How do I configure Order Presets using value in TWS?

TWS provides a built-in, dynamic method to transact stock orders using a specified cash value instead of a share quantity. Cash Quantity allows the user to enter a cash amount in the Quantity field, which is then used along with the bid/ask price to drive the number of shares purchased With Cash Quantity, the entered cash value remains constant and the share size varies based on fill price…

You can create a stock order for a specific dollar amount by adding the "Quantity Value" column to your TWS or by setting up a default Size Amount in your Order Presets.

To add the "Quantity Value" column, click on the configure wrench in the upper right corner of the window window and select "Configure". Click on the "Order Columns" tab and expand the "Quantity" section under "Available Columns. Highlight "Quantity Value" and click the Add button in the middle followed by Apply and OK at the bottom. Once the column is added, simply enter the dollar amount you want to buy or sell. For a buy order, enter the debit amount you want to spend. For a sell order, enter the amount you want to receive as a credit. Based on the current bid/ask, your value gets rounded up or down to the nearest number of shares at the current trading price of the stock. Please note, the minimum order size will always be 1 standard lot (equal to 100 shares) regardless of the amount you enter…

Generally when you buy a stock, you specify the order size using a share amount. With the Cash Quantity feature, you can specify the size of the buy order using a cash amount instead of the number of shares. When you use Cash Quantity for the order size, the cash value drives the number of shares. If the share price moves, the number of shares is adjusted to accommodate the entered cash amount…

Generally when you buy a stock, you specify the order size using a share amount. With the Cash Quantity feature, you can specify the size of the buy order using a cash amount instead of the number of shares. When you use Cash Quantity for the order size, the cash value drives the number of shares. If the share price moves, the number of shares is adjusted to accommodate the entered cash amount…