Can I use Applystop in live market for exit?

[dtm]

Just wanted to check if Applystop is only for backtest, or can we use this in real trading too.

[fxshrat]

Why not using search function?

Does Applystop send usable sell signal to IBController?

It has been written and told many times that ApplyStop is the switch for the BACKTESTER to appy the stop during backtesting. It is intended to simulate stops that are implemented at the brokerage level. Therefore it does not generate any "signals" to the outside world. Now, in Interactive Brokers, like in ANY other brokerage there are STOP and LIMIT ORDERS that implement stops AUTOMATICALLY at the level of brokerage. So you don't really need to send any signal. They "just work" once appropriate…

[dtm]

Thanks for your confirmation and sharing this. Did't appear in my search.