Auto Strategy Question

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Thomas Mann
Posts: 173
Joined: 25 Aug 2007

Auto Strategy Question

Postby Thomas Mann » 11 Dec 2008

Is there a way to send a cancel on open stops that may be active on a symbol at IB. The reason I want to do this is to chase a stop under a rising profitable trade quickly. Any thoughts or ideas would be greatly appreciated.

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Marina Pashkova
Posts: 2758
Joined: 27 Jul 2007

Postby Marina Pashkova » 18 Dec 2008

Hi Thomas,

You can only cancel a stop order that is active in IB by turning off auto trading (in the AA mode) and choosing the option to cancell all unfilled orders. There is no way to do so from an active strategy. Of course, you could try closing the order at IB manually, but that would result in a mismatch between the positions on the chart and those at the broker.


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