IB TWS Risk Management System

Discussion in 'Trading Software' started by sudhakar, Mar 1, 2008.

  1. sudhakar



    I am building a Risk Management utility for IB TWS and am facing the following issue:

    i) I have to disable the IB software once a drawdown limit is reached. The issue I am having is this:

    The user will be using IB manually - meaning will transmit the order manually. At this point, I have to either allow or deny the order to be transmitted based the dollar amount of the order.

    To be able to do this I either need to override the IB Transmit method; or have access to an event that will be fired BEFORE the system actually transmits the order.

    In the latter case, I will write some messaging code to transmit the event back to my Risk Management system.

    M problem is that I am unable to find any relevant event or find a way to override the Transmit method.

    Am I in the right direction? Is there a way to achieve this? Any help on this will be greatly appreciated.

    I look forward to your help.