I find it hard to scalp trade with TWS, not sure if it's just me. For example, is it possible to setup the following order with Chart Trader? Ideally with a hot-key or one mouse click. 1. Buy (or sell) stop 3 ES contracts. 2. Attach a bracket order of 2 contracts. 3. Attach another bracket order (different profit target and stop loss) for the remaining 1 contract. Transmit the order automatically. Thanks!
I was not able to set up something like that in TWS. In the end I made a program and have it submit the orders via the API upon my command. After which the orders were visible in TWS and I could modify them if I so wished.
Guys, really, don't do it. IB - data is not realtime but a snapshot feed. You could as well just flip a coin.
Wait, and please forgive my ignorance but when IB states I am paying for realtime data it's actually not and is just a snapshot?
IB does not provide tick-by-tick data. They aggregate the datastream and send you an update several times per second. The update rate depends on the instrument. See table below.
I have IBKR Chart Trader setup with button to allow me to click a position chart and also create a template bracket order with a -1% for the stop and +2% for the profit target (roughly to create a 2:1 reward:risk ration)
I think I should post a follow-up. I switched to ampfutures, they offer multi-charts for free, a great trading software for scalpers. AMP also has very good margins for small traders.
TWS is not natural to add oco orders. With MultiCharts, I can define different strategies, switch between them with one mouse click.
I am really shocked that IB's "real time data" is not real time... I am paying more than 150 Dollars for month for the fake "real time data". But apart of that, i am really not happy with the speed of TWS. It is like a torture to give an order... Everytime i click to a stock, i am waiting like 5-6 secs to load chart and book trader. Because of the slowness of the booktrader, i lost 100 dollars today. It was so laggy, that i could not click to the right field on the book trader and sold my shares cheaper...