Interactive Brokers

This is a discussion on Interactive Brokers within the Brokerages forums, part of the Commercial category; Thanks Firewalker you too for your reply. Originally Posted by BSD Do they have a position sizing calculator ? (Here ...

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Old Feb 7, 2008, 12:42pm   #865
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Thanks Firewalker you too for your reply.

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Originally Posted by BSD View Post
Do they have a position sizing calculator ? (Here is where I want to enter, there is my stop loss, and that should set be back no more than 2% in my account kind of money management thing.)
Re the position sizing calculator, that is something that is really handy and makes life much easier.

If there is someone here from IB reading this, and if this solution does not exist yet, this is a suggestion I would really like to make as I am sure most of your clients will appreciate having something like this.

What would be ideal is an automated tool.

You initially define how much you are willing to risk per trade that runs into your stop loss, 2% or whatever of your account.

Then when you open a order mask, all you have to do is enter your entry price, then your stop loss level, and those two parameters then automatically provide you with your desired position size, that will have you exit a losing position at your desired money management level of 2% of your account.
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Old Feb 7, 2008, 12:49pm   #866
 
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Originally Posted by tune View Post
Is there a replay function on this? Can't find it in their blurb.
As for as I know there isn't. The product version is till the same as 2 years ago, but apart from replay it does about everything I want it to.
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Old Feb 7, 2008, 1:21pm   #867
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Markus,

What are you requiring from the position size calculator ? I use IB as a datafeed into TS2Ki and I have a position size indicator that will tell me what size to use based on a volatility measure I use for the market I am trading.


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Old Feb 7, 2008, 1:33pm   #868
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Originally Posted by BSD View Post
Thanks Firewalker you too for your reply.



Re the position sizing calculator, that is something that is really handy and makes life much easier.

If there is someone here from IB reading this, and if this solution does not exist yet, this is a suggestion I would really like to make as I am sure most of your clients will appreciate having something like this.

What would be ideal is an automated tool.

You initially define how much you are willing to risk per trade that runs into your stop loss, 2% or whatever of your account.

Then when you open a order mask, all you have to do is enter your entry price, then your stop loss level, and those two parameters then automatically provide you with your desired position size, that will have you exit a losing position at your desired money management level of 2% of your account.
Pretty easy with the API if you have any programming skills. You could probably put it together in Excel.
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Old Feb 7, 2008, 2:17pm   #869
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Hi Paul, Craig,

afraid I have zero programming skills, so using IBs API is definitely out of the question.

Basically I want the platform to calculate my position size for my trade.

I want to define in user preferences or whatever IB's equivalent is that I always want to risk an amount of say 2% per each and every trade I take.

If my stop loss is hit, I lose 2% from my account.

The way that 2% is translated into my position size is the difference I input into the order mask between entry price and stop loss price.

The 2% loss is always the same, but if my stop loss is further away from my entry my position size will be smaller.

If my stop loss is closer to my entry my position size will be larger.

Thats what I want that position sizing calculator to calculate, preferably on an automatic basis, the platform knows that my risk is 2% for all trades, all I have to do now is tell it that I want my entry here, I want my stop loss there, and then have the platform come up with the according position size that will see me losing my accepted 2%.
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Old Feb 7, 2008, 2:34pm   #870
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Quote:
I want to define in user preferences or whatever IB's equivalent is that I always want to risk an amount of say 2% per each and every trade I take.
As others have said, this can be done in Excel with IB data being fed into it. Do you know how to put the formulas into Excel ?


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Old Feb 7, 2008, 3:20pm   #871
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Originally Posted by Trader333 View Post
As others have said, this can be done in Excel with IB data being fed into it. Do you know how to put the formulas into Excel ?
Hi Paul,

to be honest I like to keep things as simple as possible, that is have everything clicky and pointy on the platform itself, without having to go open Excel everytime just because I want to place a trade.

;-)

When I started out at Oanda they didn't have a position sizing calculator, that was suggested, and in about a month they had one in the platform.

I am very very happy with Oanda, BUT they do not have account insurance which is a major issue for me, while IB do, that's why I want to add them as another broker now if things will work out platform wise.
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Old Feb 7, 2008, 4:20pm   #872
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This, but in the platform kinda thingy:

Risk Management Position Size Calculator | Mataf.net
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