Folks, I use Amibroker extensively with Amibroker-IB broker-interface....however, IB does not provide fine-grained order-management. For example, after placing an order, I want to keep monitoring market data, recalculate my tech indicators & modify/cancel the (already submitted) orders. Other desirable features would be: - order slicing & ability to modify the slices - square-off all open positions (depending on tech indicators) - cancel all pending orders (depending on tech indicators) ....and, many more, you get my drift. The question is: Is there a Trade management platform (not IB) that can be accessed via an API? I am an experienced programmer, so, I can handle the programming...and, I can hook it up with my Amibroker as well. Willing to share my code/product/results with people who can show me the way !! Thanks in advance Sanjay
Hi, a simple one is bracket trader for IB. It's good and simple to use. I don't know about scripting or automating with it, but they've got forums for you to ask questions of the coders...
Yes, bracket-trader is pretty good, but 1. it does not expose it's API, so, programmablity is not there. 2. it only works for IB any other options ?
Alarming, I've been looking to switch to AMIBroker because my current platform does not allow for IB to manage OCO's... i was under the impression that they have a very feature-rich interface to IB, no? I'm looking at the description at http://www.amibroker.com/at/ it has the capabilities to modify orders, no?
Sure...the Amibroker/IB interface provides basic order management, ie. new/change/cancel orders etc., but I want to do much more...manually as well as programmatically....here is a snippet from bracket-trader: Flexible entry options - complicated double breakout or double fade entries. pick a price based on the number of bids and offers. have a negative offset for Stop Limit entry orders. Flexible exit options - scale out positions automatically up to n steps, set a breakeven , start a trailing stop, or have a "no target" for the runner. Time stop - automatically react, if trade is taking too long to reach the target. Bottomline, I am looking for a Order/Trade Management software, that can pick up a trade-signal from Amibroker and then, provide above mentioned features for sophisticated management.... Sanjay
Hi, if you want a tradingsoftware capable of complex order and stop strategies with ib and more, take a lokk at investox (www.investox.de). Investox does a good job, but is german only. Martin