Hi everyone, is there a way to automatically set a bracket order (both a Take Profit and Stop Loss) for every trade I make? For instance, let's say I want to trade the QQQ when I get my trade signal and want to automatically set a 7% Stop Loss and a 20% Take Profit when I buy the ETF. Is there a way for Interactive Brokers to "remember" my preset % TP and SL levels so I can quickly enter my position without having to worry about calculating the price for the TP and SL? I want Interactive Brokers to always remember my preset TP and SL (7% for the SL and 20% for the TP). Interactive Brokers currently allows its customers to enter bracket orders but they have to type in the specific TP price and the specific SL price. I don't want to have to worry about that when I trade on my mobile phone. Thanks
Yes, you can setup IB bracket orders for a symbol with a % stop & % profit: https://www.interactivebrokers.com/en/index.php?f=19017#02-06