Is there a way to put in an order with IB via TWS with partial profit (say half of position to be closed at a specified price)? I have searched and searched and can't find a solution. Bracket order would have done the job but does allow the order size for the take profit to be changed (defaults to the full original order size). Thanks
if you buy 100x's @ 10 (shares, futures what ever) and you want to take profit on half at 15 you can just put a sell limit order for 5 @ 15
He's talking about having his original OCO group updated to account for the position partially closed. OP: no, TWS does not do this. Either do it manually, use an interface that can, or use 2 original orders when putting on the position.
Ahh, okay he wants to link the two orders. Sorry I haven't used the UI only the API for interactive brokers. But I know from the API you can attach an OCO group onto an order manually. Not sure how this works in the GUI. EDIT - Using TWS just then, I could enter a Limit order for my scenario above then in the advanced box I can enter a stop loss in the area "One Cancels Other" You would have to enter two stop losses for the sizes in each area, but i assume you would want to do that as one stop loss would be linked to one take profit anyway.
"After the bracket is placed edit the exit size or buy..." @Autodidact, how do you do this, as I can's see the option to do this (the order size field is greyed out - not editable)?
"Either do it manually,...." @i960, how do you do it manually (from what I already do using the bracket order)? Thanks
Been over 5 years since this post...does anyone know how to take a partial profit on TWS with IB. Like taking 50% of the position off with a hotkey? Thanks,