How do I create a Stop order in TWS?

A Stop order is an instruction to submit a buy or sell market order if and when the user-specified stop trigger price is attained or penetrated. A Stop order is not guaranteed a specific execution price and may execute significantly away from its stop price. A Sell Stop order is always placed below the current market price and is typically used to limit a loss or protect a profit on a long stock position. A Buy Stop order is always placed above the current market price, and is typically used to limit a loss or help protect a profit on a short sale.

To place a Stop order from the Mosaic Order Entry panel:

  1. Enter or select a symbol and then click Buy or Sell
  2. Set the order size and select STP as the order type
  3. Enter a trigger price to determine at what price the Stop will activate
  4. Complete the order parameters
  5. Hit SUBMIT.

Find out more on the Stop orders page of the IBKR website.

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