Mobile: Close Iron Condor via Take-Profit/Stop-Loss in one single order
Good morning redditors
I opened an iron condor and want to close it either at 50% profit or 100% loss using the IBKR mobile app on iOS.
How do I explain the app with one single order that I want to sell this position if one of those two situations occur:
- Bid price hits -8.00 (“Stop loss”)
- Bid price hits -2.00 (“Take profit)
Whichever execution triggers first shall cancel the other order.
I already tried bracket order but it creates a third order besides the two listed above.
There has to be a solution to this but I am unable to find it and the latest threads regarding this topic are outdated.
Big thanks in advance.
u/luftueberlegen — 2 days ago