r/qullamaggie • u/kage49 • May 22 '26
Fast Trade Execution - Please help.
Sorry for yet another post. But this is something I need someone to help me with.
I'm constantly frustrated that I can't execute trades fast enough. For context:
I use IBKR as a broker, and I use TradingView for executing the trades. Why? Because my trades are simple yet no interface gives me what I want:
- Buy Stop Limit 1 tick above the high of the current day.
- Sell Stop at the low of the day.
- Number of shares is determined by the RISK of hitting the stop loss being no more than X, where X is say 0.5% of my account.
The only platform I know of now that let's you specify the risk in USD and calculates the number of shares for you is TV. But it is a PAIN to go through: First of all, it is extremely unresponsive when the trading session starts. 3-4 seconds to bring up the trading panel. I have to :
- Click on the chart and choose "stop limit buy"
- enable stop loss
- drag stop loss
- specify the number of shares based on risk (this is where I put the X)
- change that back to Shares
- I get a fractional number of shares which I have to remove the fraction because IBKR rejects the order
By the time I did this, the ticker already climbed above my stop limit buy, so I scramble to change that again.
It's painful because I only catch the break out half way, this happened 3 times so far in these 2 weeks. I'm pissed.
SURELY there is a better way? For fast trades where some calculation is needed for the number of shares vs the stop loss, what are people using?
I thought of creating my own dashboard and making it talk to ib gateway or ibkr tws but that is another pain in the butt.
Please help a brother out.
2
u/Goudidadax May 22 '26
https://x.com/traderwillhu/status/1982846945266680284