This course introduces the user to several algos available in TWS and provides a detailed overview of several complex orders that can help maximize your returns by providing a better fill at the most advantageous destination subject to customized rules.
The ScaleTrader algorithm allows users to design orders to buy at increasingly lower prices and sell at increasingly higher ones while simultaneously masking their footprint from the market. ScaleTrader may be programmed to trade across a user-defined price range, continuously buying weakness while selling at a series of predetermined profit targets (or vice versa) until deactivated by the user. ScaleTrader supports all available products except Mutual Funds. ScaleTrader is accessible in both Classic TWS and Mosaic.
The Accumulate/Distribute algorithm is useful for buying or selling large quantities of stocks, options, futures, or forex orders over time using smaller random size increments that may help minimize market impact. Accumulate/Distribute can be accessed in both Mosaic and Classic TWS.
The IBKR Adaptive Algorithm Order type is available for US Stocks, Options, and Futures as well as some foreign Products. The Adaptive Algo combines IB’s Smart routing capabilities with user-defined priority settings in an effort to achieve a fast fill at the best all in price. It is accessible through Mosaic, Classic TWS, and Mobile.
Adaptive Stop Limit
The IBKR Adaptive Stop Limit Algorithm Order type is available for US Stocks as well as some foreign equities. The Adaptive Stop Limit algo combines IB’s Smart routing capabilities with user-defined priority settings in an effort to achieve a fast fill at the best all in price once a stop price has triggered the order. It is accessible through both Mosaic and Classic TWS.