Doug Hayman Posted July 20, 2018 Report Share Posted July 20, 2018 Hi guys, IB user here. So I Buy a stock for price X, and I subsequently enter a Bracket Sell Order, with a specified Limit Sell Price and Market Stop Price. By default, the # of shares of my stock purchase appear on both sides of my Bracket share sell orders, which is fine. If I subsequently modify the # of shares to be sold in my Bracket Limit Sell Order to be, say, 1/2 the # of shares of original purchase (want to take 1/2 off at stipulated level), the # of shares associated with the Bracket Market Stop order, also changes to the # of shares that I changed in my Bracket Limit Sell Order. Ideally, I'd want my Bracket Stop Market Order to reflect my entire purchase position, the Bracket Limit Order quantity to reflect the amount I changed it to, and if my Bracket Limit Sell Order is hit, I would hope that the associated Bracket Stop Market Order quantity would be decremented by the quantity stipulated in my filled Bracket Sell Limit Order. I could then subsequently enter a new Sell Limit Order for my next profit target. The way it works now is that I would need to change quantity on Bracket order, which would only reflect 1/2 the original quantity, and once hit (Profit or Stop), both halves of the order would go away, and I'd still be left with 1/2 my position, but no orders active. Alternatively, I could ignore entering a Bracket order altogether, and enter separate Sell Limit and Stop orders, after my purchase, but this ismore work, more clicks, and more time risk. Am I missing something here - is there a way to accomplish what I want with Bracket Orders as currently implemented? Any suggestions? Thanks in advance! Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted July 20, 2018 Report Share Posted July 20, 2018 That isn't how the OCA orders work and most brokers require both sides to be the same. You can just enter a 2nd bracket order for the remainder of the shares with a high limit price Quote Link to comment Share on other sites More sharing options...
Doug Hayman Posted July 20, 2018 Author Report Share Posted July 20, 2018 OK, on the 2 Bracket Orders. Hmmm, have to check on IB TWS on modifying quantity for one leg of bracket only. Thanks. Quote Link to comment Share on other sites More sharing options...
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