Enable catastrophic stop loss

[GoogleCodeExporter]

There should be a way to set a stop loss order every time the position 
changes. It would serve as a protection against events such as loss of 
power, ISP failures, etc.

Original issue reported on code.google.com by [email protected] on 23 Feb 2008 at 5:31

[GoogleCodeExporter]

What's about something like :

int currentPosition = getPositionManager().getPosition();
double lastEntry = getPositionManager().getAvgFillPrice();

if(currentPosition <= 0 && ...) {
  cancelAllStops();
  setPosition(1);
  setStopSell(lastEntry - 5);
}
if(currentPosition >= 0 && ...) {
  cancelAllStops();
  setPosition(-1);
  setStopBuy(lastEntry + 5);
}

Original comment by [email protected] on 25 May 2008 at 11:58

[GoogleCodeExporter]

Yes, something like that, although it's probably better to handle it with the 
"One
cancels others" type of order:
http://individuals.interactivebrokers.com/en/trading/orders/oca.php

Original comment by [email protected] on 25 May 2008 at 9:38

[GoogleCodeExporter]

Original comment by [email protected] on 29 Aug 2008 at 2:41

• Added labels: Type-Enhancement
• Removed labels: Type-Defect