IB's accumulate/distribute

Discussions about brokerage firms for futures, stocks and other tradeable instruments.
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Roundtable Knight
Roundtable Knight
Posts: 199
Joined: Wed Dec 31, 1969 7:00 pm
Location: sandy, ut

IB's accumulate/distribute

Post by 7432 » Mon Apr 27, 2009 10:35 am

IB added a couple new(to me) tools in the last update.
I used the accumulate/distribute for a futures and options order today, an impressive function.
lots of variables available, my favorite on the options side being an implied volatility condition.
for a simple futures order in a thin market, you can set it to buy 2 lots every few minutes(or seconds or hours) 5 ticks above the current bid, or if large size comes up you can set it to be filled right away. great stuff.
its listed under trading tools.

Roundtable Knight
Roundtable Knight
Posts: 2986
Joined: Fri Jun 11, 2004 2:50 pm

Post by sluggo » Mon Apr 27, 2009 10:55 am

iceberg orders for retail traders?

Paul King
Roundtable Knight
Roundtable Knight
Posts: 207
Joined: Mon Feb 23, 2004 9:13 am
Location: Vermont, USA

Post by Paul King » Mon Apr 27, 2009 11:23 am

IB has a pretty impressive array of order processing functions now:

http://institutions.interactivebrokers. ... ntity=inst

They've had iceberg orders for some time.

I like to use their conditional orders quite often in combination with a "one cancels all" group.

For example, you can have a stop and-reverse market order conditional on price rising to a certain level as a target, and put that in the same OCA group as your conditional stop loss order so if either one gets triggered the other one is automatically canceled. Saves a lot of client-side programming (specially for intra-day trading).


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