Help with Bracket Order on Interactive Brokers

[MarkedFeed]

Hello,

I am a novice trader and after studying for some time, I have come to realize that 'bracket orders' are the life blood of intraday traders and scalpers.

I have opened an account with IB for the sole reason, that they are the only brokers offering bracket orders in India, but their service it below par - having raised my query through their ticket system, I have not received any reply for more than 30 hours.

I am trying to put in a trade as follows: -

XYZ is trading at Rs. 50 and I want to short 100 shares only if the price falls to Rs. 49 - my initial stop loss will be Rs.51. My target is Rs.45 - since their system allows a trailing stop - I want to set a trailing stop loss at 5% of the gain.

I am not sure if this will done through a bracket order or just limit entry with trailing stop - any help will be highly appreciated.

Cheerios,




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