ETFs from Interactive Brokers with NinjaTrader

Discussion in 'ETFs' started by skylion80, Oct 28, 2009.

  1. skylion80



    Is there anybody who trades ETFs from Interactive Brokers with NinjaTrader? Is it possible to trade and replace your stops directly from the chart in Ninjatrader?
    Is there an extra fee for the API?

    Thank you for your help,

    Kind regards,

  2. Although I haven't actually placed live orders with Ninja, I have dug in to the API aspect of IB alot for my own trading system.

    IB basically charges you to place and cancel orders via the API, but if your order executes you get a credit back...I forget the rates, but it's something like a $0.12 fee to cancel an order and you get a $0.24 credit if an order executes. So if you place orders and don't cancel them too often, I think you'll end up pretty much flat (you can't end up positive on the deal).

    Since Ninja is connecting via the API, you'll see that policy apply.