Automated trading with Interactive Broker and ProRealTime – NOW AVAILABLE

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  • 02/24/2023 at 3:49 PM #210437
    PeterSt
    Nicolas wrote:

    However, we have just expanded the possible contract sizes for all these instruments.

    Not that I can notice (after restart).

    02/28/2023 at 6:19 PM #210667
    PeterSt

    Since yesterday evening we can work with 5 contracts for each of these instruments.

    03/01/2023 at 10:15 AM #210699
    Nicolas

    That’s right, I have updated the list on top of the topic with the current conditions:

    Currently, as 1st March 2023, the available instruments and their costs per contract are listed below:

    • M2K Micro-Mini Russel 5$/point Margin ~850€ Cost 0.62$/contract (5 contracts max)
    • MES Micro-Mini ES (S&P500) 5$/point Margin ~1500€ Cost 0.62$/contract (5 contracts max)
    • MNQ Micro-Mini NQ (NASDAQ100) 2$/point Margin ~2000€ Cost 0.62$/contract (5 contracts max)
    • MYM Micro-Mini DJ (DOWJONES30) 0.5$/point Margin ~1000€ Cost 0.62$/contract (5 contracts max)
    • DXS Micro-Dax (DAX40) 1€/point Margin ~1500€ Cost 0.38€/contract (5 contracts max)
      + cancellation fee
    • SXE Micro-ESTOXX50 (EUROSTOX50) 1€/point Margin ~400€ Cost 0.34€/contract (5 contracts max)
      + cancellation fee
    • All Forex pairs: Maximum 200k / Spot Gold & Silver: Maximum 80k
      Margin ~€1500-2000
      Cost min $2/order
    03/09/2023 at 11:01 AM #211190
    DavidAg

    Hi Nicolas,

    For instruments mentioned above (M2K, MNQ, MES etc), is automated trading with ProOrder via IBKR available to Australian residents? I’m currently trialing ProRealTime Complete v12 with IB API and the ProOrder module is not available.

    03/09/2023 at 9:51 PM #211276
    ks68593

    ‘Automated trading with interactive broker’ – does this mean we can shut our computer/laptop off and the strategy will still be running as it does with ProRealtime and IG? Or do you still have to leave your computer on for the automated strategies to work?

    thank you.

    03/10/2023 at 12:34 AM #211283
    ks68593

    Also, what if I already have an interactive brokers account – how can I use PRT with IBKR?

    03/10/2023 at 7:53 AM #211288
    PeterSt
    ks68593 wrote:

    ‘Automated trading with interactive broker’ – does this mean we can shut our computer/laptop off and the strategy will still be running as it does with ProRealtime and IG?

    Yes.

     

    ks68593 wrote:

    Also, what if I already have an interactive brokers account

    I use both and all I know is that I don’t pay explicit subscription for TWS and the like, to IBKR. However, I need to pay for the data subscriptions the same like you do. That is, if I want real time data on TWS or Mobile-IBKR.
    The beauty is that both seamlessly interact; you can place orders on either system and both will show them equally. Or place on the one, kill on the other  (and nothing goes wrong anywhere).
    I think with AutoTrading it could cause anomalies, like on PRT  crosses on order labels being greyed out so you can’t deal with them when ProOrder initiated (until the System is killed from ProOrder), while on TWS you may be able to kill it via the backdoor. But, the same will occur within IG.

    Might you be paying for TWS, then it would be an option to obtain PRT and get TWS for free from there automatically. And oh, obtain IG for free on top of it (but have 4 trades per month there to have the fee waved).

    1 user thanked author for this post.
    avatar Nicolas
    03/10/2023 at 8:55 AM #211290
    Nicolas
    ks68593 wrote:

    does this mean we can shut our computer/laptop off and the strategy will still be running as it does with ProRealtime and IG?

    Yes that’s it, it works all the same.

    DavidAg wrote:

    ProRealTime Complete v12 with IB API

    If you are using PRT with IB API (which is a complete different account), you can’t use ProOrder. You need a classic ProRealTime trading account through IBKR: https://trading.prorealtime.com/en/InteractiveBrokers

     

    1 user thanked author for this post.
    avatar DavidAg
    03/10/2023 at 9:03 AM #211292
    DavidAg

    Is it possible to open this “classic ProRealTime trading account” if you’re an Australian resident? Thanks.

    03/10/2023 at 9:05 AM #211293
    Nicolas

    The open account form says it is possible 🙂

    1 user thanked author for this post.
    avatar DavidAg
    03/13/2023 at 2:19 AM #211453
    Pieter_T

    Hi David,

    I am also an Aussie. Below email forwarded to me on 3/02/2023 by ProRealtime. I also wanted to use ProRealtime via IBKR as advertised on the PRT website.

