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Level: Intermediate

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.

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Lesson: #1
ScaleTrader

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.

Lesson: #3
Adaptive

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.

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.

Lesson: #5
Arrival Price

The IBKR Arrival algorithmic order type is available for US Stocks and some European Stocks as well as major currency pairs routed to IDEALPRO. It is available on Classic TWS, Mosaic, and Mobile.

Lesson: #6
Close Price

The IBKR Close Price algorithm is available for US Stocks, Options, and some non-US products. It is available on Classic TWS, Mosaic, and Mobile.

Lesson: #7
Dark Ice

The IBKR Dark Ice algorithmic order type is available for US Stocks and Futures. It is designed to hide the volume displayed to the market. It is available on Classic TWS, Mosaic, and Mobile.

Volume-Weighted Average Price or VWAP is an IBALGO order type available for US Stocks and Futures as well as some foreign equities. It is accessible through Mosaic, Classic TWS, and Mobile.

A Time-Weighted Average Price or TWAP is an IB Algo that is available for U.S Stocks, Options, Futures, and Forex as well as some select foreign market stocks on the Pro platform. Accessible through both Mosaic, Classic TWS, and Mobile.

The Time Variant Percentage of Volume IB Algo is available for U.S stocks, futures, as well as some select foreign market stocks & futures on the Pro platform. Accessible through both Mosaic, Classic TWS, and Mobile.

The Size Variant Percentage of Volume IB Algo is available for U.S stocks, futures, as well as some select foreign market stocks & futures on the Pro platform. Accessible through both Mosaic, Classic TWS, and Mobile.

The Price Variant Percentage of Volume IB Algo is available for U.S stocks, futures, as well as some select foreign market stocks & futures on the Pro platform. Accessible through both Mosaic, Classic TWS, and Mobile.

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