Renko indicator / automated trading

Discussion in 'Interactive Brokers' started by Mike77, Jun 29, 2020 at 4:30 PM.

  1. Mike77


    I'm very new to IB

    Is it possible for me to set up automated trading on IB for stocks using a renko indicator/strategy as an entry and exit?

    Thanks in advance
  2. guru


  3. ZBZB


  4. You can do it on NinjaTrader with their basic renko or simply go to a 3rd party and download a renko indicator. then load it in and run the strategy tester to see the results.
    guru likes this.
  5. All what IB provides is prices (historical and live). It is up to you to construct whatever you need, such as Renko, indicators, and whatnot. Based on the outcome of whatever you coded will you send buy/sell orders to IB which are then executed.