Hey Verillo thanks a lot for this been waiting for someone to come up with a video of this nature! Golden and surprised you’re not charging for sharing this! Much appreciated everything you do here, top man!
Another great video! thanks a lot! I have question about how to do auto-attach stop loss order with again condition when our initial conditional order is bought? So i do not need to create sell order manually later.
Hi Verillo Trading, just found your channel. Do you have a video that goes through using and setting up the tws in more detail? For example, when I tried to drag the option contract to the watchlist and right click to buy, it doesn't show up in the same window underneath the contract. So I am not able to right click on the order and create a condition. It could be a simple oversight from my end, but I am not sure. Hoping for some beginner guidance. Thank you so much!
What you can do is view the Interactive Brokers videos playlist, one of these videos should help you: ru-vid.com/group/PLePBf4ZtCKhqBGXyB1v4xvZiMju6NQlIw If you require personalized remote assistance, this is a service we offer at a cost. www.verrillotrading.com/remote-assistance/
Hi Verrillo, you mentioned that post only wont work with combo orders. can you please expain rel+lmt and rel+mkt you posted around 23:33. is there a method where i can use that will just give me the midprice for single or combo based on conditional entry and follow the market. I like the post-only which you explained but that is only for single leg, I do alot of spreads, but sometimes only close one leg , depending on the situation. so if there is a method which will just give me the midprice regardless if its combo or single that would be great. thanks in advance
I do think the only ways to follow the market with a spread trade were shown in this video. The other way would be to write the algorithm yourself or with the help of a coder. You could write in a feature request to IBKR to see if they would add it for spreads.
The colors don't say much. What I would be more concerned with is current trade volume and the current order book for an option. Neither are shown just in an options chain.
I’m thinking API would be the only way of making it quicker from the user perspective. I know going into the order ticket to modify it every time is hectic.
@@VerrilloTrading you are very thorough and present in a very clear concise way without the annoying " yo bro " of others . ( I just turn off) My use of TWS is confined to CFD and stocks but I'm looking to move into options and your insight is invaluable as its quite a complex and confusing platform
Great video Is it possible to attach a take profit order to the conditional options order? so when the underlying asset hits a price and the option trade is filled, a target price ( take profit ) order is attached to it, is that possible?
I dont trade options very often , but maybe TWS always defaults to creating a BUY of whatever the strategy is. So when you create the STRAT TO CLOSE , it creates the reverse order type, which when bought, closes the trade. Not really odd if thats what is happening.