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Price Variant Percentage of Volume Strategy

Trading Term

This IBAlgo allows you to participate via volume at a user-defined rate that varies over time based on the price of the security. It lets you buy more aggressively when the price is low and less aggressively as the price increases, and just the opposite for sell orders. To recalculate the percent of volume applied with each price change: Target Percentage – 100 x Order Side x Target Percentage Change Rate x Percent change in price where Order Side = 1 for buy, -1 for sell.

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