IB OSO orders...

Discussion in 'Retail Brokers' started by cclee, Feb 1, 2002.

  1. cclee

    cclee

    Hi there,
    I've been an IB user for a few months, switched over from MyTrack. I really like IB so far.

    One problem I have is that I can't monitor the market at all times, so I like to buy with Stop/Limit orders.

    In MyTrack, there is an "OSO" order type that allows a subsequent order to be issued if the first one is hit. So for example, when I get stopped into the position, a Stop Loss is immediately triggered and put into the market.

    Is there anything comparable in IB? I've been a little scared to use to stops to buy lately, because a stop loss can't be triggered right away.

    Any ideas/thoughts/suggestions would be appreciated, thank you!
     
  2. tntneo

    tntneo Moderator

    it is possible to generate OSO orders with the excel API integration. I think I read an example of how to do it. There are some issues with the excel interface please read the other threads on this topic.
    But at one point someone will come up with all kind of automated orders for IB within excel (or a DDE program) or with the still to come ActiveX interface.