Create, View, and Modify Orders in Charts

Duration 2:06

Level Beginner

Use the charting interface to easily add and edit orders.

Study Notes:

Users can create, view, and modify orders directly from within the Advanced Chart display.

From the Quote page open a chart.

Move the mouse along the Y axis to the far right but just inside the chart window. The on-screen message will display “Place Order” along with a plus sign.

With the mouse hovered at the price point at which an order is to be created, user clicks the plus sign, and then selects Buy or Sell.

The Rapid Order Entry ticket opens to the right with the desired order at the selected price point.

As with any order, user can modify order parameters as needed before transmitting.

Once you submit the order, you can see the order on the chart. It shows as a horizontal line, red for sell and blue for buy.

All orders for a specific underlying are displayed in the chart, whether created using the chart or by the order ticket. Likewise, orders created in the chart window are displayed in the “Orders and Trades” Tab in the Portfolio Section.

Orders may also be modified in the chart. User should hold the mouse over the order description, then click and drag to the new desired price point.

The original order is canceled and the new order is transmitted instantaneously, meaning that the Order Preview instantly updates, and the user does not have a chance to make any other changes before the order is sent.

To cancel an order from the chart, user clicks the “X” icon to the right of the quantity displayed in the chart order. Once an order is cancelled it is removed from the chart.

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Displaying Symbols on Video

Any trading symbols displayed are for illustrative purposes only and are not intended to recommend a particular investment or investment strategy.

Disclosure: Order Types / TWS

The order types available through Interactive Brokers Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.