New IB Features

Appreciated, sorry for hijacking the thread.

 

simki, here is the followup:

Currently, the simulated stops, trailing stops, stop limits, market-to-limit orders, good-after-time, good-till-time, good-till-date, gtc is done on the server to which you connect.

The rest is done on the server local to the traded instrument .

 

thanks IBSoft.

So the orders will reside in Hong Kong server, and during HK maintence if US market moves even though the conditions are met, they will not be triggered.
This is bad for protective stops or profit exits.

Thus regardless of where we stay, we should still connect to the primary market we are trading. (At least for me)

 

This is why people should not upgrade to newer unstable versions... Turn off the auto check for new versions.

In my opinion...IB should give people the option of 2 platforms....a basic version for people who don't need bells and wistles like me...I just need a good, stable execution platform. and the other version with all the options people ask for.

NK

 

A -minor- issue IB TWS developers may want to look into:

In the case of multiple login names (users) trading the same (institutional) IB account.

When one user makes a change to a NATIVE exchange order, e.g. move LMT BUY xx.x to yy.y, or STPLMT etc, the change is correctly reflected into all other users' TWS.

But:
If I have a non-exchange-native order, e.g. a STOP order in a CBOT market (or if I use STP instead of native STPLMT in CME market), the change WON'T be reflected in other TWSes.

E.g. if I have the initial order being in ZB, STP SELL 116'05 and move the order to STP SELL 116'00, the other TWSes will still show the INITIAL order (116'05), although the STP price may have been moved several times. And the new order has been accepted by IB.

The correct order (116'00) will be the one executed when time comes. It's just that other users' TWS don't reflect it (they'll still be showing a STP @ 116'05).

 

Too nice to be true.
Look at all the silly exchanges that take place on these "bell and whistle" features.
IMHO, does this bring much new business to IB? I guess it's making more substantial customers look for less frivolous solutions. In fact Ib is still very far away from where QCharts, a non-broker, used to be 5 years ago. Look at all the misery that QCharts had to go through because of dissatisfied customers.

 

first of all, ib provides retailers with quite low commission AND affordable datafeeds, and people should appreciate this. Some people posting above should remind of TWS as a tool for more then 50 markets with that low commissions. I mean, what do u expect?? If people want a fast reliable platform for futures go and rent RTS for 1000,- + a month, or for FX - go and rent 360t/FXall for thousands. Ever found a broker, who offers MSCI Taiwan @ SGX, E-Minis and FX tradable on the same software?? Folks, think about that!

Thing is, TWS is nothing for specialists.
I mean, it´s ok for end - of - day as well as 4-5 trades a day, breakouts and other basic things.
As I´m a scalper with 80-200 trades/day I simply find TWS a ridiculous toy...
the feed is so ugly and slow, orders need endless time to be send to exchange. T&S simply isn´t usable, as volumes are add and instead of 1.3.4.1.2.12.20 TWS shows me a 43. Sometimes I even see the tick on my charting - SW 1second before it´s on booktrader and the most UGLY thing is, that there even isn´t a tradeout button (one always has to transmit by mouse instead of a quick emergency hotkey...)

In my opinion, IB should concentrate a bit more on speed and reliability then in programming the ultimate optionsdaytradeportfoliomanagementscalpingandsoon - tool. what use is VAR of, when datafeed isn´t stable?? AND: those who really understand and need VAR or optionetics, do mostly have a special program to calculate this.

As I said before: TWS is nothing for special needs, but good to play around and test new markets easily.
Please don´t get me wrong: It´s clear to me, that one can´t get a superfast platform like X-Trader or RTS with dedicated servers and backuplines for 3.30$ RT without any platform fees. IB is the one for all who start and trade low volumes or frequencies but TWS will never be the big swinging dick in tradingsoftwares because other firms concentrate there knowledge on niches...

 

We'll have a look. Thank you.

 

how does this alert feature works? Can TI(Trade-Ideas) scans be hooked into IB to set up IB trades or/and trigger IB to send an email alert?

 

Unfortunately I don't know what TI is. Please have a look at our manual; I think you will easily see whether or not everything you need is already supported. If you find something you believe should be added, please let us know and we will consider it.