Move SL to Breakeven once near Take Profit? (order type in IBKR?)

Discussion in 'Interactive Brokers' started by traderday321, Jul 6, 2024.

  1. Hello,

    Is there an order type in IBKR to automatically adjust my STOP LOSS to Breakeven entry point once I'm near Take Profit?

    For example, Assume I enter a futures position with a bracket order (including SL AND TP). Now, for example, if my open position reaches 3 ticks away from Take Profit, is there some sort of setting in IB where my SL can automatically be adjusted to Breakeven Entry pt?

    This way worst case if I do get stopped out it's at Breakeven, and of coarse lose out on some commissions.

    Thanks.
     
  2. BKR88

    BKR88

    https://www.interactivebrokers.com/lib/cstools/faq/#/content/35803714
     
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  3. schizo

    schizo

    Adjustable Stop Orders
    https://www.interactivebrokers.com/en/trading/orders/adjustable-stop.php

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    upload_2024-7-6_13-48-38.png

    upload_2024-7-6_13-51-45.png
     
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