Automation of IB's conditional orders

Discussion in 'Trading Software' started by Fractals 'R Us, Oct 6, 2008.

  1. Is there an automation software that can place conditional orders with IB? Ninja and Openquant don't seem to have that capability. I'm still searching but not finding anything yet.......
  2. a5519


    Any SW that offers automated live trading, including Ninja, RightEdge, NeoTicker can do that. It's trivial:

    if (contitions == true)

    A different story if you want to send an order to IB and want that the conditions are monitored by IB.
    The API of IB has no native conditional orders. So it's not so simple.
  3. Nevvveeeerrrrr mind, I looked at the API info and it does not do conditional orders, I was thinking they resided on Ib's servers but probably they reside with TWS anyhow...