IB Booktrader with Bracket Orders?

Discussion in 'Order Execution' started by canuck, May 26, 2018.

  1. canuck


    Hey guys, apologizes if this was already discussed.

    Question, can IB booktrader have automatic brackets (stop loss, profit target) set-up?

    I know if it's armed the order will go into the market with one touch, but I would like my OCO stops to go in as soon as I'm filled.

    I used Sierra in the past and that was pretty good and simple, maybe I should just use that as an interface (or something else that's better?) if IB doesn't have that capability?

  2. This help ?

  3. canuck


    Thanks, but no.... I know you can enter them manually, but I want them entered automatically so when you put your order in, the brackets are ready to go (for ex. profit +10 ticks of order entry, stop loss 6 ticks etc..) and you don't have to enter them after the fact (other than moving them up or down etc...).
  4. tommcginnis


    Get thee to thy BookTrader webinar, and allth shall be-ith revealth.

    (You might even shortcut it by just googling for the webinar notes, which might save you some time. The brackets you describe worked like a charm for me. ("Back in the day" and all that.) Were I to tick-scalp today, I would re-up my watching of the latest Booktrader webinar, and set brackets. AND THEN I'd make damn sure I watched the 1-minute ATR of my target, to make sure it was at least twice my target scalp.)

    Best Wishes.
  5. tommcginnis


    Actually, that's pretty bad. Recognizing that the guy was new to IB and TWS, still, he posted *numerous* errors and misunderstandings. The video should be taken down, as doing more harm than good.:(
  6. I've watched that but I don't remember there being anything about brackets in it.
    Last edited: May 26, 2018
  7. tommcginnis


    Well, that wouldn't be the first silly thing that IB has done.
    (Amongst other things, they took down 90% of their old-but-still-relevant webinars. Jeez.)

    In any event, the first thing I would do is to check under Edit/Global_Configuration/ and either look at Order Presets or BookTrader/Order Presets. (I'll do this on Tuesday if no one else does. For now, me and The Box need to maintain a sweet distance, if you know what I mean...:D)
  8. Ok I think this guy has it .. in Spanish but actually really easy to follow.

    tommcginnis likes this.
  9. tommcginnis


    But you need the right soundtrack.....