When opening a sell stop in IB TWS, is there a way to have the stop price downward, if the price goes up to a certain level? I can tighten with the adjustable stop, but cannot figure out a way to loosen, since conditional STP orders are not allowed. Thanks. Tom C
Do you want to manipulate the price of the stop order manually in TWS, or have it done automatically?
I don't think that this is possible through TWS. What it offers is either a fixed trailing amount or a trailing percentage. In both cases does it trail in the same direction as the price of the instrument (e.g. stock price). You would have to manually change this trail amount setting every now and then to place it further away from the instrument's price when its price has increased further, but that might not be a practical solution. Or you would need to write some software and use IB's API, to make your own simulated trailing stop order in the way you want.