Platform that allows to set maximum open positions?

Discussion in 'Retail Brokers' started by daniel_tysen, Mar 1, 2010.

  1. I'm looking for a broker where I can set a number of maximum open positions at which it cancels all other entry orders or stops executing them.

    As an example I might enter 50 orders to get into 50 different stocks. If 30 of those get executed I have my position limit reached and don't want to get triggered into additional positions. Therefor I'd like to see the remaining entry-orders set inactive.

    Anyone know a broker that does that? Looked at IB but didn't find such a feature.
  2. Anyone? Any other ideas maybe how to manage this?