How can I place an IB order relative to the market in advance?

Discussion in 'Retail Brokers' started by jpatet, Apr 29, 2006.

  1. jpatet

    jpatet

    I know how to place a futures Market order using TWS’s “Good After Time” order. But is there a way to also place a Stop order a certain defined distance away from the market at that future time for ES on Globex? For example, if a GAT Market Buy order is set to execute at Noon, and the price at that time is 1300, is there a method or a type of Stop order that can also be set up in advance to be transmitted at, say, the then-current Ask price minus 5 (1295 in this case)? Thank you.