The Limit order is used to buy or sell securities, derivatives or cash at a specified price or better. It is designed so that if the order gets filled, it will not be executed at a price less favorable than the “limit” price you specified. However, this order type does not guarantee an execution.
Let’s refer to IBKR API GitHub to learn how to code this in Python.
order = Order()
order.action = action
order.orderType = “LMT”
order.totalQuantity = quantity
order.lmtPrice = limitPrice
The products supported via this order are: Bonds, EFPs, Forex, Futures, FOPs, Options, Stocks and Warrants.
Visit our GitHub guide to download the API sample
Testbed, and review the Python code for additional order types: http://interactivebrokers.github.io/. The sample syntax is stored in the
Stay tuned for IBKR order type articles. See the previous installments in this series:
- How to Code a Market Order in Python via IBKR API
- How to Code a Forex Order in Python
- How to Code a Bracket Order in Python
- How to Code One-Cancels-All (OCA) Orders in Python
Disclosure: Interactive Brokers
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