TWS 'quantity by amount' implementation

Discussion in 'Interactive Brokers' started by ScroogeMcDuck, Aug 21, 2024.

  1. It should just divide the amount by the limit price and submit a guaranteed limit order for that many shares rounded down. It shouldn't try to do some just in time cancellation nonsense or prevent you from doing short sales using a quantity by amount order preset. The 'cash estimate quantity factor' field shouldn't exist because it's only relevant to market orders that no one should ever use.

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  2. Because of this bad design I have to create a different quantity order preset manually for each ticker and can't just have it fill that automatically by dividing $10k by the price.
     
  3. maxinger

    maxinger

    Simply change to another broker/trading platform.
    There are hundreds of them for you to choose from.


    It is not wise to get angry over quantity by amount 'problem'.