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Create IBAlgo Orders

Use IBAlgos to automatically balance market impact with risk on your large volume orders. You can create algo orders from the trading window or using the Order Ticket.

To set up an IBAlgo order

1. On the trading page, create an order by clicking the Ask price for a Buy order or Bid price for a Sell order.
2. Click in the Destination field in the order line, scroll downs to the Algorithms section and select IBALGO.Note:    You must use the order Destination field, not the market data Exchange field.
3. In the Algo fields, define the algorithm. Only those strategies valid for the instrument type will appear in the strategy selection list. Based on the strategy you select, the necessary parameters will display.

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