Newbie questions: What order types do we use in these cases?

Discussion in 'Trading' started by mizhael, Nov 2, 2009.

  1. Hi guys,

    I am thinking of trying some trading strategies in InteractiveBrokers,

    but I don't know what realistic order types shall I use to achieve the following trading strategies...

    Could you please help me?

    Thanks!

    (1a) In a trend-following strategy,

    when we go long when the price is moving up and breaking the target line, what order type is that?

    (1b) In a trend-following strategy,

    when we go short when the price is moving down and breaking the target line, what order type is that?

    (2a) In a contrarian strategy,

    when we go short when the price is moving up and hitting the target line, what order type is that?

    (2b) In a contrarian strategy,

    when we go long when the price is moving down and hitting the target line, what order type is that?



    Thanks!
     
  2. plan

    plan

    1a) buy stop b) sell stop 2 a) sell stop b) buy stop