This is not my video; I just found it on Youtube. Tthe person who made it explains this feature well so I see no point in doing my own video on this feature. See also my video on the simpler feature “alarm” and how to set those up in TWS. The “alert” function allows TWS to automatically make trades based on stock price action, in addition to alerting the trader about price movements.
Disclosure: No positions. I have a disclosure policy.
How is this really helpful when you can set up a manual order set to a limit price ?
I don’t like setting up orders that automatically execute (limit if touched orders). I prefer to evaluate the trade and enter it myself.