Above market price limit order IBKR platform

bono123

Newbie
2 0
Hi T2W traders..

I am using IBKR platform for trading. Can someone help me with following order type:

I want to place limit order only when the market will reach specific above current market price.

for example: XYZ has current market price of $100
I want to buy it when the market will reach $101 and to sell it at $105 (take profit). if not reached take profit level, do not sell.

Please advise..

thank you..
 

correct23

Member
60 4
first, there are good videos for that on youtube.
second, you place limit and the price you want to buy in, and press the small + button on the order panel, there you nark attached bracket and put the values for TP or SL even
 

TWI

Senior member
2,527 252
The first order you wish to place is a buy stop at 101 and then the second order is a sell limit at 105. If you have not yet understood this I do suggest you pursue additional education before risking your money.
 

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