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Date/Time: Fri, 19 Apr 2024 09:57:48 +0000

Post From: Can quantity to order be in a dollar amount divided by price?

[2017-11-22 19:47:33] Link To Thread - Link To Post [Go To First Post]
trader2017 - Posts: 87
Hello, I'm looking for a way to send orders to IB for a quantity that $2,000 would buy. For example, if the stock was $20 then the order would be for 100, if the stock was $40 then the quantity would be 50. To close it, it would have to close the existing position since the stock would most likely be trading at a different price and dividing $2,000 by the new price would not match the opening order quantity. Thanks.