stop/limit IB

Discussion in 'Retail Brokers' started by abxs, Jun 18, 2006.

  1. abxs


    How can I make an order that automatically cancels another one. For instance I placed a stop sell order 5 ticks below and a limit sell order 10 ticks above the current price...

    It happened to me once that (when I was just 2 minutes afk) my limit was triggered but ALSO my stop! (because the price swung up/down).

    Is there any way to prevent this from happening or have one exection cancel the other ?
  2. frugi


    Go to Page >> Layout
    Tick box marked "OCA Group" in right hand column. Click Apply and OK.

    When you set up your limit and stop give them an identical name / number in the new OCA Group column that will have appeared on the order entry page. One will then cancel the other when either is triggered. In fact you can have more than two if you want.
  3. ddunbar

    ddunbar Guest

  4. Just setup a hotkey that creates a buy/sell order with your bracket already setup...much faster.