How to use Adjustable Stop and Scale Target Orders in TWS
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This is a tutorial shows how to configure more advanced bracket orders in TWS by Interactive Brokers. The first way we showed is by configuring them directly into a hotkey or mouse click on the BookTrader or ChartTrader. The second way is by configuring them into a ticker preset and only creating a button to select the price and submit the order. This second method would be useful if you need to configure different risk parameters associated with different tickers. In the example we did not create ticker presets but we just used “Futures” and showed that it defaulted to that preset no matter which ticker we selected. Always perform testing in a simulated trading environment before applying anything into a live trading environment.
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01:58 Explaining the adjustable stop and scale out targets
04:27 Example with the BookTrader
06:31 Explaining brackets using ticker presets
08:50 Prompting an order that will use preset attached orders