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ScaleTrader

The TWS ScaleTrader is a flexible, automated trading algorithm that lets you scale into a large position
without being subject to increasingly deteriorating prices,
or trade continually over a specified price range to capture a user-defined profit offset amount.


ScaleTrader

TWS ScaleTrader is designed to help you average down or buy into a weak declining market at ever-lower prices; or conversely, to sell into a market that, having reached highs that are unstable, can be expected to decline; or scale out of a long position.

TWS ScaleTrader offers traders these benefits:
  • Support for Multiple Products - Use ScaleTrader for most products supported by IB, including stocks, options, futures, forex, and bonds, but excluding mutual funds.
  • Trade Pairs and Combos - Custom tabbed interfaces make it easy to set up and monitor large volume scale trade for stock-stock pairs and multi-leg combos.
  • Take Advantage of Fluctuating Markets - The ScaleTrader can be programmed to buy and sell repeatedly in a fluctuating market with a single click to the Restore size after taking profit feature. This replenishes the original quantity from the filled profit-taking side to continually refuel the scale process.
  • Get Price Protection on Your Orders - Completely automates large volume order scaling to insulate trades from increasingly deteriorating prices.
  • Use Automated Profit-Taker - Automatically create profit-taking orders at the user-specified profit offset to sell into periodic surges or liquidate your positions when you have reached your profit objectives.
  • Benefit from Liquidity Rebates - The ScaleTrader can be a liquidity providing strategy that can help you benefit from the liquidity rebates offered by exchanges.

Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by clicking here.