Interactive Brokers - conditional orders?

Discussion in 'Interactive Brokers' started by Saltynuts, Dec 21, 2019.

  1. Is there a way to make a conditional order that kicks in only if some other trade is made? For example, I have an order to buy security ABC at $10. If that fills, then and only then an order is placed automatically to sell security XYC at $18 or market or whatever?

    Thanks!
     
  2. Doesn't the "hedge trade" setting do this? https://www.interactivebrokers.com/...book/ordertypes/attach_a_beta_hedge_order.htm
     
    MoreLeverage and Shadetree42 like this.
  3. Yep. Attach a Beta Hedge order and set the beta to the ratio of notional size you want.
     
  4. tonyf

    tonyf

    you can use IB standard ones with API (OCA, etc...)
    or even better, let VBA do it for you