Stop order on both directions with IB TWS

Discussion in 'Trading Software' started by hurricane_sh, Mar 21, 2016.

  1. With IB TWS, can I setup one or two orders to close a position when the price moves at either direction. e.g. AAPL is traded at $100, I want to close my long position if the prices drops to $99 or reaches $101, is this possible? Thanks!
     
  2. conditional order
     
    hurricane_sh likes this.
  3. Yep. One cancels other (OCO), encompassing a limit order at 101, and stop market order at 99.