Question about Trailing stop in IB

Discussion in 'Order Execution' started by tszwun, Jun 4, 2014.

  1. tszwun

    tszwun

    Hi all,

    This is my first message in this forum and glad to see you all. I am a newbie of trading and I have just registered IB. I have a question regarding trailing stop. For example, I have placed an order below:

    Contract HSIM4
    Buy@23117, set trailing stop as 10, stop loss at 23107

    When the price goes up 1pt the stop loss price goes up 1 pt as well and finally stop loss is triggered at 23111. My question is: Is that possible I can set the stop loss like below:

    Buy at 23117, stop loss 10pts which is 23107

    When rise to 23127, stop loss move up 10pts (23117), when rise to 23137, move up another 10pts (23127) to secure my earning?
     
  2. sprstpd

    sprstpd

    I think you would have to write your own order algorithm type with the API.