Q? for IB Traders using Trail Stop

Discussion in 'Order Execution' started by ER9, Sep 10, 2006.

  1. ER9


    iv'e never used IB's trailing stops before so im unsure about something.

    lets say i place a long position with a -2.5 trail stop....if i place a limit sell at 3.25 above my entry price (target profit) and its executed will the trail stop automatically dissapear after exacution of the limit order or will it turn into a short?
  2. You have to look into OCA (one cancels all) orders, in the Help files.

    The easiest way to do it is using bracket-orders; you place a buy-stop, and two sell orders, one stop below the entry and one limit above.

  3. ER9


    much thanks ursa...will look into that.