a 1 pip move in usdjpy.