{"id":75438,"date":"2021-02-10T10:00:00","date_gmt":"2021-02-10T15:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=75438"},"modified":"2023-01-20T14:55:43","modified_gmt":"2023-01-20T19:55:43","slug":"how-to-code-an-adjustable-stop-order-in-python","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/how-to-code-an-adjustable-stop-order-in-python\/","title":{"rendered":"How to Code an Adjustable Stop Order in Python"},"content":{"rendered":"\n
\"Algo<\/figure>\n\n\n\n

You can attach one-time adjustments to stop, stop limit, trailing stop and trailing stop limit orders. When you attach an adjusted order, you set a trigger price that triggers a modification of the original (or parent) order, instead of triggering order transmission.<\/p><\/blockquote>\n\n\n\n

Let\u2019s refer to IBKR API GitHub<\/a> to learn how to code an Adjustable Stop Order<\/a> in Python.<\/p>\n\n\n\n

\t\n# Attached order is a conventional STP order in opposite direction
\norder = OrderSamples.Stop(“SELL” if parent.action == “BUY” else “BUY”,
\nparent.totalQuantity, attachedOrderStopPrice)
\norder.parentId = parent.orderId

\n#When trigger price is penetrated
\norder.triggerPrice = triggerPrice

\n#The parent order will be turned into a STP order
\norder.adjustedOrderType = “STP”

\n#With the given STP price
\norder.adjustedStopPrice = adjustStopPrice
\n<\/p>\n\n\n\n

Visit our GitHub<\/a> guide to download the API sample Testbed<\/code>, and review the Python code for additional order types: https:\/\/interactivebrokers.github.io\/<\/a>. The sample syntax is stored in the OrderSamples.py<\/code><\/strong> file.<\/p>\n\n\n\n

Stay tuned for IBKR order type articles. See the previous installments in this series: <\/p>\n\n\n\n