    I understand that since then there are some tickers that can be traded in the US.

    It seems at this stage the only exposure we can get to the US and ASX using ProRealtime in Auto Trading is via IG Markets trading CFD’s.

    Good luck.

     

    Dear Mr XXXXX, [edited by moderation]
    Thank you for your reply.

    That is indeed true.
    In my email of 30/01 I confirmed that you could see for the real time data with Interactive Brokers directly to have the data with them on their platform.
    The Australian market with us is only with the end of the day data and not available for trading indeed.
    Also the automatic trading is not available with an Interactive Brokers account and ProRealTime at this point when you are a resident in Australia. This counts for all the markets, not only the Australian market.

    Best Regards,
    Elvira Gelens
    Your ProRealTime contact
    Phone number: +44 (0)20 3868 8510
    Email: Elvira-Gelens@prorealtime.com

    1 user thanked author for this post.
    avatar DavidAg
    03/13/2023 at 2:35 AM #211454
    DavidAg

    Thanks for sharing that.  I ended up having a conversation with Elvira over the phone and she confirmed the same. My intention was to use ProRealTime with IBKR too.  It’s a shame as i’m a big fan of the ProRealTime platform.  Hopefully things change on this in the near future.

    03/13/2023 at 2:44 AM #211455
    Pieter_T

    No worries.

    I am with you on being a fan of the ProRealtime platform. I am not very keen on IBKR as I find TWS very confusing and crowded. As Aussies we will just have to revert to what is available for us and luckily there are a few other options.

    03/13/2023 at 8:59 AM #211460
    PeterSt

    Allow me to have some additions (with my regards to Elvira) :

    1
    Apparently it is so that in Australia you can’t use real time data with PRT from the US markets. This is a shame, but unrelated to autotrading. Well, sort of; it *is* related when you’d know that AutoTrading can for obvious reasons only be done with real time data. Read : when I would try to start an AutoTrading system on a market/instrument I don’t have a real time subscription for, I can’t create that system.
    Additionally, if I don’t have a real time subscription to IBKR’s data (like you can see it in TWS in yellow-ish lines) I still can (Auto)Trade that in PRT – if I only have the real time subscription with PRT.

    2
    The crucial part which only few might understand is the API you work with; what happens with the API is that actually TWS is doing the trading work for you – not PRT. This is why you need to have both open (unless something has changed since I was beta tester for the API). Now :
    The essential difference between the normal operation and the operation with the API, is that the normal operation occurs “server side”. This is by no means related to #1 above;
    The ProOrder system runs server side and never on your API based platform, unless you created C++ etc. program code to control the IBKR-API yourself. Then you’d have your PC running and if you like on another PC in your network TWS receiving your API “calls”. And oh, to make it confusing, PRT does the same, but only for your manual trades (envision that PRT has this C++ code in its kernel – which runs on your PC).
    It is the ProOrder system running server side, which will make it impossible to have AutoTrading running, for those using the API.

    #1 theoretically can change, but it is not likely. The reasons are beyond my full knowledge, but some IBKR users from Europe and especially the UK, may recall the temporary transition from London to Luxembourgh. Only special customers were allowed to trade Forex from Luxembourgh – others just could not any more. This is all related to the supporting banks behind everything.
    Then things got settled, except for one major change : Forex became CFDs for PRT-IB. Not that this mattered and not that anyone could notice (no chance in price levels whatsoever – I could compare because I had both direct and CFD at the time) but meanwhile this was a necessity because else PRT was not allowed to operate even in Europe.
    So this is how it will be unlikely that #1 changes.

    #2 will not change by my kind of guarantee. The technical means PRT applies is too embedded to ever change that. This is to be read as : As long as you work with the API you will never be able to Autotrade with PRT.

    There is a solution : Move house.

    Before you think that a VPN is the solution – only when very thoroughly set up, which includes an illegal passport from Europe, that can be done.
    Thus that can’t be done either. 🙁

    What I can imagine is an “upside down” kind of technical VPN. With this I am now not referring to a VPN which may mask your real location, but one which expands your local network to elsewhere. Example :
    I work from home with PRT. But I also work from the office with PRT (don’t tell the colleagues). From home I can also work on the office PCs. This goes over the VPN. I use RDC (Remote Desktop Control) and do 100% everything from home. I can also start PRT on the office PC … Now :
    I see no reason why this office PC can’t be in Australia. No wait, I can’t see a reason why your office PC can’t be in my office in Holland. Now you can work with PRT server-side …
    I will let you know when the facility is open. 😉

    But it won’t solve #1.

     

    03/29/2023 at 11:28 AM #212410
    Alessandro Furlani

    do you have any forecast about the possibility to have the automated trading on stocks, etf, etc… ?

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