Module: IB::TrailingStopLimit

Extended by:

OrderPrototype

Defined in:

lib/ib/order_prototypes/stop.rb

Overview

module

Class Method Summary

• .aliases ⇒ Object
• .alternative_parameters ⇒ Object
• .defaults ⇒ Object
• .requirements ⇒ Object
• .summary ⇒ Object

Methods included from OrderPrototype

aliases, alternative_parameters, defaults, optional, order, parameters, requirements

Class Method Details

.aliases ⇒ Object

# File 'lib/ib/order_prototypes/stop.rb', line 151

def aliases
	Limit.aliases 
end

.alternative_parameters ⇒ Object

# File 'lib/ib/order_prototypes/stop.rb', line 161

def alternative_parameters
	{ aux_price: 'Trailing distance in absolute terms',
trailing_percent: 'Trailing distance in relative terms'}
end

.defaults ⇒ Object

# File 'lib/ib/order_prototypes/stop.rb', line 147

def defaults
	super.merge order_type: :trailing_limit , tif: :day
end

.requirements ⇒ Object

# File 'lib/ib/order_prototypes/stop.rb', line 155

def requirements
	super.merge trail_stop_price: 'Price to trigger the action',
							limit_price_offset: 'a pRICE'

end

.summary ⇒ Object

# File 'lib/ib/order_prototypes/stop.rb', line 166

def summary
	<<-HERE
		 A trailing stop limit order is designed to allow an investor to specify a
		 limit on the maximum possible loss, without setting a limit on the maximum
		 possible gain. A SELL trailing stop limit moves with the market price, and
		 continually recalculates the stop trigger price at a fixed amount below
		 the market price, based on the user-defined "trailing" amount. The limit
		 order price is also continually recalculated based on the limit offset. As
		 the market price rises, both the stop price and the limit price rise by
		 the trail amount and limit offset respectively, but if the stock price
		 falls, the stop price remains unchanged, and when the stop price is hit a
		 limit order is submitted at the last calculated limit price. A "Buy"
		 trailing stop limit order is the mirror image of a sell trailing stop
		 limit, and is generally used in falling markets.

 Products: BOND, CFD, CASH, FUT, FOP, OPT, STK, WAR
	HERE
end