Interactive Brokers has introduced a simple and convenient tool that can be used for exit strategies.
The Exit Strategies window will help users make informed decisions across all assets, allowing them to determine where and when to place exit orders. It is also possible to use the window to place Take Profit and Stop Loss orders.
Exit orders are placed in seconds, and the price is easily adjusted using the "+" and "-" buttons on the order panel.
"Interactive Brokers' Exit Strategy window for mobile devices displays your positions for each instrument, including the average price," Interactive Brokers explained.
As outlined on the broker's page, the Exit Strategy window graphically displays potential gains and losses (green for profit, red for loss) and includes a representation of the probability of how each order will be executed.
This tool helps investors effectively manage risk and capture profits by using a wide range of exit options. The feature allows for customization of automated strategies such as Stop Loss and Take Profit, providing optimal trading flexibility and investment control. The tool is perfect for traders of all skill levels.
For convenience, it is better to view positions in each holding as well as average prices in one window.
With the Exit Strategy window, you can easily and very quickly create exit orders from your mobile device, including setting Take Profit and Stop Loss.
The broker recommends tracking potential profits and losses, which are intuitively easy to distinguish (green – profit, red – loss), which will allow you to make faster and more informed decisions.
Always striving to improve its offerings for traders, Interactive Brokers has recently updated its TWS trading platform to version 10.29, which includes a number of new features and offers clients an enhanced trading and portfolio management experience.
Interactive Brokers began operations in 1977 and has received many reputable awards and accolades. The company provides clients with a wide range of services that enable them to actively trade and invest.
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