Interactive Brokers A.P.I.

This is a discussion on Interactive Brokers A.P.I. within the Brokerages forums, part of the Commercial category; Has anybody with an Interactive Brokers account any experience of using their API in an automated trading system. For those ...

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Old May 28, 2003, 6:16pm   #1
 
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Interactive Brokers A.P.I.

Has anybody with an Interactive Brokers account any experience of using their API in an automated trading system.

For those not so technically minded API stands for Application Programming Interface - it is a little box of tricks that allows programmers to integrate IB's trading platform into their own applications.

For example one could use Excel, with some programming, as your trading platform, placing two big buttons on a spreadsheet BUY and SELL!!

In my case, I need to "knock up" a small and private website which will allow me to trade thru IB from behind a firewall at a clients office. Don't worry I will not be trading actively but I do need to be able to enter orders and check executions etc. and have realtime access to data and my strategies.

In time I will consider creating a fully fledged automatic trading system: give it the rules, set the position sizing algorithm, insert the risk management rules and .... off we go.

Anyone's experience of the technicalities or other useful advice on automated trading would be greatly appreciated.

Also, the Lime Brokerage in the US offer similar functionality.
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Old May 28, 2003, 6:21pm   #2
 
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Hiya,

Try Henry over at www.tradingsimulation.com. That is when his site is back up
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Old May 28, 2003, 6:32pm   #3
 
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JonnyT, of this parish, also has some experience of the API.
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Old May 28, 2003, 9:19pm   #4
 
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It is true my leige, I have automated trading through IBs API.

Its very simple if I can do it.

Step 1 is to download the API from IB
Step 2 is to install the API
Step 3 is to look at the sample code installed in c:\Jts
Step 4 is to decide whether to use Excel, C++ or Java (I chose Java for the challenge)
Step 5 is to obtain a compiler oe MS Excel (I use Suns free Forte Java development tool)
Step 6 is to hack the sample code into what you want
Step 7 is to use IBs API forum for any required advice on the API
Step 8 is to be aware that updates to TWS or the API can do many strange things with your application
Step 9 is play golf whilst your system autotrades profitably for you
Step 10 is to retire to the sun.

I'm currently on step -1, Bankrupt quicker than I imagined possible.

JonnyT
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Old May 29, 2003, 12:18am   #5
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I used VB, but as JonnyT says you can use pretty much anything (Delphi, C#, or any other such new fangled language will work too).
Getting the machine to trade for you is simple enough, coming up with the rules to generate consistent profits from a totally mechanical system is a whole different ball game though . . .
Best of luck.

H.
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Old May 29, 2003, 10:09am   #6
 
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RedE started this thread Henry & JohnnyT

Thanks.

Do either of you know if it is possible to trade thru a "demo" account while I am debugging my HG3M (Holy Grail Money Making Machine).
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Old May 29, 2003, 10:25am   #7
 
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IB do have a demo account ans server for such purposes.

There are not many symbols you can use and I cannot remember the details other than username is demouser.

To be honest I have tested live, nothing like seat of the pants stuff!

Try IBs API forum

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