Adjustable Orders

Use the Adjust tab to change an order type or define a one-time adjustment to stop, stop limit, trailing stop and trailing stop limit orders. This tab will only become active and usable if your order type is one of the stop order types just mentioned. You can also define adjustable orders on the trading screen by customizing the layout (right-click in the column heading and select Customize Layout) and activating the following columns in the Order Row section:

Adj Order Type, Trigger Price, Adj Stop Price, Adj Stop Lmt Price, and Adj Trailing Amt.

NOTE: There are three useful icons in the upper right corner of the page:

The first is called the "Refresh Target" icon. Click it to activate; the center turns red. To automatically replace the current contract information with an asset you have selected on the trading screen, click the Refresh Target icon.
The Question Mark icon will open the help topic related to the current screen.
The pushpin icon will keep the current screen on top. Click to depress the pushpin and pin the screen on top, click again to release. You may want to use this feature to keep the screen visible if you go to the trading screen to select a new contract.

To remove tabs and view all fields on a single large page, select the Comprehensive view.

Field	Description	Notes
Adjusted Order Type	When you select an adjusted order type, the stop order you're adjusting will not trigger when the stop price is hit. Instead, it will be changed to this order type, and use the other parameters below. Select one of the stop order types. When your current stop price is penetrated, it will change to this order type and use the instructions you set in the following fields.	The following example continues to unfold for each field. You buy 100 shares of XYZ for $31.00/share, and submit a sell stop order with a trigger price of $30.00. This means that if the price hits $30.00, TWS will send a sell market order to the exchange. Now let's modify this scenario. In addition to the above Stop order, you decide to create an adjustable Stop Limit order to help lock in a profit if the stock price begins to rise. Now imagine the price starts going up. When it hits the trigger price (see next field below) TWS will cancel the Stop order and create a new Stop Limit order with the characteristics you set in the following fields.
Trigger Price	This price will trigger the adjusted order you defined in the Adjusted Order Type.	Set the adjustable trigger price to $34.00
Adjusted Stop Price	When the trigger price is hit, the adjusted stop price is implemented for the new order.	Set the adjusted Stop Price to $33.50. When the stock rises above the $34.00 trigger price you set above, you original Stop order is cancelled and replaced with a Stop Limit order with a stop trigger price of $33.50.
Adjusted Stop Limit Price	Used for Stop Limit and Trailing Stop Limit orders. This value will be the limit price of the order if it is triggered and submitted.	Set the Stop Limit to $33.00 to ensure your order will not execute below this price.
Adjusted Trailing Amount	Used for Trailing Stop and Trailing Stop Limit orders. This value will replace the original trailing amount if the adjusted order is triggered.	If you had a trailing stop order with a trailing amount of $1.00, you could set the adjusted trailing amount to $.50. If the adjustment trigger is hit, the trailing amount is modified.