Tips

Tip 1

One of the most difficult things home traders face is that from time to time they still need a vacation or want to go away. Sometimes you have started a trade and you do not know the outcome. Still you want to be able to let the system roll its course.

The best thing to do in this case is to set Sell limits and Stops in TWS, note that you have to mark GTC (good till canceled order)
Here is an example of the setup.

We are in a short trade on the DAX futures. Suppose the system takes profit at 30 points and a stop loss of 50 points.

Here is how you should enter your stops and limit orders if you are short:

I did assume here that you have entered the trade at 4135. Both orders are to buy, so the result is being a cash position after one gets executed.
A future version of Autotrader will support this option. Now since the order is "Good till canceled" you can go away in piece and leave the autotrader off.

Off course there will be no signal, but you can check on the web with Interactive brokers if your trade has gone through. Be careful, don't go away to long. This is a setup for one or two days only depending on your stops / take profits. This is because after the execution of one order the other one will not disappear.

You can also SET GTD (Good till date to have the order a limited time active)