Duration 3:51
Level Beginner
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Learn how to manage the Rapid Order Entry window to expedite the order submission process.
Study Notes:
Let’s take a look at submitting orders using the Rapid Order Entry feature in IBKR Desktop.
To get started, open a Watchlist and select an instrument. As you select a different symbol, notice that the Price Panel on the right reflects data for the asset you selected.
We’re using a Watchlist, but you could also select an instrument from your Portfolio or the Financial Instrument Quote list.
There are two ways to open the Rapid Order Entry ticket from within a Watchlist. The first is to click the Buy Order or Sell Order button in the right-side Price Panel.
The second is to click the Bid or Ask price directly from the market data line in your Watchlist.
Mouse over a bid price to see the “Sell” label, and the Ask price to see the “Buy” label.
The Rapid Order Entry ticket has fewer fields than the full order ticket and is populated with values you have defined in your Trading Presets. Access the Preferences window by locating and clicking the gear icon to the lower left of the display.
Trading Presets
Trading Presets can be modified in the Trading section of the Preferences window and are designed to save time by pre-populating the order ticket with your most-used values.
For example, user may select Stocks and enter either the number of shares or a currency amount that they always want to populate in an order ticket. Likewise, they can determine which order type should display along with additional selections such as time in force. Use the x button to close the Preferences window.
Rapid Order Entry Window
Back in the Rapid Order Entry window, the user in this case has chosen to trade a default 100 shares of stock and mostly uses limit day orders. Setting presets can save you time to market when filling out the order ticket.
You can access additional order types using the drop-down list by clicking on the dropdown arrow next to the Stop order type.
The user should review the order parameters to be sure everything is set up correctly. If using a limit order, the user should be especially vigilant about the limit price which is set to the Ask price for a buy and the bid price for a sell when you first create the order, since the price is static once it’s set in the order ticket. Because the market is constantly moving the user may need to update it.
The beauty of the Rapid Order Entry window is that it requires minimal information so that an order can be quickly submitted. However, should the user require different parameters that aren’t available in Rapid Order Entry, such as algo orders or more advanced times in force, click the “Advanced” link to open the full order ticket. Scroll down the full Order Ticket to see all possible available choices.
Once your order is set, simply click “Submit Order” to preview the order and transmit.
You can also elect to Save the order. Saved orders for a specific instrument can be accessed from the right-side Orders panel just above the News tile. Use the pencil icon to edit. You can also find all orders for all instruments in the Orders & Trades tab in your Portfolio. Use the right-click menu from an order to Modify.
Resources
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If you have a general question, it may already be covered in our FAQs. If you have an account-specific question or concern, please reach out to Client Services.
23 thoughts on “Rapid Order Entry Window”
how do you add money
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Hello Anonymous, thank you for reaching out. Please use this tool on our website to view available funding methods based on your residency and the currency you wish to deposit: https://www.interactivebrokers.com/en/support/fund-my-account.php
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Good afternoon. If I enter a position at the opening of the day with a Limit Order, I used to send it (along with a Stop Loss Order) and pull the Limit Order line (along with the Stop Loss Order) with the mouse under the opening price right on the chart. Is it possible to do this in the new terminal now? Is it also possible to change the price and stop loss order proportionally depending on the limit order?
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Hello Dmytro, thank you for asking. You can move a limit order on the IBKR Desktop charts by grabbing the buy (or sell) box, not the line. For your second question, please submit a web ticket. There is a category for “How to Use.” http://spr.ly/IBKR_CreateWebTicket
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Is there a way I can put a market order with 1 click like ThinkOrSwim does?
And then flatten if necessary with another click.
As far as I see you have to click like 3 times to put an order, that would be disastrous if you are scalpingReply
How do I set a bracket order?
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Hello, thank you for reaching out. Bracket orders are designed to help limit your loss and lock in a profit by “bracketing” an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. A SELL order is bracketed by a high side buy stop order and a low side buy limit order. Please view this webpage for more information:
https://www.interactivebrokers.com/en/trading/orders/bracket.php
We hope this helps!
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I know TWS Mosaic for Advanced order (Bracket order, OCO ) but how do we create those type orders in this new Desktop platform?
Another Question: Is there any setup to skip Order Review because it is needed/useful in day trading especially scalping.Reply
Hello, thank you for reaching out. It is possible to create a Bracket Order in IBKR Desktop. After logging in, right click your desired security and click “Buy Order”. Click the attach orders button to add a Profit Taker and Stop Loss.
To view the other available order types in IBKR Desktop, please click the Stop button with the down arrow.
Please view this YouTube video for instructions to use the Rapid Order Entry Window: https://www.youtube.com/watch?v=jCfjIBdj09E
You can submit any additional feedback in IBKR Desktop (speech bubble with thumbs up icon). Additionally, you can keep up to date on our new releases with the IBKR Desktop release notes: https://www.interactivebrokers.com/en/education/tradersu/documentation.php
We hope this helps!
Reply
Hello,
Will there be a book trader on this platform?Reply
Hello, we appreciate your question. You can submit specific suggestions and feedback directly in IBKR Desktop (speech bubble with thumbs up icon). Additionally, we encourage you to keep up to date on our new releases with the IBKR Desktop release notes: http://spr.ly/IBKR_UserGuidesred
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How can I specify the size of my order in USD rather than quantity?
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Hello, thank you for reaching out. You can specify the size of your order in USD in the order ticket. After right-clicking your desired security and clicking “Buy Order”, you can switch between the “Shares” and “USD” buttons on the right-hand side. This allows you to specify the size of the order in USD. We hope this helps!
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Will rapid order entry ever be rapid?
1 click entry is rapid. 3 clicks, spanning across a page, is not rapidReply
Hello Judy, thank you for commenting. Please submit this feedback in IBKR Desktop (speech bubble with thumbs up icon) so it goes to the development team.
Reply
Thank you so much for the new layout! Well done. I got 2 questions. 1) Free-floating Charts across multiple Monitors: In your classic version one can drag and drop charts across multiple monitors and then lock them. For example, I would love to have 4 charts on my left monitor, 4 on my middle monitor etc. That option still exists or is it gone? 2) Button Entry Orders: In the classic version one could have customized order buttons right underneath the chart window. Is that function still available, if so, pls be so kind and let me know how it is done. Finally I can cancel my ToS account and trade only with you! Thanks!
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Hello Gordon, thank you for reaching out. Your feedback has been passed to the appropriate team. Your suggestions are in the pipeline to be released but have no ETA at this time. In the future, please submit this feedback in IBKR Desktop (speech bubble with thumbs up icon) so it goes directly to the development team.
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Bonjour, comment les détenteurs des comptes inférieurs à 500$ peuvent trader ? IBKR prévoit-il des effets de levier ?
Reply
Hello, thank you for reaching out. Please review this FAQ for detailed information on the required minimum deposit based on account type and entity:
https://www.ibkr.com/faq?id=32659392Please review the FAQ below for more information about leverage:
https://www.ibkr.com/faq?id=234334332We hope this helps!
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How can I see Time-in-sales on the new app?
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Thank you for asking, Harry. Time and Sales is not yet available, but it is on our development roadmap. You can keep up with the latest platform releases here: https://ibkrguides.com/releasenotes/ntws-desktop.htm
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Can you remove the confirmation window, and make it a single click order, this is really not rapid, Better off using TWS
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Hello, thank you for commenting. Please submit this feedback in IBKR Desktop (speech bubble with thumbs up icon) so it goes to the development team.
Reply
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