Anyone with experience of IBKR's advanced algo order types?

[muscleman]

I like its Adaptive algo so far, but I am pretty confused with a lot of its other order types.

TWAP vs Accumulation/Distribution seems to be doing the same thing. Closing Price also seems to be doing the same thing. Anyone using these advanced order types?

 

[gfp]

its like deja vu all over again around here

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/does-anyone-use-ibkr's-adaptive-algo/

[muscleman]

its like deja vu all over again around here

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/does-anyone-use-ibkr's-adaptive-algo/

 

Well that's where I got interested and started playing with these orders. But I really can't tell the difference. Adaptive order seems to be pretty inconsistent. Sometimes not executing any trades for a long time even though I set the limit to be above the ask price. TWAP seems to stably buy 100 shares every few minutes, but the same with Accumulation/Distribution order. But I am interested in knowing when I should use what order type. I disagree that the plain vanilla limit order is the best though. If you really believe that, you can move your account to Bank of America's Merrill Edge, who gives lots of free trades each month, and they send your order straight to the exchanges just like IB.