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noodle

Hidden market orders IB

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Hi All,

 

Ive been lurking some time on this forum setting up my DAS after getting fed up with TWS. A question on order routing with DAS + IB. I trade moderate size and in TWS always use hidden/ icerberg Market orders. In DAS if entering manually I believe the "Display" box is where you can choose to show x no. shares at  a time? But I have no idea how to incorporate this into the dynamic position sizing hotkeys? 

Is this possible? I believe with IB a default market order should be routed as MARKET or SMRTM? I dont really like to use limit orders as I primarily swing trade and just want to get into the position not run the risk of not being filled due to a few cents, I suppose I could use a limit buy with a large range of +0.5% or so.

- Also, does anyone know what code to put in hotkey to limit position size to max$ amount? I know the dynamic hotkey has max% at risk but i also want to limit the overall max position size.

Many thanks for any advice!

 

Edited by noodle

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Thanks, ah okay that makes sense about IB and DAS being completely sperate, so IB are not executing the orders at all. 

Yep I think that's probably the way to do it that I can understand, use the $ at risk position sizing code and put my buying buyer to say 50% of my account value so if the buy used all my BP then it would be a 50% position size.  Thanks!

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