Setting Alerts and Actions in IB Trader Workstation

[DayTradersWin]

Ran accross your video - friend and subscribe for wealth building videos - day trader, day trading, day trade

[malthus101]

Thanks for this - helpful.

[ryoga316]

thank you for posting this. I'm new to TWS and I'd really like to learn more on its functionality. I hope you'd be giving more tutorials like this in the future.

[jwilly333]

Thanks. I do plan on making more videos - I have been pretty busy lately on other projects, but keep checking.

[luncheonechelon]

there's also a "hidden" order setting in IB which you can also use :)

[jwilly333]

Well, there you see? I don't claim to know everything and it's good to know about the 'hidden' option. I may include that in some future video. Thinks for bringing it up.

[graykin22]

Is there a reason one would *not* use a hidden order? Seems like it would be better to use hidden instead of a reg order anytime?

[luncheonechelon]

why not do a limit order at 52 dollars instead of using an alert?

[jwilly333]

The reason, and I think I mentioned it in the video, is that limit and stop orders are visible to market makers when they are entered. Sometimes market makers move prices to take out limits and stops if they see enough of them, and then move the price back. By using an alert, the limit order is not sent to the exchange until the alert is triggered.