Automated trading with Interactive Broker and ProRealTime – NOW AVAILABLE

Nicolas · Thu, 26 Jan 2023 12:01:35 +0000

Automated trading with ProOrder and IB is now possible for everyone! I am excited to announce that the long-awaited feature of automated trading on the Futures market is finally here! Our favorite trading software now allows users to fully automate their strategies, making it easier than ever to take advantage of market opportunities and manage their risk. With this feature, users can now set up their trading strategies, including entry and exit points, stop-losses, and profit targets, and then let the software execute trades on their behalf on the Futures market. I believe that this new feature will be a game-changer for many of our users and I am excited to see how it can help them achieve their trading goals. If you have any questions or feedback, please don’t hesitate to ask questions in this dedicated topic to automated trading with Interactive Broker.. What is automated trading with ProOrder? ProOrder is an automated trading feature offered by ProRealTime. With ProOrder, users can create and execute trading strategies based on their own technical analysis and codes built especially to be used with ProRealTime. These strategies can include rules for entry and exit points, stop-losses, and profit targets. ProOrder also allows users to backtest their strategies using historical market data and optimize their parameters for better performance. Once a strategy is set up, ProOrder can automatically execute trades on the user’s behalf, allowing for more efficient and consistent trading. This can be useful for traders who wish to take advantage of market opportunities without having to constantly monitor the markets. Where to find automated strategies for ProOrder? There are many free codes available on ProRealCode forums (ProOrder sections) and in the Library. There are also paid strategies that can be purchased on the ProRealCode marketplace. What is Interactive Broker and why is it different from the current automated trading feature available? Interactive Brokers (IB) is an online brokerage firm that provides trading and investment services to individuals and institutional clients. The company was founded in 1978. Bascially, it is a broker that provide trading on Futures market and therefore uses different fees and margin requirement. The main pros are: Pros of Futures: Lower margin requirements Regulated by futures exchanges Standardized contracts What instrument can be traded automatically with ProOrder with Interactive Broker? Currently, as 9 October 2023, the available instruments and their costs per contract are listed below: M2K Micro-Mini Russel 5$/point Margin ~850€ Cost 0.62$/contract MES Micro-Mini ES (S&P500) 5$/point Margin ~1500€ Cost 0.62$/contract MNQ Micro-Mini NQ (NASDAQ100) 2$/point Margin ~2000€ Cost 0.62$/contract MYM Micro-Mini DJ (DOWJONES30) 0.5$/point Margin ~1000€ Cost 0.62$/contract DXS Micro-Dax (DAX40) 1€/point Margin ~1500€ Cost 0.38€/contract + cancellation fee SXE Micro-ESTOXX50 (EUROSTOX50) 1€/point Margin ~400€ Cost 0.34€/contract + cancellation fee All Forex pairs: Maximum 200k / Spot Gold & Silver: Maximum 80k Margin ~€1500-2000 Cost min $2/order DAX DAX40 25€/point DXM Mini DAX 5€/point NQ Mini NASDAQ100 20€/point ES Mini S&P500 50€/point RTY Mini Russell 50€/point YM Mini DJ30 5€/point ESTX ESTOXX50 10€/point FCE CAC40 10€/point BUND Euro Bund 10€/point EURUSD, EEURUSD, MEURUSD, NG (updated on 09 October 2023) Where can I open a new trading account that allow automated trading with IB? You can start by browsing the below page and fill the forms: https://trading.prorealtime.com/en/InteractiveBrokers Current limitations and differences with ProOrder on CFD: _ no trailing stop instruction (currently being developed in order to act the same on any different broker using ProOrder) – It means that: ** SET STOP TRAILING is not possible ** _ ProOrder codes are stopped on rollover of Futures contract – It means that: On each rollover of contract the strategy must be re-started. Be aware that these are temporary and will be modified for better ease in the next upcoming weeks. Want to know more? Questions and feedbacks are welcome below 🙂

This topic has 129 replies, 28 voices, and was last updated 6 months ago by Morpheous.

