{"id":224128,"date":"2025-05-19T10:00:00","date_gmt":"2025-05-19T14:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=224128"},"modified":"2025-05-27T12:49:51","modified_gmt":"2025-05-27T16:49:51","slug":"ibkr-toolbox-using-the-exit-strategy-tool-in-tws","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-toolbox\/ibkr-toolbox-using-the-exit-strategy-tool-in-tws\/","title":{"rendered":"IBKR Toolbox: \u00a0Using the Exit Strategy Tool in TWS"},"content":{"rendered":"\n<p>The Interactive Brokers Exit Strategy tool allows the investor to set up a stop loss, profit taker, or both, also known as a bracket order, to exit a current position. This can be extremely helpful if the investor has an existing position and wants to set up an exit strategy that can limit loss and or protect profit with orders that are ready to go and be submitted when the price of the instrument hits a certain level.<\/p>\n\n\n\n<p>The Exit Strategy tool can be accessed by clicking on a symbol in the portfolio page, scrolling down to Trade and selecting, \u201cCreate Target\/Stop Exit Bracket\u201d.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"930\" height=\"751\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture1-6.png\" alt=\"The Exit Strategy tool can be accessed by clicking on a symbol in the portfolio page, scrolling down to Trade and selecting, \u201cCreate Target\/Stop Exit Bracket\u201d.\" class=\"wp-image-224129 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture1-6.png 930w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture1-6-700x565.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture1-6-300x242.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture1-6-768x620.png 768w\" data-sizes=\"(max-width: 930px) 100vw, 930px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 930px; aspect-ratio: 930\/751;\" \/><\/figure>\n\n\n\n<p>In this example the investor has a long position of 900 shares of AT&amp;T (Symbol: T) that they purchased for an average price of $27.491 and would like to set up a bracket order to close out of the position to either lock in a profit of $1,358.22 for a 5.49% return at $29.00 or limit their loss to $1,341.78 or -5.42% if T declines to $26.00.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"936\" height=\"275\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture2.png\" alt=\"In this example the investor has a long position of 900 shares of AT&amp;T (Symbol: T) that they purchased for an average price of $27.491 \" class=\"wp-image-224130 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture2.png 936w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture2-700x206.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture2-300x88.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture2-768x226.png 768w\" data-sizes=\"(max-width: 936px) 100vw, 936px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 936px; aspect-ratio: 936\/275;\" \/><\/figure>\n\n\n\n<p>The bracket order types are adjustable by selecting the drop-down box and choosing from Limit, Relative, or Retail Price Improvement for the Profit Taker and Stop, Stop Limit, Trailing, or Trailing Limit for the Stop Loss. For more on order types please see the <a href=\"https:\/\/www.interactivebrokers.com\/en\/trading\/ordertypes.php\">Order Types<\/a> page on our website under trading. &nbsp;Prices are adjustable either by clicking on the prices in the table or dragging the lines in the chart. The investor can also select the Time-in-Force, Good \u2018Til Cancelled is the default setting and will allow the orders to stay active past the trading day if not filled. The table also shows the current bid and ask as well as the unrealized and Daily P&amp;L.<\/p>\n\n\n\n<p>The time frame shown on the chart is adjustable by dragging the line below to increase or decrease the time-period shown. The blue bubble after the current day shows the standard deviation of the underlying and can be adjusted to show a standard deviation of 1, 2, or 3 by clicking on the chart, selecting Chart Parameters and adjusting the Estimated Price Range.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"940\" height=\"733\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture3.png\" alt=\" selecting Chart Parameters and adjusting the Estimated Price Range.\" class=\"wp-image-224131 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture3.png 940w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture3-700x546.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture3-300x234.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture3-768x599.png 768w\" data-sizes=\"(max-width: 940px) 100vw, 940px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 940px; aspect-ratio: 940\/733;\" \/><\/figure>\n\n\n\n<p>Once the investor is ready to create the orders they can click on \u201cPreview Orders\u201d to see the Order Confirmation window and review the order details. Once ready they click transmit to enable the bracket orders.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1040\" height=\"584\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture4.png\" alt=\"The Exit Strategy tool available on the TWS, Client Portal, and Mobile app \" class=\"wp-image-224132 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture4.png 1040w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture4-700x393.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture4-300x168.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/Picture4-768x431.png 768w\" data-sizes=\"(max-width: 1040px) 100vw, 1040px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1040px; aspect-ratio: 1040\/584;\" \/><\/figure>\n\n\n\n<p>The Exit Strategy tool available on the TWS, Client Portal, and Mobile app allows the investor to create orders to close out an existing position while either locking in a profit or limiting loss without having to constantly monitor the underlying instruments price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Interactive Brokers Exit Strategy tool allows the investor to set up a stop loss, profit taker, or both, also known as a bracket order, to exit a current position. <\/p>\n","protected":false},"author":914,"featured_media":224166,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18613,6,8,9,26,3,177],"tags":[6074,19564,4135,8182,3456],"contributors-categories":[13576],"class_list":{"0":"post-224128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-toolbox","8":"category-north-america","9":"category-region","10":"category-securities","11":"category-text-articles","12":"category-traders-insight","13":"category-education","14":"tag-bracket-orders","15":"tag-profit-target","16":"tag-risk-management","17":"tag-stop-loss","18":"tag-trader-workstation","19":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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