How do you do this at IB?

Discussion in 'Retail Brokers' started by chanelops, Jan 24, 2013.

  1. This is a relatively simple question, but I'm having a hard time deciphering the IB manual.

    Here's what I want to do: at a specified time tonight I will be away from my computer, so I now want to enter a market order to buy a security at that time. That's a piece of cake, done it many times.

    But, how do I set things up so that simultaneously with the order being filled a bracket order is implemented with a stop loss that is X points below the market order execution price, and a sell limit order that is Y points above the execution price?

    Since IB has about a gazillion types of orders, I'm sure this is possible (probably even easy), but I'm just missing it. I see the bracket order, it's setting the relative price below (and above) the execution price that is puzzling me.

    Any and all suggestions appreciated.