How to Code a Market Order in Python via IBKR API


The Market order type is an order to buy or sell at the market bid or offer price. IBKR Trader Workstation API supports market orders for: BOND,  EFP, CASH, FUND, FUT, FOP, OPT, STK, WAR . Below is an example on how to code it in Python:


    def MarketOrder(action:str, quantity:float):
        #! [market]
        order = Order()
        order.action = action
        order.orderType = “MKT”
        order.totalQuantity = quantity
        #! [market]
        return order

Visit our GitHub guide to download the API sample Testbed, and review the Python code for other order types, such as Stop or Stop Loss order: The sample syntax is stored in the file.

Stay tuned for more articles featuring IBKR order types. See the previous installments in this series: 

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