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Open Feature request MC-2858

Implement Interactive Brokers Adaptive Algo Order Type

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Description

I understand that implementing support for all of Interactive Brokers' algo order types would be a colossal task for Multicharts. However, there is one Interactive Brokers order type that is SUPER simple to implement, and would be a huge benefit for EVERY trade: Adaptive Algo.

"This algo can be used with a limit or market order, and is designed to achieve better than average cost efficiency over basic limit and market orders by attempting to trade market and aggressive limit orders between the spread. You can specify how urgently you want the order to fill using the "priority/urgency" selector in the algo window."

For all trading NOT using Multicharts, we use Adaptive Algo by default, as it results in better fill prices OVER 75% OF THE TIME. Not using Adaptive Algo for IB orders is literally leaving money on the table.

Adaptive Algo is supported for ALL order types that MC supports: market, limit, stop, and stop limit orders, and it's just an on/off switch. It just tells IB to do it's best on fill price. In fact the only parameter you can optionally even set for Adaptive Algo is "Adaptive Order Urgency" which can be Urgent, Normal, or Patient.

There could not be an easier IB order type for MC to implement, and not using it is choosing to NOT get the best fill prices possible. The User Guide is here.

PLEASE MULTICHARTS, SHOW SOME LOVE TO YOUR CUSTOMERS THAT USE INTERACTIVE BROKERS!! Your devs could implement this over lunch, and I'll be happy to buy the pizza.

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