Quickest IB Platform Order Exectution

[JonnyT]

You are welcome to do it for free.

However my time and expertise has a value. Its not just a one hour job given the testing requirements etc etc.

JonnyT

 

[sccz97]

sorry .. i sent that mail in a rush .. it prob came out differently than it sounded in my head. All i meant to say was that as you've already written your own app to use the ib api ... you probably have a couple of test projects you wrote when developing your own app ... seeing as we're meant to be helping each other here I woudl have thought it woudln't be a big deal you perhaps providing mrx with a sample project to maybe get started on his own.

 

[JonnyT]

IB provide sample Apps in C, VB and Java. I choose to use the Java platform for independance and stability.

As it happens I am considering making my trading App (very basic, one click market orders only with built in simulation of off the live feed) and Historical Data Downloader available.

The hardest part of this app would be the user interface IMHO, generating the orders is a doddle. Of course MrX didn't mention how he manages positions etc etc which could make the app complex.

Of course I would help out on specific questions but IB do also have a good API forum.

JonnyT

 

[sccz97]

apologies then if my initial message conveyed the wrong sentiment. I shall in future not talk **** on that which i quite obviously know nothing. Seeing as you're obviously around what with the quick responses woudl you mind answering me a few questions?

1. On average .. how long does it take for a market order to be sent and confirmation received?
2. How does ib ideal pro perform around news releases? Do :
a) tradeable quotes disappear for a few seconds
b) spreads widen horrifically
c) tradeable volume decrease significantly
d) some or all of the above
3. is level2 data available via the api (i could prob look this up but seeing as you're aroudn I thought I'd ask

many thanks in advance

 

[JonnyT]

1) <1sec typically
2)
a)b) No, you always have quotes. Here are the ticks around todays news release at 09:30 this morning:
20/10/05 09:29:47 1.7638 BID
20/10/05 09:29:47 1.7640 OFFER
20/10/05 09:29:48 1.7641 OFFER
20/10/05 09:29:52 1.7642 OFFER
20/10/05 09:29:56 1.7637 BID
20/10/05 09:29:56 1.7640 OFFER
20/10/05 09:30:04 1.7638 BID
20/10/05 09:30:04 1.7642 OFFER
20/10/05 09:30:05 1.7641 OFFER
20/10/05 09:30:05 1.7642 OFFER
20/10/05 09:30:06 1.7641 BID
20/10/05 09:30:06 1.7647 OFFER
20/10/05 09:30:07 1.7648 BID
20/10/05 09:30:07 1.7654 OFFER
20/10/05 09:30:08 1.7662 OFFER
20/10/05 09:30:08 1.7655 BID
20/10/05 09:30:08 1.7660 OFFER
20/10/05 09:30:09 1.7658 BID
20/10/05 09:30:10 1.7661 OFFER
20/10/05 09:30:10 1.7669 OFFER
20/10/05 09:30:11 1.7656 BID
20/10/05 09:30:11 1.7667 OFFER
20/10/05 09:30:11 1.7657 BID
20/10/05 09:30:11 1.7661 OFFER
20/10/05 09:30:13 1.7656 BID
20/10/05 09:30:13 1.7658 OFFER
20/10/05 09:30:13 1.7653 BID
20/10/05 09:30:14 1.7655 BID
20/10/05 09:30:14 1.7659 OFFER
20/10/05 09:30:15 1.7658 OFFER
20/10/05 09:30:16 1.7657 BID
20/10/05 09:30:16 1.7660 OFFER
20/10/05 09:30:16 1.7658 BID
20/10/05 09:30:16 1.7661 OFFER

c) I don't think the volume decreases

3) I don't think IB provide true level II but the data is available via TWS so is probably available via the API. (I don't use it)

JonnyT

 

[sccz97]

many thanks for the reply ... and the quotes you provided are more than I wanted but paint a perfect picture.

 

[radfaraf]

sccz97 get busy with my free app ;-)

 

[sccz97]

unfortuneately I don't do java. .. can't stand it. Not good enough to do c++ and the activex offering is poor...perhas if ib provided a native .NET api ... I shoudl be so lucky

 

[rog1111]

I'm not sure why you think the ActiveX offering is poor, I have found that it does everything I want, live complex charting, massive number crunching, auto trades etc etc. OK the IB documentation is not so great, but, in conjunction with their sample API, and a very useful customer forum, it's not so difficult if you have some programming experience. Well worth the effort in pursuing I think personally.


rog1111

unfortuneately I don't do java. .. can't stand it. Not good enough to do c++ and the activex offering is poor...perhas if ib provided a native .NET api ... I shoudl be so lucky

 

[hoi]

I would like to attach a selling target by a profit percentage to my orders. I'd like my profit targets to be adjusted based on a percentage of the actual buy price which will vary depending on how my limit orders end up getting executed.

This is not possible to IB and I asked tech support quickly to be sure. Is there any third party software that will allow me to do this?

Have you looked at ButtonTrader already? It does have several ways to configure Percentages to all your orders, and all parameters. (it has percentages on Price, Budget, RiskManagement, NetLiquidation etc....).
And its only about $1 per day to license it.
www.buttontrader.com

Hope it helps
Hoi

 

[Chuck_T]

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