Step 1. Create Your Market Scanner Buying or Selling rules. Eg. stocks over the 200 days Moving Average and oversold based on the MACD indicator. There are a lot of fields and filters, either fundamental or technical, You can add to the scanner.
You can create complex strategies with different rules and run them daily, weekly or monhly. Eg: every week, buy any stocks over the MA50 and sell the ones under. There are countless possibilities.
Step 2. Export Your results in a .csv file. See instructions on the Interactive Brokers website.
Step 3. Upload Your exported scanner results .csv file into the Basket Order Builder Tool. Set the total investment amount and the action (Buy or Sell). The total investment amount will be evenly divided among the stocks in the basket. You can always change it in the basket trader.
Step 4. Download Your new .csv basket order file from the results in the same tool’s window and then upload It into the Interactive Brokers Basket Trader. Review the results before submitting the orders and make Your own customization if any.
Step 5. Manage Your portfolio by running the market scanner and all of the steps above once in a day, week, month, quarter or year depending on Your strategy or rebalancing timeframe. With a minimal effort and in a matter of clicks You can maintain even complex strategies or large portfolios.
Filters and Rules Examples
Market Scanner filters and rules examples for creating strategies and basket files with the Basket Order Builder tool. Buying and Selling/Closing rules require the generation of 2 scanner and basket .csv files.
#1. Buy evry stocks over MA200 and under MA20. Close any position or sell short any stocks under the MA200.
#2. Maintain a portfolio in the top performing small cap stocks and rebalance It monthly.
#3. Buy every month the less performing stocks of a weighted index such as the S&P 500.
#4. Just keep a portfolio of stocks over the MA200 and rebalance it quarterly.
#5. Run a mean reversion strategy: Buy any stock under the MA20 by 10%, Close any stock position over the MA20, alternatively filter trades opportunities by a MA200.
Basket Order Builder 