You can create a Conditional order in the Mosaic layout by starting on the Portfolio tab or on a Watchlist in the Mosaic Monitor window.
- Hover your mouse over a symbol in the Financial Instrument column and right click on the symbol
- Go to Trade (if you do not see the item, click on the arrowhead at the bottom of the menu to expand it and view all selections)
- Click on Order Ticket
- When the Order Ticket opens, left click on the Conditional tab. If you do not see the Conditional tab, first click on the tab with the arrowhead to Enable Hidden Features
- Click the Add button on your right to choose which type of condition you wish to set. Types of conditions include Price, Margin Cushion, Volume, Percentage Change, Trade, or Shortable Shares. Choose your condition type, click the Next button, and follow the prompts to finish setting up your condition
- Once finished, you will be brought back to the Order Ticket window
- Once you are ready to Transmit your order, click the blue Transmit button at the bottom of the window (or "T" if you have reduced the size of the Transmit field).
After the Conditional order is created you can double left click on the order in the Activity window to re-open the Order Ticket and review the selections you made on the Conditional tab.
Please Note
- The Add button will be grayed out if the order has already been submitted as you cannot add a condition to an outstanding order. The condition will need to be added prior to submitting the order.
Additional Information
- Conditional Orders on the IBKR website and in the TWS Users' Guide.
- Conditional Orders Study Notes