IB TWS order management question.

Discussion in 'Automated Trading' started by saico, Aug 16, 2011.

  1. saico



    I'm trying to realize this setup for some time already, but didnt find any solution yet. It would be great if someone could help.

    - I want to sell a particular stock to go short at the open by using an OPG market order.

    - Calculated from the actual entry price I want to send a LMT order with a 2% profit target.

    - If that profit target isnt reached, the position should get closed at the end of the day with a MOC order.

    Much thanks in advance!
  2. here is how this would be accomplished in tradelink (free and open source, works with IB and 16+ other brokers and feeds) :

    public class MyStrategy : ResponseTemplate
       // enable profit and stop management
       OffsetTracker ot = new OffsetTracker();
       PositionTracker pt = new PositionTracker();
       void GotOrderCancel(long id) { ot.GotCancel(id); }
       void GotFill(Trade t) { ot.Adjust(t);  pt.Adjust(t); }
       // do strategy init
       void Reset()
            // set up your targets
            ot.SendOrderEvent+=new OrderDelegate(sendorder);
            ot.SendCancelEvent += new LongDelegate(sendcancel);
            ot["IBM"] = new OffsetInfo(BarListImpl.DayFromAny("IBM").RecentBar.Close*.02m,0,1,0);
            // send entry order
            Order o = new BuyLimit("IBM",100,150); 
            o.TIF = "OPG";  // you may need to enable OPG support in IB connector in tradelink
       void GotTick(Tick k)
             // enforce end-of-day order
             if (k.time>155900)  
                 sendorder(new MarketOrderFlat(pt[k.symbol]));
                 isValid = false;
    google tradelink project or tradelink.org for more info