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    PAM Entering OCO Orders in Interactive Brokers (IB) APP

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    Mamoon20

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    PAM Entering OCO Orders in Interactive Brokers (IB) APP

    Uploaded by

    Mamoon20
    79 views13 pages

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    79 views13 pages

    PAM Entering OCO Orders in Interactive Brokers (IB) APP

    Uploaded by

    Mamoon20

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 13

    Using Interactive Brokers (IB) Mobile APP

    By: Alson Chew

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 1
    Copyright ©2022 by Piranha Ltd.
    www.piranhaprofits.com 2
    Using Interactive Brokers (IB) Mobile APP

    In addition to Interactive Brokers (IB) Webtrader, you may also use the IB Mobile APP to be
    downloaded from app store as shown

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 3
    Using Interactive Brokers (IB) Mobile APP
    In this tutorial, we will simulate entering a long OCO order using IB mobile app.
    Entry: $371.02
    SL: $357.02
    Target for RR 1:2 :$399.02

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 4
    Using Interactive Brokers (IB) Mobile APP

    Once login to IB APP, under


    Portfolio tab here you can see all
    your existing open positions in IB

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 5
    Using Interactive Brokers (IB) Mobile APP

    In this example, I do not


    have LMT in my
    watchlist, hence I key in
    LMT here and press
    Search
    Select Stock here since
    we are trading LMT
    Stock. If you are trading
    LMT Stock CFD, then
    you may select CFD. If
    you are looking to trade
    LMT options, then select
    Options.

    Select Watchlist here and


    key in the stock symbol
    which you are looking to
    trade. If the stock you are
    looking to trade is already
    in this list, then you can
    skip this step and select the
    stock straight away from
    this Watchlist.

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 6
    Using Interactive Brokers (IB) Mobile APP

    Select the blue Buy


    button here since we
    are trading Long. If
    you are shorting the
    stock, then select
    The LMT stock that you Sell.
    have selected earlier, will
    be populated here. Left
    click onto the LMT symbol
    here

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 7
    Using Interactive Brokers (IB) Mobile APP

    Update the quantity of


    stocks you are looking to
    long here. In this example,
    we are going to long 22
    shares of LMT for
    illustration purposes.

    Key in the long entry price


    here as $371.02

    Make sure to change the order


    duration to Good till Cancel
    (GTC). We always use GTC
    for all our orders. You may
    manually cancel/remove the
    order in the Order Tab (shown
    in later steps)

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 8
    Using Interactive Brokers (IB) Mobile APP

    Key in the take profit target price


    here as $399.02.
    Note that if you are long, the
    Make sure to change the target price will be higher than
    order duration to Good till your entry price. If you are short,
    Cancel (GTC). We always the target price will be lower than
    use GTC for all our orders. your entry price.
    If the order is not filled after
    some time, then manual
    cancel/remove the order in
    the Order Tab (shown in
    later steps)

    Key in the take Stop loss (SL) price


    here as $357.02.
    Note that if you are long, the SL
    price will be lower than your entry
    price. If you are short, the SL price
    Double check above OCO orders, will be higher than your entry price.
    once satisfied, Slide this button to
    submit the order. Note that the Stop here refers to a
    Stop Market Order by default.

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 9
    Using Interactive Brokers (IB) Mobile APP

    You may view your existing orders


    in IB by selecting the More tab as
    shown then select Orders &
    Trades

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 10
    Using Interactive Brokers (IB) Mobile APP

    You may modify the price of the


    order by selecting it here and
    press Modify Order Tab. You may
    also cancel the order by pressing
    the Cancel Order Tab as shown.

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 11
    Using Interactive Brokers (IB) Mobile APP

    Trades that are filled by the market will


    be shown under the Trades Tab here

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 12
    Using Interactive Brokers (IB) Mobile APP

    By: Alson Chew

    Copyright ©2022 by Piranha Ltd.


    www.piranhaprofits.com 12

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