Ib Trailing Stop

The reference price is max(current, cost basis) so you never start below entry, and existing orders are preserved by default since IB has been tracking the high since placement. Dry run mode shows what would happen before you commit. The forced flag lets you reset everything using current price as the new baseline, which makes sense after a drawdown when you want to re-arm protection. PMCC positions are intentionally skipped because a trailing stop on just the long leg would break the hedge at trigger. Requires TWS or Gateway running locally with API access.