I asked this before and got some info from Herman and
others, it seems like it is possible
After thinking about it this is what I come up with:
Have a trendline on a chart trigger a trade using the IB
Controller. What comes to mind is 3 (or more) lines that can be drawn on a
chart, the first one would be the trigger that gets you in a trade (when price
crosses the line) the second would be the stop and the third could be a price
target.
All of the lines are placed on the chart and maybe different
colors, yellow for entry, red for stop and green for target. By putting the
yellow line (entry) first on the chart followed by the red (stop) that would
determine whether you were going long or short ie… stop above entry = short,
stop below entry = long. The target would be placed accordingly. Once the
yellow entry line is crossed then the orders are sent as a bracket order.
Any comments?
Thanks,
Bruce