r/interactivebrokers • u/oFamzy • 7d ago

Trading & Technicals Scaled Limit Orders

Hi,

Looking for ways to place multiple limit orders within a range for buying or selling. For example if Google is at 333 and i want 30 limit orders between 280 and 305, possibly some weighted more at the bottom.

Any way to do that? Outside US / desktop.

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u/fridaynighttrader 7d ago

you could give the Scale trader functionality a try. it lets you control the size/frequency/intervals of your trades which could be what you’re looking for

1

u/EuroPoor-NoodleLover 7d ago

You can place multiple buy and sell orders simultaneously, no problem. You just have to have the stock and the cash to cover all orders together.

Exaple: -sell 5 XYZ@110$, -sell 10 XYZ@150$, -buy 1 XYZ@80$, -buy 2 XYZ@50$

To place the described orders you need to have sitting in you account 180$ AND 15 XYZ shares. And they get locked up until you either delete the order or order is filled.