IB API

F'in IB API

Today I traded two systems.

One was long the Euro from 1.2202

Another one then went short at 1.2177 and tried to place a stop order 5 pips away. IBs API for some reason failed to take the order.

Net result I ended flat when I should have been +1 from 1.2182

Yes you have guessed it I was taking a rather niced lunch.

The lunch has cost me £2000 the most expensive I've ever had.

They do say that there is nothing like a free lunch.

JonnyT

sorry to hear that JT, i hope the wine was good.


at least it wasnt a socking great loss.

FC

JonnyT,

A number of people have had problems with the entire IB system today. Wrong prices being quoted, Bid and Ask back to front so it may be a generic issue and not just the API.

Sorry to hear of your expensive lunch and I know you are very keen on a fully automated (non human interferring) approach to trading. My view is always that anything that relies on technology and especially that of some other company cannot be trusted where my money is concerned.

From your experiences it would appear that the IB API is hopelessly inadequate for your trading requirements and in view of the problems you have had and the costs involved I would dump it until a more reliable system can be found.


Paul

Paul,

!'m still 35% up since 1st Jan so I'll accept these hiccups as a cost of doing business.

JonnyT

Hi JT,

do you use IB or My-track data for you trading ?

cheers Ian

IB

JonnyT

Thanks Jt,

Do you know where you can get historic IB FX data as my back data has more holes than a sieve !!!

cheers ian

You can get some from www.scmagic.com

JonnyT

Thanks I will have a look

Ian