Jason Posted December 17, 2017 Report Share Posted December 17, 2017 When trading through IB's TWS I will sometimes use their IBALGO Adaptive instead of a simple MKT order. This can save a considerable amount of money in many cases by providing me with better fills. Is there any way to specify this through Medved Trader? I would think the only difference from a platform standpoint would be sending the order to IBALGO Adaptive instead of SMART or INET which I see as the only options in MT. But recent discussions have revealed my tendency to overestimate their API so... Also, what is INET anyway? I have not been able to find information on it. Thanks! Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted December 17, 2017 Report Share Posted December 17, 2017 INET is one of the ECNs that orders can be sent to. If I remember correctly it is now owned by NASDAQ. IBAlgo - not really familiar with it but at first glance, it seems that other than the destination, you have to select the strategy, which we do not have the UI for in MT. Quote Link to comment Share on other sites More sharing options...
Jason Posted December 17, 2017 Author Report Share Posted December 17, 2017 Yes. Ideally I would be able to select IBALGO Adaptive as the Default Route under Order Settings and there would a drop down menu selection box for either "Patient", "Normal", or "Urgent". Then in the order ticket window IBALGO would be selectable from the drop down list including SMART, et. al. For IB at least straight MKT orders can produce terrible fills. Often when I am trading I can be dealing with a considerable spread in a market where the price action isn't moving too quickly. The adaptive algorithm spends slightly more time trying to execute the order at a better price point within the spread whereas with the straight MKT order IB can send the order to execute right on the bid for a short or right on the ask for the long. Even if I make, say, $600 on the trade $50 or $100 lost in slippage is brutal. Would you at least consider adding this capability at some point? Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted December 18, 2017 Report Share Posted December 18, 2017 that stuff is very specific to IB and we do not have the UI to be able to handle that at this time. Quote Link to comment Share on other sites More sharing options...
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