How to trigger trailing stop limit order based on price in IB?

Discussion in 'Options' started by jawartak, Mar 27, 2019.

  1. jawartak

    jawartak

    How would I create a trailing stop limit order in IB when a straddle advances to a specific price? For example:
    • Straddle purchased at $2.50
    • Straddle reaches $2.75
    • Trailing stop limit order w/ 3% trail is automatically created at $2.75
     
  2. Do you want to create this manually in TWS? Or are you asking how to do this via the API?
     
    jawartak likes this.
  3. jawartak

    jawartak

    Thanks for your reply! I'm trying to create it manually in TWS.