How to Code a Discretionary Order in Java

Java API

A Discretionary Order works as a limit order submitted to the exchange with a hidden, specified amount off the limit price. Visit our Discretionary Orders web page to understand the mechanics behind this order type. It is important to note that the market sees only the limit price.

Let’s refer to our GitHub Guide and learn how to code it using this syntax:

Order order = new Order();
order.action(action);
order.orderType(“LMT”);
order.totalQuantity(quantity);
order.lmtPrice(price);
order.discretionaryAmt(discretionaryAmt);

The products supported via this order are: stocks.

Visit our GitHub guide to download the API sample Testbed, and review the Java code for other order types, such as Stop or Stop Loss Order:  http://interactivebrokers.github.io/.

Always remember to test your algo trading app in a simulated environment first! To join today, sign up for our Free Trial.

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