{"id":33711,"date":"2020-02-03T09:30:00","date_gmt":"2020-02-03T14:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=33711"},"modified":"2023-01-20T14:58:05","modified_gmt":"2023-01-20T19:58:05","slug":"coding-market-and-limit-orders-in-python","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/coding-market-and-limit-orders-in-python\/","title":{"rendered":"Coding Market and Limit Orders in Python"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The Market<\/a> order type is an order to buy or sell at the market bid or offer price. The supported products via our Trader Workstation API are: BOND,  EFP, CASH, FUND, FUT, FOP, OPT, STK, WAR . Below is an example on how to code it in Python:<\/p>\n\n\n\n

    @staticmethod
\n
\n    def MarketOrder(action:str,\nquantity:float):
\n        #! [market]
\n        order = Order()
\n        order.action = action
\n        order.orderType = “MKT”
\n        order.totalQuantity = quantity
\n        #! [market]
\n        return order<\/p>\n\n\n\n

——————————–<\/p>\n\n\n\n

A Limit<\/a> order is an order to buy or sell at a specified price or better. The supported products via our Trader Workstation API are: BOND, CASH, FUT, FOP, OPT, STK, WAR. Below is an example on how to code it in Python:<\/p>\n\n\n\n

    @staticmethod
\n
\n    def LimitOrder(action:str,\nquantity:float, limitPrice:float):
\n        # ! [limitorder]
\n
\n        order = Order()
\n        order.action = action
\n        order.orderType = “LMT”
\n        order.totalQuantity = quantity
\n        order.lmtPrice = limitPrice
\n        # ! [limitorder]
\n        return order<\/p>\n\n\n\n

——————————–<\/p>\n\n\n\n

Visit our GitHub<\/a> guide to download the API sample Testbed<\/code>, and review the Python code for other order types, such as Stop or Stop Loss order: https:\/\/interactivebrokers.github.io\/<\/a> <\/p>\n\n\n\n

The sample syntax is in the OrderSamples.py<\/code><\/strong> file. <\/p>\n\n\n\n

If you are interested in what else our GitHub can offer, see this article on building data science and algo trading skills:
\/campus\/ibkr-quant-news\/github-algo-trading-data-science\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Learn the syntax for Coding Market and Limit Orders in Python with IBKR API. 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