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Wes Smith

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Posts: 199

Joined: 10/11/2012
Location: Ontario,Canada

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Subject : IB Charting
Posted : 4/8/2013 1:44 PM
Post #25333 - In reply to #25086

I never thought I would say this, but the TWS build we'e using for OV/TP has some very nice features.

- Chart is linked to portfolio... ie the chart changes to the symbol I touch in TWS.
- Orders are visible on the chart
- Orders can be adjusted on the chart (Similar to OV/VT)
--- For example .. it's easy to adjust stops on the chart.
- Your position is shown
- Your profit/lost for the position is shown
- You can close the trade from the chart

What I'm do now is letting the TP create a %15 stop loss when it makes a trade.
I then view each trade on a chart and adjust the stop to what I feel is a good level (prior support etc)...

There are Pros and cons to adjusting stops like this of course .. just using it here as an example of what can be done.



[Edited by Wes Smith on 4/8/2013 1:47 PM]

Attached file : IB-Charting.png (78KB - 2807 downloads)

Deleting message 25333 : IB Charting


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