Experience with IB's MidPrice Algo Order

Discussion in 'Interactive Brokers' started by Maverick2608, Feb 22, 2023.

  1. Any experience with IB's MidPrice Algo Order - good or bad?

    It is my understanding that it moves up and down with the market, so it does not just get more agressive until it fills, which was the case with the old relative peg orders that were first introduced?

    https://www.interactivebrokers.com/en/index.php?f=36735
     
  2. It’s decent. An improvement over a market order and their adaptive order.
     
    Maverick2608 likes this.
  3. d08

    d08

    It's decent, especially when splitting orders.
     
    def, Collagen and Maverick2608 like this.