IB Bracket Orders, will outer brackets misfire if entry not filled first?

Discussion in 'Order Execution' started by AlmostGotIt, May 29, 2008.

  1. If you set up a bracket order in IB using the "attach bracket order" feature... with a buy stop limit order as the entry, a sell stop order underneath to act as a stop loss, and a sell limit order above to automatically take profits…

    If the stop loss order is hit before the entry order is filled, will it short on accident? --- and/or --- if the profit taking sell limit order is somehow hit before the entry order, like if the market moved too fast and went beyond the limit on the entry before it got filled, will the profit taking sell limit order sell short on accident? Im hoping its smarter than that...

  2. cvds16


    the bracket orders are not put into the market untill the original order gets filled
  3. Lucrum


    He's correct, your stop loss order can't be elected until your entry order fills.
  4. thanks for your help guys.