ScaleTrader is a flexible trading tool that implements a sophisticated trading algorithm, allowing you to scale into a large position without being subject to increasingly deteriorating prices, or to trade continually over a specified price range to capture a user-defined profit offset amount. ScaleTrader supports all products traded at IB except Mutual Funds.
Below the Scale chart, the Summary and Status sections give you more information on the current scale order.
The Summary shows the number of price levels in your scale, the average price of the total order, the amount, and the range of the scale between the top and bottom prices.
The Status displays the displays the size of your filled position, and shows the latest Buy price and Sell price working for the active scale order.
Use the Start and Stop buttons to start and stop the algo. Use Dismiss to close the ScaleTrader.