Subject: Re: Back in
I'm trying the "basket" feature for the first time, but it's a bit scary.


I've been using the IB basket feature for many years. Mostly when the markets seem very oversold.

I developed an Amibroker exploration that I run at night. This gives me a list of deeply 'oversold' stocks (not quite that simple really) that I copy into Excel and then export as a comma delimited file with all the headings that I want in the basket trader. The limit orders are at panic low levels (or that is the hope). If there are more possible trades than I want to invest in, then I put them in groups using the 'one cancels all' feature, so I can control the maximum dollar amount spent.

This is fairly automated and allows me to enter limit orders for all the stocks in the basket with no need to watch the market.

I use a short term bottom indicator in conjunction with the exploration.