In IBKR Mobile you can create a new order with an attached Profit Taker order or add a Profit Taker order leg to an existing open order using the Attach Order section of the Order Ticket.
To attach a Profit Taker order to a new order:
- At the bottom of the Order Ticket tap Attach Order and then tap Profit Taker. Modify order parameters as needed.
To add a Profit Taker order to an existing open order:
- Tap the Account menu icon (head and shoulders) in the top left corner of the app.
- Tap Transactions and then tap Orders.
- From the Orders screen tap the order you want to modify then tap Modify Order.
- In the Attach Order section, tap to show the dropdown list and select Profit Taker.
- Edit parameters as needed, review and Submit the modifications.
The Profit Taker order is designed to close out a profitable position. For a BUY parent order, the profit taker is a high-side sell order that uses the same order quantity as the parent, and a price offset (set to 1.00 by default; you can change the Profit Taker limit price). For a SELL parent order, it is a low-side buy order. The order will be created, but will not be submitted until the parent order fills.
Additional Information
- Attaching profit taker orders in IBKR Mobile for Android available in our User Guides
- Attaching profit taker order in IBKR Mobile for iOS available in our User Guides