Place automatic bracket orders IB -API

Discussion in 'Automated Trading' started by juangecko, Mar 5, 2007.

  1. Hi,

    I am not familiar with APIs, but wanted to know if there is a possibility to a place bracket orders automatically with only entering a price. The orders then will appear in TWS.

    For example:

    I want to generate a bracket order for the emini SPX future (ESH7) with predifined parameters (+-6) from an entered price. For ESH7
    will be + - 6pts from the entered price (1400).

    1) The API will ask me a price for the ESH7
    2) I type in 1400
    3) the Api generates the follwoing orders:

    Buy ESH7 @ 1394.00
    Sell ESH7 @ 1396.00 (bracket order)

    Sell ESH7 @ 1406.00
    Buy ESH7 @ 1404.00 (bracket order)

    I do not want the stop loss of the bracket order.Is this possible?
    How should I do it with VBA, java? Could someone show me the correct path...

    Regards

    JB
     
  2. teun

    teun

    Can't you just save a template in TWS? I know you can do this with a basket order. So maybe you can put a bracket order into a basket.

    About not having the stop loss. I tried in TWS and you can delete one of the 2 "legs" of the bracket order. However, I can't confirm this from trades.
     
  3. Thanks- Finally I used bracket trader.
    Regards

    Juan
     
  4. teun

    teun

    BTW, instead of attaching a bracket order you can also attach other order types to the original order.