Is there a way to do a % profit taking sell in IB

Discussion in 'Order Execution' started by ACUK, Jul 26, 2019.

  1. ACUK

    ACUK

    Hi - is there a way in IB to set an order to sell when the price makes a, say, 100% gain from the entry price?

    I can see trailing stop sell but not this.

    Thanks :)
     
  2. guru

    guru

    Use bracket orders for profit taking.
    You can attach either a profit or stop loss, or both exit orders to any order you place.
    If you already placed an initial entry order, right click on it and select “Attach -> Profit-taker -> Limit”.
    https://www.interactivebrokers.com/en/index.php?f=583
     
  3. It is called a "limit sell" order (LMT SELL). If you bought for price x, you put in 2*x as limit price. Your position will be sold once the price exceeds 2*x.
     
  4. ACUK

    ACUK

    Thanks for your replies :)