Fixed Trailing Stop

[LifeMirage]

Hello, you can place this type of order in Interactive Brokers?
example:

Buy Crude oil at 105.90. Fixed Trailing Stop 10 ticks. Thus, initial stop at 105.80; if crude oil goes 105.94 to the stop remains stationary, if it goes to 106 the stop moves to 105.90 to 106.10 if it goes the stop moves to 106 ...
I ask you, if this is possible to do it with IB. Thank you very much.

 

[Liquid validity]

In short no.
IB has standard trailing stops:
https://www.interactivebrokers.com/en/software/tws/usersguidebook/ordertypes/trailing_stop.htm

For that you need to be able to alter the trailing stop step frequency.
To do what you want you need Ninja trader, Multicharts or Sierra chart.
Sierra is the cheapest that will do that:
http://www.sierrachart.com/index.php?l=doc/Packages.php#Table

Multicharts has a free version:
http://www.multicharts.com/se/
Limited to 2 live instruments - example CL & ES.

 

[LifeMirage]

In short no.
IB has standard trailing stops:
https://www.interactivebrokers.com/en/software/tws/usersguidebook/ordertypes/trailing_stop.htm

For that you need to be able to alter the trailing stop step frequency.
To do what you want you need Ninja trader, Multicharts or Sierra chart.
Sierra is the cheapest that will do that:
http://www.sierrachart.com/index.php?l=doc/Packages.php#Table

Multicharts has a free version:
http://www.multicharts.com/se/
Limited to 2 live instruments - example CL & ES.

thanks for your response. I was looking at NinjaTrader, is it good?

 

[Liquid validity]

thanks for your response. I was looking at NinjaTrader, is it good?

Yeah, I actually use Ninja and have more experience with it than the others.
Reason I didn't suggest it was because the live license is more than Multicharts free
or Sierra.
If thats not a problem, sure go for it.
The others do the exact same thing though.
Depends on other features you may want as well really,
and overall feel of platform.
For what I do I prefer Ninja, its largely personal preference though.
Try them all, Ninja is free for SIM only, Multicharts is free, Sierra is low priced and has demo period.
They all have strengths and weaknesses.

 

[LifeMirage]

Yeah, I actually use Ninja and have more experience with it than the others.
Reason I didn't suggest it was because the live license is more than Multicharts free
or Sierra.
If thats not a problem, sure go for it.
The others do the exact same thing though.
Depends on other features you may want as well really,
and overall feel of platform.
For what I do I prefer Ninja, its largely personal preference though.
Try them all, Ninja is free for SIM only, Multicharts is free, Sierra is low priced and has demo period.
They all have strengths and weaknesses.

I saw that NinjaTrader has a free version. With this version you can use the fixed trailing stop on futures?
Last thing, where can I find a guide to ninjatradar?

 

[Liquid validity]

I saw that NinjaTrader has a free version. With this version you can use the fixed trailing stop on futures?
Last thing, where can I find a guide to ninjatradar?

Yes trailing stops can be used on free version, Its SIM only though.
To execute live trades with Ninja you need a live license.
Ninja has no instrument limitation - no problem with futures.

Guides:
http://www.ninjatrader.com/support/helpGuides/nt7/
Online help is playing up (EDIT - java disabled on my PC), PDF here:
http://www.ninjatrader.com/support/helpGuides/nt7/pdf/NinjaTraderVersion7HelpGuide.pdf
http://www.ninjatrader.com/support/helpGuides/nt7/index.html?video_library.htm
http://www.ninjatrader.com/Support#Help-Guides
http://www.ninjatrader.com/support/forum/

Ninja free version:
http://www.ninjatrader.com/download-free.php
Leased:
http://www.ninjatrader.com/purchase-lease.php
Lifetime license:
http://www.ninjatrader.com/purchase-own.php

Best bet is try free first, if you like it lease for 3 months, then buy lifetime license (cheaper than ongoing lease).

 

[LifeMirage]

Yes trailing stops can be used on free version, Its SIM only though.
To execute live trades with Ninja you need a live license.
Ninja has no instrument limitation - no problem with futures.

Guides:
http://www.ninjatrader.com/support/helpGuides/nt7/
Online help is playing up (EDIT - java disabled on my PC), PDF here:
http://www.ninjatrader.com/support/helpGuides/nt7/pdf/NinjaTraderVersion7HelpGuide.pdf
http://www.ninjatrader.com/support/helpGuides/nt7/index.html?video_library.htm
http://www.ninjatrader.com/Support#Help-Guides
http://www.ninjatrader.com/support/forum/

Ninja free version:
http://www.ninjatrader.com/download-free.php
Leased:
http://www.ninjatrader.com/purchase-lease.php
Lifetime license:
http://www.ninjatrader.com/purchase-own.php

Best bet is try free first, if you like it lease for 3 months, then buy lifetime license (cheaper than ongoing lease).

great