IB Bracket Docs?

Discussion in 'Retail Brokers' started by 8hcap, Dec 8, 2002.

  1. 8hcap

    8hcap

    Just looking for documentation on the bracket option in TWS. I was playing with it in the simulator and it seems that it bracketed securities by a fixed $1.

    I'd like to know if the STOP and LIMIT can be set at %'s above and below the price of the initial long/short position.

    Thanks in advance.
     
  2. def

    def Interactive Brokers

    You can't do it by % at this time (perhaps in a later release) but you can change the defaults when setting up via a hotkey.

    1. Configure
    2. choose buy or sell
    3. create short cut then go to customize
    4. make order type limit
    4. choose bracket on the autostop manu
    5. change the +/- prices for stop and autolimit (i.e. +2 and -5)
    6. click back on short cuts (do not hit ok)
    7. record the hot key

    your done.
     
  3. 8hcap

    8hcap

    Got it. Thank you.
     
  4. syd697

    syd697

    where on the IB site or in the user's manual does it tell how to set up a bracket trade? Can't seem to find documentation.

    Thanks