Anyone know how to set a stop loss + take profit order in Interactive Brokers?

Let's say i'm in a stock at $5.10 and I want to set a stop loss at $5.02 but a take profit at $5.20.

How do I do this in IB?

Thanks

 

You're looking for a Bracket Order (sometimes called OTOCO--one triggers one cancels other) to set this up on entry or a One Cancels Other if you're already in the position.

 

You are not the first one to ask. The search engine gives this answer: https://www.elitetrader.com/et/thre...e-bracket-orders-for-an-open-position.250163/

 

Thanks, that's helpful.

 

Actually that video is a bit oldish

When I execute from my platform I click on 'advanced' then on 'Bracket (Profit Taker + Stop Loss)'

Guess I didn't realized it was called Bracket.