Tagged: futures, IB, interactive broker, proorder

Viewing 15 posts - 31 through 45 (of 130 total)

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03/29/2023 at 12:06 PM #212414

Nicolas

Not at the moment, but I think it will take several more months. The current available instruments are by far the most traded ones, that’s why they were made available as soon as the automatic trading was activated.

Nicolas
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03/29/2023 at 10:06 PM #212462

Florian

hello Nicolas, when will we be able to increase the number of contracts? when will it be possible to manually trade an index on which I have placed a robot. THANKS

Florian
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03/30/2023 at 4:19 AM #212471

PeterSt

Florian wrote:

when will it be possible to manually trade an index on which I have placed a robot.

Never (that I can think of).
🙁

PeterSt
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03/30/2023 at 8:19 AM #212489

Nicolas

For the moment the limit of contracts is 5 contracts max. This limit, subject, should be lifted in April. Regarding manual trading at the same time as automatic trading on the same Futures instrument, this is not possible at the moment. IB aggregates all of its positions and this makes it difficult to process orders in this context. I'm not saying this will never be possible, it's currently being studied. For the moment, the best advice I can give is to create a specific sub-account for manual trading, the procedure to open a sub-account is not complex.

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Inertia

Nicolas
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03/31/2023 at 11:04 PM #212633

trading2

Do you have any idea when we will be able to trade the Mini Nasdaq100 ( not the Micro E-mini ) . Can I assume by end of april because I understand by end or april the limit of contract will disapear ?

trading2
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04/01/2023 at 1:34 PM #212642

Florian

Good morning, When will it be possible to put algos on MINI DJ, MINI DAX, MINI NASDAQ? To date I can put a maximum of 5 mini contracts, right? Because I had a message that blocked me because I exceeded 1 contract.

Florian
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04/01/2023 at 9:24 PM #212648

KumoNoJuzza

Hi Nicolas,

It would great if we could manually override a trade initiated by a strategy. Ie interacting with the graph to close the position, to move the stop, cancel the stop loss.

Has it already been discussed as possible platform enhancement?

Thanks

KumoNoJuzza
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04/02/2023 at 6:50 AM #212649

GraHal

We can do this by going on the IG Platform and doing what you describe above, but this results in the Strategy being stopped, the trade then continues as a manual trade … I do this procedure often!

If you wish you then start the Strategy running again in PRT ProOrder.

GraHal
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04/02/2023 at 11:05 AM #212655

KumoNoJuzza

Thanks, this is I was thinking since I am sometimes watching strategies making winning trades but not always respecting the Stop Profit and then become losing positions.

KumoNoJuzza
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04/03/2023 at 9:29 AM #212712

KumoNoJuzza

Hi,

My PRT account is linked to IB.

When I am running ProOrder in papertrading, is the environment applying IB rules?

Thanks

KumoNoJuzza
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04/03/2023 at 10:12 AM #212713
GraHal
IB Rules re broker-related matters.

2. PRT Rules re coded strategy, but certain rules (e.g. SL and TP) may be affected in some way by 1. above.
GraHal
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04/03/2023 at 10:17 AM #212714

Nicolas

Here are the automatic trading conditions that apply with IB: https://trading.prorealtime.com/en/automatic-trading-conditions

Nicolas
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04/03/2023 at 10:58 AM #212715

Florian

@nicolas the rules are no longer up to date is it a maximum of 5 micro contracts? how not to have a close of positions when expiration. Indeed it is frustrating to have to take a loss when it is a winning position. Thank’s

Florian
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04/03/2023 at 11:28 AM #212716

KumoNoJuzza

Thanks. I’ll open an IG account while ProOrder on IB is getting ready.

KumoNoJuzza
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04/12/2023 at 8:41 AM #213157

snucke

are there still issues with trailing stops?

@nicolas

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